Flex Space Under
For Sale
$525,000
180 John B White Sr Boulevard, Spartanburg, SC 29306
Adaptable commercial building with paved parking and access to a heavily traveled business corridor.
Property Size3,400 SF
Lot Size0.23 Acres
Price / SF$197.07
Days on Market49
Property Features for 180 John B White Sr Boulevard
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.23 Acres
Property Condition
Severity
Repairs Needed
Evidence
currently under renovation inside
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
3,400 SF
Listing Agency:
Keller Williams Realty
Listed By:
Dina Napechnik · License #139600
(864) 207-0835
Source:
Greenvilleheartproperties
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 5 at 11:00PM
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 Realty
Investment Insights
Based on property information with market context.
This flex space at 180 John B. White Sr. Blvd. is undergoing interior renovation on approximately 0.23 acres. The adaptable commercial layout can accommodate professional office, retail, or service-oriented operations, providing flexibility for a range of business formats. Paved parking and visible roadway positioning add practical functionality for occupants and visitors.
The property sits along a major commercial route in Spartanburg with convenient access to major highways, retail, restaurants, and surrounding commercial development. Its location combines direct road access with daily traffic exposure, supporting businesses that benefit from a readily identifiable presence.
The property sits along a major commercial route in Spartanburg with convenient access to major highways, retail, restaurants, and surrounding commercial development. Its location combines direct road access with daily traffic exposure, supporting businesses that benefit from a readily identifiable presence.
Key Highlights
- Approximately 0.23 acres
- Interior renovation currently underway
- Flexible layout for office, retail, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,180
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,600
$823.6K
Cap Rate 7%
$588,286
$588.3K
Cap Rate 9%
$457,556
$457.6K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$64.3K $24.12/SF
− Vacancy
−$9.3K −$3.51/SF
EGI
$54.9K $20.61/SF
− OpEx
−$13.7K −$5.15/SF
NOI
$41.2K $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%
$823,600
Cap Rate 7%
$588,286
Cap Rate 9%
$457,556
Alternative Uses
Best Use
Industrial
$1.70M
$1.49M – $1.99M
NOI $119,221 @ 7.0% cap · market cap 22.71%
Second Best
Flex RnD
$1.58M
$1.38M – $1.85M
NOI $110,705 @ 7.0% cap · market cap 21.09%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,769 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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- Queen Treats — 256 N Church St, Spartanburg, SC 29306
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with paved parking and access to a heavily traveled business corridor.
Where is this flex space located?
The property is located at 180 John B White Sr Boulevard Spartanburg, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 0.23 acres; Interior renovation currently underway; Flexible layout for office, retail, or service uses
