Turnkey Automotive Shop
For Sale
$525,000
1122 Elliott Road, Paradise, CA 95969
Turnkey automotive shop with office area and specialized repair infrastructure, including paint booth and vehicle access door.
Property Size6,200 SF
Price / SF$84.68
Days on Market76
Property Features for 1122 Elliott Road
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
10 ft
Drive-In Doors
1
Additional Details
Road Access
Yes
Building Details
Building Size
6,200 SF
Year Built
1975
Listing Agency:
Capital Rivers Commercial Inc
Listed By:
Carrie Welch · License #01926238
(916) 804-8046
Source:
Homesbyupside
Added: Jun 22
Changed: Sep 4
Last Checked: Sep 5 at 7:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Rivers Commercial Inc
Investment Insights
Based on property information with market context.
This established automotive facility is designed around a functional shop-and-office layout with approximately 4,700 SF of shop and warehouse space plus a 1,500 SF office and customer service area. Shop features include 10-foot clear height, gas heating units, a swamp cooler, and a 9’ x 12’ rear roll-up door for vehicle access and loading. Interior amenities include a private office, break room, and three restrooms.
Recent improvements include a new roof installed in 2018 and a new HVAC system installed in 2019. The property’s shop infrastructure supports automotive and specialty industrial activity, with equipment available for purchase separately, including an AFC downdraft heated paint booth, Cromax paint system, frame equipment, vehicle lifts, welders, and an air compressor.
The site is located along Elliott Road in Paradise, California, with prominent street frontage and strong visibility in an established commercial corridor serving the Paradise Ridge community. The setting provides convenient access for customers, employees, and vendors.
Recent improvements include a new roof installed in 2018 and a new HVAC system installed in 2019. The property’s shop infrastructure supports automotive and specialty industrial activity, with equipment available for purchase separately, including an AFC downdraft heated paint booth, Cromax paint system, frame equipment, vehicle lifts, welders, and an air compressor.
The site is located along Elliott Road in Paradise, California, with prominent street frontage and strong visibility in an established commercial corridor serving the Paradise Ridge community. The setting provides convenient access for customers, employees, and vendors.
Key Highlights
- Approximately 6,200 SF automotive facility in Paradise, CA, built in 1975
- Includes 4,700 SF shop/warehouse plus 1,500 SF office and customer service area
- Shop has 10‑foot clear height and a 9' x 12' rear roll‑up door for vehicle access and loading
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
$45,723
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
8.71%
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%
$914,460
$914.5K
Cap Rate 7%
$653,186
$653.2K
Cap Rate 9%
$508,033
$508.0K
Market Conditions
NOI Build-Up for 6,200 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
$55.8K $9.00/SF
− Vacancy
−$2.0K −$0.32/SF
EGI
$53.8K $8.68/SF
− OpEx
−$8.1K −$1.30/SF
NOI
$45.7K $7.37/SF
Area
Butte County, CA
Vacancy
3.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$914,460
Cap Rate 7%
$653,186
Cap Rate 9%
$508,033
Alternative Uses
Best Use
Warehouse
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 8.71%
Second Best
Industrial
$537.9K
$470.7K – $627.6K
NOI $37,654 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,719 @ 7.0% cap · market cap 38.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 95969, CA
5,710
Population
3,908
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
95%
High-School Grad
50.7 sq mi
ZIP Area
113
Density / Sq Mi
$72,250
Median Household Income
$47,969
Median Earnings
$1,244
Median Rent
$419,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Turnkey automotive shop with office area and specialized repair infrastructure, including paint booth and vehicle access door.
Where is this manufacturing property located?
The property is located at 1122 Elliott Road Paradise, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 6,200 SF automotive facility in Paradise, CA, built in 1975; Includes 4,700 SF shop/warehouse plus 1,500 SF office and customer service area; Shop has 10‑foot clear height and a 9' x 12' rear roll‑up door for vehicle access and loading
