Multi-Tenant Medical Office
New
For Sale
Contact for pricing
130 Dillon, Spartanburg, SC 29307
A portion of the property is leased to Ortho Sport & Spine Physicians, with additional space available for occupancy.
Property Size7,200 SF
Price / SF$201.39
Days on Market4
Property Features for 130 Dillon
General Information
Standard status
Active
Size
7,200 SF
Property subtype
OFFICE
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
orthopedic, sports medicine, spine
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates | Greenville/Spartanburg
(864) 704-1040
Listed By:
Darath Mackie · License ##97485
(864) 337-1543
Source:
Moodyscre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Greenville/Spartanburg
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,200 SF medical office property is configured for multiple tenants. Approximately 4,015 SF is available, while approximately 3,185 SF is leased to Ortho Sport & Spine Physicians. The available area is identified as suitable for primary care or specialty practices.
The property is in Spartanburg, near the Spartanburg Medical District and other healthcare providers. Pharmacies, labs, and referral partners are also in close proximity.
The property is in Spartanburg, near the Spartanburg Medical District and other healthcare providers. Pharmacies, labs, and referral partners are also in close proximity.
Key Highlights
- 7,200 SF multi‑tenant medical office property
- Approximately 4,015 SF available
- Approximately 3,185 SF leased to Ortho Sport & Spine Physicians
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,401
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,268,020
$2.3M
Cap Rate 7%
$1,620,014
$1.6M
Cap Rate 9%
$1,260,011
$1.3M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$221.2K $30.72/SF
− Vacancy
−$32.2K −$4.47/SF
EGI
$189.0K $26.25/SF
− OpEx
−$75.6K −$10.50/SF
NOI
$113.4K $15.75/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,268,020
Cap Rate 7%
$1,620,014
Cap Rate 9%
$1,260,011
Alternative Uses
Best Use
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$1.59M
$1.39M – $1.85M
NOI $111,297 @ 7.0% cap · market cap 7.68%
Theoretical Best
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,266 @ 7.0% cap · market cap 26.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A portion of the property is leased to Ortho Sport & Spine Physicians, with additional space available for occupancy.
Where is this medical office space located?
The property is located at 130 Dillon Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 7,200 SF multi‑tenant medical office property; Approximately 4,015 SF available; Approximately 3,185 SF leased to Ortho Sport & Spine Physicians
