Remodeled Office Building with
For Sale
$525,000
8715 Asheville Hwy, Boiling Springs, SC 29316
COMMERCIAL/INDUSTRIAL, Boiling Springs, SC
Property Size2,200 SF
Lot Size0.47 Acres
Price / SF$238.64
Days on Market687
Property Features for 8715 Asheville Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
General Business District
Directions
Springfield Road and US-176 across from North Spartanburg Baptist Church.
Subdivision
Boiling Springs
Standard status
Active
Size
2,200 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5524
Utilities
Heating system
Heat Pump (Heating), Hot Water(Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Amenities
hardwood floors
kitchen
copier room
drive-thru
Building Details
Flooring type
Carpet, Wood
Listing Agency:
Leslie Horne and Associates
(864) 707-2315
Listed By:
Joey Praytor · License #109966
(864) 431-2613
Added: Nov 26, 2024
Changed: Oct 13
Last Checked: Oct 14 at 6:06AM
MLS# 317610
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 2,200-square-foot office building offers eight office spaces and two bathrooms within a fully remodeled interior and exterior. Improvements include updated hardwood flooring, carpet, a complete kitchen area, and a dedicated copier room. Heating is provided by heat pumps and hot water, with heat-pump and central air cooling systems.
The property includes a drive-thru for customer access, a rear entrance, and gravel parking behind the building. Public water service is available, and the property is zoned Commercial. Updates were completed in 2015.
The property includes a drive-thru for customer access, a rear entrance, and gravel parking behind the building. Public water service is available, and the property is zoned Commercial. Updates were completed in 2015.
Key Highlights
- 2,200‑square‑foot office building on 0.47 acres
- Eight office spaces and two bathrooms
- Interior and exterior updates completed in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,007
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,140
$680.1K
Cap Rate 7%
$485,814
$485.8K
Cap Rate 9%
$377,856
$377.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$53.1K $24.12/SF
− Vacancy
−$7.7K −$3.51/SF
EGI
$45.3K $20.61/SF
− OpEx
−$11.3K −$5.15/SF
NOI
$34.0K $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%
$680,140
Cap Rate 7%
$485,814
Cap Rate 9%
$377,856
Alternative Uses
Best Use
Office B
$485.8K
$425.1K – $566.8K
NOI $34,007 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.71M
$1.49M – $1.99M
NOI $119,554 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 29316, SC
29,459
Population
12,202
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
93%
High-School Grad
21.8 sq mi
ZIP Area
1,351
Density / Sq Mi
$75,808
Median Household Income
$44,015
Median Earnings
$1,133
Median Rent
$227,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with multiple private rooms, customer-oriented drive-thru access, and rear gravel parking.
Where is this office building located?
The property is located at 8715 Asheville Hwy Boiling Springs, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,200‑square‑foot office building on 0.47 acres; Eight office spaces and two bathrooms; Interior and exterior updates completed in 2015
