Upgraded Auto Body
For Sale
$799,000
906 SHADICK Drive, Orange City, FL 32763
Commercial Sale, ORANGE CITY, FL
Property Size5,387 SF
Lot Size0.63 Acres
Price / SF$148.32
Days on Market320
Property Features for 906 SHADICK Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Microwave
Subdivision
GARLAND INDUST CNTR
Lot features
Central Business District
Directions
ENTERPRISE RD.TO 17-92 TURN R,TO OHIO TURN R GO TO LEVITT TURN R GO TO SHADICK L TO 906 SHADICK
Standard status
Active
APN
11-18-30-12-00-0440
Size
5,387 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 44 GARLAND INDUSTRIAL CENTER MB 37 PGS 77-78 INC PER OR 4589 PG 3930 PER OR 5367 PG 2305 PER OR 5634 PG 3228 PER OR 6058 PG 4094 PER OR 6261 PG 2292 PER OR 6787 PG 3109 PER OR 7844 PG 3522
Tax Annual Amount
5663
Legal Description
LOT 44 GARLAND INDUSTRIAL CENTER MB 37 PGS 77-78 INC PER OR 4589 PG 3930 PER OR 5367 PG 2305 PER OR 5634 PG 3228 PER OR 6058 PG 4094 PER OR 6261 PG 2292 PER OR 6787 PG 3109 PER OR 7844 PG 3522
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Humidity Control
Amenities
modern paint booth
high overhead doors
remodeled office and showroom
Building Details
Year built
1992
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Metal Frame, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REMAX PREMIER PROPERTIES · RE/MAX International
(407) 343-4245
Listed By:
Paola Almonte · License #SL3287290
(407) 968-7511
Added: Oct 24, 2025
Changed: Aug 19
Last Checked: Sep 8 at 8:06PM
MLS# S5137222
Copyright © 2026 Stellar MLS. 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 auto body facility includes a 5,387-square-foot warehouse on a 0.63-acre parcel, along with a paint booth, high overhead doors, and updated office and showroom areas. The property is currently leased to a business, and the sale includes the auto body and collision repair operation. Services described include collision repair, painting, frame work, dent correction, and body-part replacement for foreign, domestic, European, modern, and classic vehicles.
Located at 906 Shadick Drive in Orange City, the property provides parking for customers, fleet accounts, and commercial vehicles. Construction includes block, metal frame, and stucco components, with concrete flooring, shingle roofing, humidity-control cooling, electricity available, and public sewer service. The building was constructed in 1992.
Located at 906 Shadick Drive in Orange City, the property provides parking for customers, fleet accounts, and commercial vehicles. Construction includes block, metal frame, and stucco components, with concrete flooring, shingle roofing, humidity-control cooling, electricity available, and public sewer service. The building was constructed in 1992.
Key Highlights
- 0.63‑acre auto body property in Orange City, FL
- 5,387 SF warehouse currently leased to a business
- Sale includes the auto body and collision repair business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,737
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,014,740
$1.0M
Cap Rate 7%
$724,814
$724.8K
Cap Rate 9%
$563,744
$563.7K
Market Conditions
NOI Build-Up for 5,387 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.8K $15.00/SF
− Vacancy
−$8.3K −$1.55/SF
EGI
$72.5K $13.46/SF
− OpEx
−$21.7K −$4.04/SF
NOI
$50.7K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,014,740
Cap Rate 7%
$724,814
Cap Rate 9%
$563,744
Alternative Uses
Best Use
Retail
$724.8K
$634.2K – $845.6K
NOI $50,737 @ 7.0% cap · market cap 6.35%
Second Best
Warehouse
$618.9K
$541.6K – $722.1K
NOI $43,326 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,188 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32763, FL
23,391
Population
11,897
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
20.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$64,022
Median Household Income
$40,100
Median Earnings
$1,449
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Orange City Equipment — 1816 S Volusia Ave, Orange City, FL 32763
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- 🏆 Sunrise Automotive & Radiator Services — 102 Cedar Ave, Orange City, FL 32763
- Roosters Auto Upholstery — 221 Strawberry Oaks Dr, Orange City, FL 32763
Frequently Asked Questions
What type of property is this?
Auto shop - Auto body facility with a paint booth, high overhead doors, and remodeled office and showroom areas.
Where is this auto shop located?
The property is located at 906 SHADICK Drive Orange City, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 0.63‑acre auto body property in Orange City, FL; 5,387 SF warehouse currently leased to a business; Sale includes the auto body and collision repair business
