Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    201 Henry Pl Spartanburg, SC 29306

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 Henry Pl Spartanburg, SC 29306

    View on Map
    • Office buildings
    • 9,240 SF
    • 0.68 lot acres
    For Sale
    $1,170,000
    View Listing →
    Two-Story Office Building For Sale For Sale
    $1,170,000
    9,240 SF

    Two-Story Office Building For Sale

    Two-story office building with subdivision potential and green space.

    201 Henry Pl, Spartanburg, SC
    View Listing
    Property ID
    US77-0264244
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SENIOR Physical Medicine / Physician
    • SENIOR Solutions / Community Center
    • Pamela Mills / Physician
    • Arguz Security / Security Service

    Property Details for 201 Henry Pl

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property size
    9,240 SF
    Property type
    Office buildings
    APN
    7-1215-43500
    APU
    7121543500

    Description

    This exceptional 9,240 square foot creative office building is situated on a desirable 0.68-acre lot in the heart of Spartanburg, South Carolina. The two-story structure offers approximately 4,600 square feet per floor, providing ample space for a variety of uses. Its flexible design allows for easy subdivision into four separate units, making it ideal for multiple tenants or a single large occupant seeking versatile space. The property boasts attractive landscaping and a generous green space area, creating a pleasant and productive work environment. Located conveniently near the downtown area, this property offers excellent accessibility and visibility. The building is zoned LOD, providing flexibility for future development or expansion. The tax map number is 7-12-15-435.00. This turnkey opportunity presents a compelling investment prospect for those seeking a well-maintained, adaptable office space in a thriving urban setting. The asking price for this prime commercial property is $1,170,000. This is a rare chance to acquire a substantial and versatile property in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $733,000
      Market price range: $432k - $1.01M
      AI Estimate
      $613,000
      Market price range: $340k - $865k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $735,000
      Current use
      RETAIL STORES
      $770,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $725,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $710,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $695,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9251
    Latitude
    34.9472
    CBSA code
    43900
    CBSA name
    SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $210
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      180 Library St

      OFFICE BUILDING • 3,600 SF
      180 Library St, Spartanburg, SC 29306-2313
      View Details
    • Value Estimation by Request
      3,476 SF

      240 Magnolia St

      OFFICE BUILDING • 3,476 SF
      240 Magnolia St, Spartanburg, SC 29306-2329
      View Details
    • Value Estimation by Request
      4,500 SF

      152 Magnolia St

      OFFICE BUILDING • 4,500 SF
      152 Magnolia St, Spartanburg, SC 29306-2316
      View Details
    • Value Estimation by Request
      2,300 SF

      158 Main St

      OFFICE BUILDING • 2,300 SF
      158 Main St, Spartanburg, SC 29306-2333
      View Details
    • Value Estimation
      $885,000
      12,124 SF

      200 Elford Ct

      OFFICE BUILDING • 12,124 SF
      200 Elford Ct, Spartanburg, SC 29306-3250
      View Details
    • Value Estimation by Request
      5,562 SF

      205 Magnolia St

      OFFICE BUILDING • 5,562 SF
      205 Magnolia St, Spartanburg, SC 29306-2348
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,240 SF

      Two-Story Office Building For Sale

      Two-story office building with subdivision potential and green space.
      201 Henry Pl, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      110,661 SF

      Downtown Spartanburg Office Buildings

      Two office buildings in downtown Spartanburg, totaling 110,661 square feet.
      145 N Church St, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      5,858 SF

      Downtown Office Space with Parking

      Prime office space available for sale in downtown Spartanburg.
      189 S Converse St, Spartanburg, SC 29306
      View Details
    • $1,500,000
      4,809 SF

      Downtown Spartanburg Mixed-Use Opportunity

      Historic downtown Spartanburg property with commercial and residential potential.
      139 West Main Street Ext, Spartanburg, SC 29306
      View Details
    • $2,400,000
      73,000 SF

      Spartanburg Warehouse Redevelopment

      ±73,000 SF Warehouse, ±5.91 Acres
      729 S Church St, Spartanburg, SC 29306
      View Details
    • Contact for pricing

      277 W Main St, Spartanburg, SC 29306

      Commercial land
      277 W Main St, Spartanburg, SC 29306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Westside Office Building For Rent

      5,000 sq ft office building in westside location.
      1220 John B White Sr Blvd, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      2,963 SF

      Class A Office Space

      Professional office space on Spartanburg's Westside with high visibility.
      1460 John B White Sr Blvd, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      1,587 SF

      Downtown Spartanburg Office/Retail Space

      Office or retail space for lease in downtown Spartanburg.
      300 Union St, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      4,300 SF

      Downtown Spartanburg Office Space

      Office space for rent in Downtown Spartanburg.
      150 Archer St, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      16,264 SF

      Downtown Spartanburg Office Space

      Unique office space in Spartanburg's Central Business District.
      150 E Henry St, Spartanburg, SC 29306
      View Details
    • Contact for pricing

      Southport Road Retail Opportunity

      2,456+/- SF building with excellent visibility and ample parking.
      2190 Southport Rd, Spartanburg, SC 29306
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Henry Pl
    Spartanburg, SC 29306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    201 Henry Pl, Spartanburg, SC, 29306

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!