Office Property with Finished
850 Falling Creek Rd Spartanburg, SC 29301
850 Falling Creek Rd, Spartanburg, SC, 29301
$400,000
For Sale
$400,000
Versatile office building includes a large meeting space, finished basement storage, and a commercial kitchen on a half-acre lot.
Property Size1,879 SF
Lot Size0.50 Acres
Price / SF$212.88
Days on Market8
Property Features for 850 Falling Creek Rd
General Information
- Standard status
- Active
- Size
- 1,879 SF
- Lot size
- 0.50 Acres
Listing agency
Real Broker, LLC
(864) 414-5188
Listed by
Rick Angell · License #90911
(864) 414-5188
Source
Exprealty
Added: Jul 16 Updated: Jul 22 at 9:03PM Checked: Jul 22 at 9:03PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This versatile commercial property offers approximately 1,879 sq ft of office space with an additional finished basement. The main level includes a large vestibule and a large open room currently used as a meeting space. The finished basement is built out for practical use, providing storage and a commercial kitchen.
The property sits on a half-acre lot with ample room for parking. It is located just off Exit 1 of I-85 Business Loop, providing convenient access and exposure.
For prospective buyers, the combination of an open main-level work/meeting area, finished basement storage, and an on-site commercial kitchen supports flexible day-to-day use within a dedicated office setting.
The property sits on a half-acre lot with ample room for parking. It is located just off Exit 1 of I-85 Business Loop, providing convenient access and exposure.
For prospective buyers, the combination of an open main-level work/meeting area, finished basement storage, and an on-site commercial kitchen supports flexible day-to-day use within a dedicated office setting.
Key Highlights
- Versatile commercial office building at 850 Falling Creek Road, Spartanburg
- Approximately 1,879 sq ft main level with a finished basement
- Half‑acre lot with ample parking space
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 | $45.3k | $24.12 |
| − Vacancy | −$6.6k | −$3.51 |
| EGI | $38.7k | $20.61 |
| − OpEx | −$9.7k | −$5.15 |
| NOI | $29.0k | $15.46 |
1,879 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Office B
$414.9K
$363.1K – $484.1K
NOI $29,045 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,110 @ 7.0% cap · market cap 25.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office building includes a large meeting space, finished basement storage, and a commercial kitchen on a half-acre lot.
Where is this office units located?
The property is located at 850 Falling Creek Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Versatile commercial office building at 850 Falling Creek Road, Spartanburg; Approximately 1,879 sq ft main level with a finished basement; Half‑acre lot with ample parking space
