Limited Office District Office
For Sale
Contact for pricing
1423 JOHN B WHITE SR BLVD, Spartanburg, SC 29306
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 Market63
Property Features for 1423 JOHN B WHITE SR BLVD
General Information
Standard status
Active
Size
2,692 SF
Lot size
0.61 Acres
Property subtype
Office
Zoning
LOD
Site & Location
Traffic Count
34,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1993
Listing Agency:
Spencer/Hines Properties Spartanburg
(864) 706-0189
Listed By:
Andy Hayes · License #SC 13179
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 4 at 11:33AM
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
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 For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.9k | $24.12 |
| − Vacancy | −$9.4k | −$3.51 |
| EGI | $55.5k | $20.61 |
| − OpEx | −$13.9k | −$5.15 |
| NOI | $41.6k | $15.46 |
2,692 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
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
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,290 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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)
