Two-Story Office Building with
275 E Henry St Spartanburg, SC 29306
275 E Henry St, Spartanburg, SC, 29306
$365,000
For Sale
$365,000
Income-producing office building with a leased first floor and vacant second-floor office or studio space.
Property Size1,450 SF
Price / SF$251.72
Days on Market34
Property Features for 275 E Henry St
General Information
- Standard status
- Active
- Size
- 1,450 SF
Listing Agency
Ponce Realty Group
(864) 680-3952
Listed by
Robert Wall · License #129946
(864) 680-3952
Source
Exprealty
Added: Jun 15 Checked: Jul 17 at 6:48 pm
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 Ponce Realty Group
Investment Insights
Based on property information with market context.
This two-story office building offers a mix of income and flexibility. An established first-floor tenant occupies approximately 874± SF and has an existing lease in place through 2027. The second floor provides approximately 575± SF of vacant office or studio space, suitable for an owner-occupant looking to move in or for a new tenant. The sale includes the existing tenant lease, supporting an immediate revenue stream while the upper level remains available.
The property is located at 275 E Henry St in Spartanburg, SC, described as being just minutes from Downtown Spartanburg. Off-street parking is available, and the building is noted to have easy access to major thoroughfares, which can support convenient day-to-day operations for staff and clients.
For professional users, the configuration can work well for service-based businesses such as wellness providers, consultants, real estate professionals, insurance agencies, accountants, and creative studios. Investors may also consider the current leased setup alongside the opportunity to lease or occupy the second floor. Buyer to verify square footage, zoning, and intended use.
The property is located at 275 E Henry St in Spartanburg, SC, described as being just minutes from Downtown Spartanburg. Off-street parking is available, and the building is noted to have easy access to major thoroughfares, which can support convenient day-to-day operations for staff and clients.
For professional users, the configuration can work well for service-based businesses such as wellness providers, consultants, real estate professionals, insurance agencies, accountants, and creative studios. Investors may also consider the current leased setup alongside the opportunity to lease or occupy the second floor. Buyer to verify square footage, zoning, and intended use.
Key Highlights
- Approximately 1,450± SF commercial office building with a first‑floor tenant and a vacant second‑floor office/studio space
- First‑floor tenant occupies approximately 874± SF with an existing lease in place through 2027
- Second floor includes approximately 575± SF of vacant office/studio space for potential owner use or additional rental income
Local 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 | $35.0k | $24.12 |
| − Vacancy | −$5.1k | −$3.51 |
| EGI | $29.9k | $20.61 |
| − OpEx | −$7.5k | −$5.15 |
| NOI | $22.4k | $15.46 |
1,450 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$320.2K
$280.2K – $373.6K
NOI $22,414 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 21.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Income-producing office building with a leased first floor and vacant second-floor office or studio space.
Where is this office building located?
The property is located at 275 E Henry St Spartanburg, SC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Approximately 1,450± SF commercial office building with a first‑floor tenant and a vacant second‑floor office/studio space; First‑floor tenant occupies approximately 874± SF with an existing lease in place through 2027; Second floor includes approximately 575± SF of vacant office/studio space for potential owner use or additional rental income
