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860 W Main St 4,224 SF 100% Leased Flex Building Spartanburg, SC 29301 $1,025,774 CAD ($242.84 CAD/SF) 8.55% Cap Rate
Investment Highlights
- Fully leased 4,224 SF flex building offering a strong 10.68% cap rate and stable annual NOI of $64,000–$67,000.
- Features 5 bays with roll-up doors, 7 dock-high loading areas, 2 offices, and 3 restrooms, providing versatile space for various businesses.
- Prime location in Spartanburg’s high-traffic industrial area, just minutes from downtown, shopping, and hotels.
- Recent upgrades include a brand-new roof and a fenced 1-acre lot, ensuring security and privacy for tenants and owners.
Executive Summary
860 W Main Street is a fully leased, 4,224 square foot investment opportunity. This light distribution property offers a stable annualized return with strong cash flow. Situated on a 1-acre fenced lot, the property features 5 bays with roll-up doors, 7 dock-high loading areas, 2 offices, and 3 restrooms—ideal for light industrial, distribution, or service-based tenants. Recent upgrades include a brand-new roof, and the site provides ample parking with a high 17.76/1,000 SF ratio. Conveniently located in a high-traffic industrial corridor just minutes from downtown Spartanburg, shopping centers, and hotels, this property sits in an Opportunity Zone and is zoned CI (Commercial Industrial), offering long-term value for investors or potential owner-users.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$100,116
|
$23.70
|
| Other Income |
$11,078
|
$2.62
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,194
|
$26.32
|
| Taxes |
$8,046
|
$1.90
|
| Operating Expenses |
$11,913
|
$2.82
|
| Total Expenses |
$19,959
|
$4.73
|
| Net Operating Income |
$91,235
|
$21.60
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $100,116 |
| Annual Per SF | $23.70 |
| Other Income (CAD) | |
|---|---|
| Annual | $11,078 |
| Annual Per SF | $2.62 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,194 |
| Annual Per SF | $26.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,046 |
| Annual Per SF | $1.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,913 |
| Annual Per SF | $2.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,959 |
| Annual Per SF | $4.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,235 |
| Annual Per SF | $21.60 |
Property Facts
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Front Loading
- Security System
- Storage Space
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7-11-16-008.00 | Total Assessment | $16,437 CAD (2025) |
| Land Assessment | $7,035 CAD (2025) | Annual Taxes | $8,046 CAD ($1.90 CAD/SF) |
| Improvements Assessment | $9,402 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
7-11-16-008.00
Land Assessment
$7,035 CAD (2025)
Improvements Assessment
$9,402 CAD (2025)
Total Assessment
$16,437 CAD (2025)
Annual Taxes
$8,046 CAD ($1.90 CAD/SF)
Tax Year
2024
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Carolina Invest, LLC
860 W Main St
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