Limited Office District Office
1423 JOHN B WHITE SR BLVD, Spartanburg, SC 29306
For Sale
Contact for pricing
A 2,692± SF office on 0.61± acres with 200± road frontage, high visibility, and LOD zoning for qualified uses.
Property Size2,692 SF
Lot Size0.61 Acres
Price / SF$332.47
Days on Market160
Property Features for 1423 JOHN B WHITE SR BLVD
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Year Built
Stories
Units
Listing Agency:
Spencer/Hines Properties Spartanburg
Listed By:
Andy Hayes · License SC #13179
(864) 706-0189
Source:
Crexi
Added: Jun 4
Changed: Nov 2
Last Checked: Nov 10 at 6:58AM
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 Spencer/Hines Properties Spartanburg
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Investment Insights
Based on property information with market context.
This offering features a 2,692± square foot office property situated on 0.61± acres, with approximately 200± feet of road frontage. The site is located within city limits and is zoned Limited Office District (LOD), supporting office-oriented occupancy consistent with the local zoning designation.
The property sits on John B. White Sr. Boulevard with reported traffic counts of over 34,000 VPD, creating strong visibility for prospective clients and visitors. It is also positioned with I-26 approximately one mile away, and the surrounding area includes an estimated 26,250 households within a 10-minute drive.
For buyers or tenants seeking an office facility with straightforward access and prominent exposure along a major corridor, the LOD zoning and high-visibility frontage are practical considerations. The configuration is well-suited for office uses that benefit from on-site presence and an easily identifiable building location along John B. White Sr. Boulevard. Tax Map # 6-21-14-035.01 is associated with the property.
The property sits on John B. White Sr. Boulevard with reported traffic counts of over 34,000 VPD, creating strong visibility for prospective clients and visitors. It is also positioned with I-26 approximately one mile away, and the surrounding area includes an estimated 26,250 households within a 10-minute drive.
For buyers or tenants seeking an office facility with straightforward access and prominent exposure along a major corridor, the LOD zoning and high-visibility frontage are practical considerations. The configuration is well-suited for office uses that benefit from on-site presence and an easily identifiable building location along John B. White Sr. Boulevard. Tax Map # 6-21-14-035.01 is associated with the property.
Key Highlights
- 2,692± SF office built in 1993 on John B. White Sr. Boulevard
- 0.61± acres with 200± road frontage
- Located in city limits and zoned Limited Office District (LOD)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,613
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,260
$832.3K
Cap Rate 7%
$594,471
$594.5K
Cap Rate 9%
$462,367
$462.4K
Market Conditions
NOI Build-Up for 2,692 SF
Gross rent
$64.9K $24.12/SF
− Vacancy
−$9.4K −$3.51/SF
EGI
$55.5K $20.61/SF
− OpEx
−$13.9K −$5.15/SF
NOI
$41.6K $15.46/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,260
Cap Rate 7%
$594,471
Cap Rate 9%
$462,367
Alternative Uses
Best Use
Office B
$594.5K
$520.2K – $693.6K
NOI $41,613 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,869 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
34,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 29306, SC
16,822
Population
7,618
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
19.5 sq mi
ZIP Area
863
Density / Sq Mi
$38,858
Median Household Income
$30,629
Median Earnings
$913
Median Rent
$159,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Spartanburg County, SC
Properties on Market for Office buildings in Spartanburg County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2,692± SF office on 0.61± acres with 200± road frontage, high visibility, and LOD zoning for qualified uses.
Where is this office building located?
The property is located at 1423 JOHN B WHITE SR BLVD Spartanburg, SC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,692± SF office built in 1993 on John B. White Sr. Boulevard; 0.61± acres with 200± road frontage; Located in city limits and zoned Limited Office District (LOD)
