Medical Office Property with
New
For Sale
$535,000
1586 Skylyn Drive, Spartanburg, SC 29307
Two separate buildings offer adaptable interior rooms and direct entry to the Mary Black Rail Trail.
Property Size2,466 SF
Lot Size0.59 Acres
Price / SF$216.95
Days on Market4
Property Features for 1586 Skylyn Drive
General Information
Standard status
Active
Size
2,466 SF
Lot size
0.59 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,457
Amenities
Tile,Vinyl,Wood
3
Public
0.59
122'
City Street,County Road
2
Building Details
Buildings
2
Listing Agency:
Keller Williams Great Smokies
(864) 622-1234
Listed By:
Kathy Ann Crowe · License #66923
(864) 380-9021
Source:
Cdanjoyner
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 1:47PM
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 Keller Williams Great Smokies
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Investment Insights
Based on property information with market context.
This medical office property includes an updated brick ranch and a detached accessory dwelling unit. The ranch provides more than 1,866 square feet on one level, with several rooms, hardwood flooring, a gas fireplace, and a covered two-car carport with storage. The separate 600-square-foot ADU has three bedrooms, a full kitchen, 1.5 baths, laundry, a mini-split HVAC system, and a private rear deck. Its plumbing, electrical, and roof are new.
The 0.59-acre parcel has 122 feet of frontage and direct access to the Mary Black Rail Trail. Spartanburg Medical Center and Gibbs Cancer Center are nearby, along with medical, dental, and professional offices. Spartanburg Day School is also in the surrounding area, and Converse University is minutes away.
The ranch’s multiple rooms can support office, reception, meeting, or treatment-room configurations, as described for approved commercial use. The detached unit provides separate living or workspace, while the carport and additional outdoor area round out the property’s on-site features.
The 0.59-acre parcel has 122 feet of frontage and direct access to the Mary Black Rail Trail. Spartanburg Medical Center and Gibbs Cancer Center are nearby, along with medical, dental, and professional offices. Spartanburg Day School is also in the surrounding area, and Converse University is minutes away.
The ranch’s multiple rooms can support office, reception, meeting, or treatment-room configurations, as described for approved commercial use. The detached unit provides separate living or workspace, while the carport and additional outdoor area round out the property’s on-site features.
Key Highlights
- Updated brick ranch with a detached 600‑square‑foot ADU
- Ranch offers more than 1,866 square feet of single‑level space
- ADU includes 3 bedrooms, 1.5 baths, a full kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,840
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,800
$776.8K
Cap Rate 7%
$554,857
$554.9K
Cap Rate 9%
$431,556
$431.6K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$75.8K $30.72/SF
− Vacancy
−$11.0K −$4.47/SF
EGI
$64.7K $26.25/SF
− OpEx
−$25.9K −$10.50/SF
NOI
$38.8K $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%
$776,800
Cap Rate 7%
$554,857
Cap Rate 9%
$431,556
Alternative Uses
Best Use
Healthcare Medical
$554.9K
$485.5K – $647.3K
NOI $38,840 @ 7.0% cap · market cap 7.26%
Second Best
Office B
$544.6K
$476.5K – $635.3K
NOI $38,119 @ 7.0% cap · market cap 7.13%
Theoretical Best
Warehouse
$1.91M
$1.68M – $2.23M
NOI $134,009 @ 7.0% cap · market cap 25.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hope Animal Hospital — 2125 E Main St, Spartanburg, SC 29307
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separate buildings offer adaptable interior rooms and direct entry to the Mary Black Rail Trail.
Where is this medical office space located?
The property is located at 1586 Skylyn Drive Spartanburg, SC.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Updated brick ranch with a detached 600‑square‑foot ADU; Ranch offers more than 1,866 square feet of single‑level space; ADU includes 3 bedrooms, 1.5 baths, a full kitchen, and laundry
