Two-Story Office Building with Tenant
For Sale
$365,000
275 E henry Street, Spartanburg, SC 29306
SINGLE_FAMILY - spartanburg, SC
Property Size1,450 SF
Lot Size0.23 Acres
Price / SF$251.72
Days on Market47
Property Features for 275 E henry Street
General Information
Property type
Residential
Property subtype
Office
Lot features
Central Business District
Directions
Property is located at 275 East Henry Street, Spartanburg, SC 29306, near corner of Union Street, with frontage on East Henry Street and convenient access to Downtown Spartanburg, I-585, and major business corridors.
Subdivision
Spartanburg
Standard status
Active
Size
1,450 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5100
Utilities
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Flooring type
Linoleum, Wood
Listing Agency:
Ponce Realty Group
(864) 285-4445
Listed By:
Robert Wall · License #129946
(864) 680-3952
Added: Jun 15
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 338399
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office building includes approximately 1,450+/- SF total with an established first-floor tenant occupying approximately 874+/- SF. The existing lease is in place through 2027, supporting immediate income for investors or owner-users. The second floor provides approximately 575+/- SF of vacant office or studio space, offering flexibility for owner occupancy or additional rental income.
The property sits on a 0.23-acre lot and has off-street parking. Interiors include linoleum and wood flooring. The building is cooled with central air and is described as zoned. Water service is listed as public.
Convenient access to major thoroughfares and proximity to Downtown Spartanburg are also noted. Sale includes the existing tenant lease, and the buyer is asked to verify square footage, zoning, and intended use.
The property sits on a 0.23-acre lot and has off-street parking. Interiors include linoleum and wood flooring. The building is cooled with central air and is described as zoned. Water service is listed as public.
Convenient access to major thoroughfares and proximity to Downtown Spartanburg are also noted. Sale includes the existing tenant lease, and the buyer is asked to verify square footage, zoning, and intended use.
Key Highlights
- Approximately 1,450+/- SF, two‑story office building
- First‑floor tenant occupies approximately 874+/- SF with lease through 2027
- Second‑floor offers approximately 575+/- SF vacant office or studio space
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two-floor office building with an established first-floor tenant and off-street parking for occupants.
Where is this office units located?
The property is located at 275 E henry Street 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, two‑story office building; First‑floor tenant occupies approximately 874+/- SF with lease through 2027; Second‑floor offers approximately 575+/- SF vacant office or studio space
