Retail Property in Spartanburg,
2880 Reidville Rd Spartanburg, SC
For Sale
Contact for pricing
Retail property available for sale in Spartanburg, South Carolina.
Property Size2,040 SF
Lot Size0.34 Acres
Price / SF$171.57
Days on Market378
Property Features for 2880 Reidville Rd
General Information
Standard status
Active
Size
2,040 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Listing Agency:
McDaniel and Company
(864) 580-1131
Listed By:
Emma McDaniel · License #19274
Source:
Moodyscre
Added: Jul 16, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:16AM
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 McDaniel and Company
Investment Insights
Based on property information with market context.
A retail property is available for sale, offering 2040 square feet of space. The property is located on Reidville Road in Spartanburg, South Carolina.
Key Highlights
- Retail property
- Available for sale
- Located in Spartanburg, South Carolina
Financial Insights For Retail
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 | $36.7k | $18.00 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $33.5k | $16.43 |
| − OpEx | −$10.1k | −$4.93 |
| NOI | $23.5k | $11.50 |
2,040 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$335.3K
$293.4K – $391.1K
NOI $23,468 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.58M
$1.39M – $1.85M
NOI $110,859 @ 7.0% cap · market cap 31.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Spartanburg, South Carolina.
Where is this retail property located?
The property is located at 2880 Reidville Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Retail property; Available for sale; Located in Spartanburg, South Carolina
