Spartanburg Office Building For
For Sale
Contact for pricing
319 North Pine Street, Spartanburg, SC 29302
Office building in a growing downtown area with high foot traffic.
Property Size8,000 SF
Price / SF$187.50
Days on Market87
Property Features for 319 North Pine Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Office
Listing Agency:
NAI Earle Furman Spartanburg
Listed By:
Mike Tanbonliong II · License #109381
Source:
Crexi
Added: May 11
Changed: Jul 10
Last Checked: Aug 4 at 8:17AM
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 NAI Earle Furman Spartanburg
Investment Insights
Based on property information with market context.
Located in Spartanburg, South Carolina, this property benefits from the city's economic momentum, cultural vibrancy, and strategic public investment. The downtown area, anchored by a growing population and a strong daytime workforce, experiences steady foot traffic from nearby offices, educational institutions, and a dynamic small business community. Ongoing redevelopment and infrastructure improvements have transformed the urban core into a walkable environment appealing to residents and visitors. The central business district is experiencing a cultural renaissance, featuring a thriving arts scene, diverse dining, and year-round events. Spartanburg's location within the Upstate region positions it as a hub of growth and connectivity, with proximity to major interstates and larger markets. The property has a size of 8000 square feet.
Key Highlights
- Strong economic momentum and strategic public investment make Spartanburg a compelling destination.
- Growing population and strong daytime workforce ensure steady foot traffic.
- Ongoing redevelopment and infrastructure improvements have created a walkable, attractive urban environment.
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 | $193.0k | $24.12 |
| − Vacancy | −$28.1k | −$3.51 |
| EGI | $164.9k | $20.61 |
| − OpEx | −$41.2k | −$5.15 |
| NOI | $123.7k | $15.46 |
8,000 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,663 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.21M
$5.43M – $7.25M
NOI $434,740 @ 7.0% cap · market cap 28.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 29302, SC
17,356
Population
8,169
Households
2.1
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
342
Density / Sq Mi
$77,428
Median Household Income
$44,476
Median Earnings
$1,031
Median Rent
$264,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in a growing downtown area with high foot traffic.
Where is this office building located?
The property is located at 319 North Pine Street Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Strong economic momentum and strategic public investment make Spartanburg a compelling destination.; Growing population and strong daytime workforce ensure steady foot traffic.; Ongoing redevelopment and infrastructure improvements have created a walkable, attractive urban environment.
