Spartanburg Office Building For
130 Dillon Drive, Spartanburg, SC 29307
7,200 SF office building near Spartanburg Medical District.
Type:Office
Property size:
7,200 SFPrice / SF:
$251/SF- Added:
- Nov 26, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 9:21 pm
Property Features for 130 Dillon Drive
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Office
Listing agent Darath Mackie License #SC #97485 (864) 704-1040
Listing office Lee & Associates | Greenville/Spartanburg (864) 704-1040
Listing date Nov 26, 2025
Source Lee-associates
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
HighLights
- Prime location in Spartanburg, SC with excellent visibility.
- Investment opportunity with a multi‑tenant building.
- ±4,015 SF available, with ±3,185 SF already leased to Ortho Sport & Spine Physicians.
- Close proximity to Spartanburg Medical District and other healthcare providers.
- Ideal for primary care or specialty practices.
- Close proximity to pharmacy, labs, and referral partners.
Overview
This 7,200 SF office building is located at 130 Dillon Drive in Spartanburg, SC. The property benefits from a prime location in Spartanburg, with excellent visibility and close proximity to the Spartanburg Medical District and other healthcare providers. The available space is approximately 4,015 SF, while approximately 3,185 SF is leased to Ortho Sport & Spine Physicians. This multi-tenant building presents an investment opportunity and is ideal for primary care or specialty practices. The property is also located close to pharmacies, labs, and referral partners.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.26M
NOI $113,401 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,401 @ 7.00% cap · market / base-case scenario
Aggressive
$2.27M
NOI $113,401 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.2k | $30.72 |
| − Vacancy | −$32.2k | −$4.47 |
| EGI | $189.0k | $26.25 |
| − OpEx | −$75.6k | −$10.50 |
| NOI | $113.4k | $15.75 |
7,200 SF · lease $30.72/SF/yr · vacancy 14.55% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$1.59M
$1.39M – $1.85M
NOI $111,297 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,266 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Jeffrey Cashman
Pediatrician
Upstate Ketamine and Wellness ...
Gym & Fitness Center
Ortho Sport & Spine ...
Medical Clinic
Amazing Wildlife Service ...
Animal Shelter
Dr. Luther Diehl
Physician
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.897
- Latitude
- 34.9826
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 7,200 SF office building near Spartanburg Medical District.
Where is this medical office space located?
The property is located at 130 Dillon Drive Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,810,000.
What are key features of this property?
This property features: Prime location in Spartanburg, SC with excellent visibility.; Investment opportunity with a multi‑tenant building.; **±4,015 SF available**, with ±3,185 SF already leased to Ortho Sport & Spine Physicians.
