Office Property with Finished
For Sale
$380,000
850 Falling Creek Rd, Spartanburg, SC 29301
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$202.24
Days on Market93
Property Features for 850 Falling Creek Rd
General Information
Standard status
Active
Size
1,879 SF
Lot size
0.50 Acres
Additional Details
Highway Access
Yes
Listing Agency:
Real Broker, LLC
Listed By:
Rick Angell · License #90911
(864) 400-4200
Source:
Adamtaylorteam
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 1:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,045
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,900
$580.9K
Cap Rate 7%
$414,929
$414.9K
Cap Rate 9%
$322,722
$322.7K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$45.3K $24.12/SF
− Vacancy
−$6.6K −$3.51/SF
EGI
$38.7K $20.61/SF
− OpEx
−$9.7K −$5.15/SF
NOI
$29.0K $15.46/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,900
Cap Rate 7%
$414,929
Cap Rate 9%
$322,722
Alternative Uses
Best Use
Office B
$414.9K
$363.1K – $484.1K
NOI $29,045 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,110 @ 7.0% cap · market cap 26.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 29301, SC
34,531
Population
16,020
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
27.5 sq mi
ZIP Area
1,256
Density / Sq Mi
$56,606
Median Household Income
$37,761
Median Earnings
$1,126
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile office building includes a large meeting space, finished basement storage, and a commercial kitchen on a half-acre lot.
Where is this office unit located?
The property is located at 850 Falling Creek Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $380,000.
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
