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Property profile & analytics
OFF-MARKET Estimated value $765,000
Office buildings

348 Blackstock Rd Spartanburg, SC 29301-3741

8,628 SF 1.34 ac lot Built 1990
Entity Owned 11-yr Hold Free & Clear
Property ID
US77-1283763
Property summary
AI-generated overview

This exceptional 9,525 square foot mixed-use office building, situated on a 1.34-acre lot in Spartanburg, South Carolina, presents a compelling investment opportunity. Constructed in 1990 and renovated in 2009, the single-story structure boasts a convenient location on Blackstock Road, offering easy access to I-26 and the bustling Reidville Road. The property is currently vacant, providing immediate occupancy for a new tenant. Ample parking is available, with a ratio of 5 spaces per 1,000 square feet, plus additional space in the rear. The building features a metal roof, one double dock door (70W x 76H), and is equipped with a sprinkler system and Tyco monitoring for enhanced life safety. Heating is provided by natural gas, while cooling is electric. Electricity is supplied by Duke Power. The property is unzoned, offering flexibility for various uses. Its proximity to downtown Spartanburg (approximately 10 minutes away) and a wealth of retail and dining options makes it an ideal location for a variety of businesses. This Class B office/flex space offers a blend of functionality and prime location, making it an attractive prospect for discerning investors and businesses seeking a well-maintained and strategically positioned property.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction BRICK
Total area 8,628 SF
Lot 1.34 ac (58,370 SF)
APN 6-2500-00102
UPID US77-1283763
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Omnicare Billing Center Medical Billing Service
  • James C. Hammett, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$710k
Blend (final) Blend
$765k
Owner & transaction history
Pharmacy Consultants LLC · 11 yrs held
Pharmacy Consultants LLC
since 2015
Last sale
$840,000
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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