diff --git a/Makefile b/Makefile
index 07539ca5968..fa687f13a58 100644
--- a/Makefile
+++ b/Makefile
@@ -903,7 +903,7 @@ ifneq ($(CONFIG_BUILD_TARGET),)
 ALL-y += $(CONFIG_BUILD_TARGET:"%"=%)
 endif
 
-ifdef CONFIG_INIT_SP_RELATIVE
+ifeq ($(CONFIG_INIT_SP_RELATIVE)$(CONFIG_OF_SEPARATE),yy)
 ALL-y += init_sp_bss_offset_check
 endif
 
@@ -1208,7 +1208,7 @@ binary_size_check: u-boot-nodtb.bin FORCE
 		fi \
 	fi
 
-ifdef CONFIG_INIT_SP_RELATIVE
+ifeq ($(CONFIG_INIT_SP_RELATIVE)$(CONFIG_OF_SEPARATE),yy)
 ifneq ($(CONFIG_SYS_MALLOC_F_LEN),)
 subtract_sys_malloc_f_len = space=$$(($${space} - $(CONFIG_SYS_MALLOC_F_LEN)))
 else