Automotive Shop with Paint
For Sale
Contact for pricing
1122 Elliott Road, Paradise, CA 95969
Operating automotive facility with specialized equipment, office space, and vehicle-access loading.
Property Size6,250 SF
Price / SF$84
Days on Market60
Property Features for 1122 Elliott Road
General Information
Standard status
Active
Size
6,250 SF
Class
C
Property subtype
Industrial
Investment Type
Owner/User
Additional Details
Road Access
Yes
Amenities
swamp cooler
gas heating units
rear roll-up door
private office
break room
three restrooms
Building Details
Year Renovated
2019
Buildings
1
Stories
1
Listing Agency:
Capital Rivers Commercial
(916) 804-8046
Listed By:
Carrie Welch · License #01926238
Source:
Crexi
Added: Jun 23
Changed: Aug 15
Last Checked: Aug 20 at 8:08PM
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
Investment Insights
Based on property information with market context.
The property combines an established automotive shop with dedicated office and customer waiting areas. The shop measures approximately 4,700 SF, while the office and waiting area encompasses approximately 1,500 SF with a private office, break room, and three restrooms. Building improvements include a roof installed in 2018 and HVAC added in 2019. Additional features include a swamp cooler, gas heating units, 10-foot clear height, and a 9' x 12' rear roll-up door.
Included equipment and furnishings span a separate building with an AFC downdraft heated paint booth, full Cromax paint system, Breewco 360 frame rack and frame equipment, two 10-ton lifts, welders, an air compressor, heat lamps, car and air jacks, workbenches, a camera system, and office furnishings. The property fronts Elliott Road in Paradise and sits within an established commercial corridor near local businesses, residential neighborhoods, and community services.
Included equipment and furnishings span a separate building with an AFC downdraft heated paint booth, full Cromax paint system, Breewco 360 frame rack and frame equipment, two 10-ton lifts, welders, an air compressor, heat lamps, car and air jacks, workbenches, a camera system, and office furnishings. The property fronts Elliott Road in Paradise and sits within an established commercial corridor near local businesses, residential neighborhoods, and community services.
Key Highlights
- Approximately 4,700 SF automotive shop with approximately 1,500 SF office/waiting area
- Separate building with AFC downdraft heated paint booth and full Cromax paint system
- Breewco 360 frame rack, frame equipment, two 10‑ton lifts, welders, and air compressor included
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
$37,958
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
7.23%
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%
$759,160
$759.2K
Cap Rate 7%
$542,257
$542.3K
Cap Rate 9%
$421,756
$421.8K
Market Conditions
NOI Build-Up for 6,250 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
$56.3K $9.00/SF
− Vacancy
−$2.0K −$0.32/SF
EGI
$54.2K $8.68/SF
− OpEx
−$16.3K −$2.60/SF
NOI
$38.0K $6.07/SF
Area
Butte County, CA
Vacancy
3.60%
Lease Rate
$9.00 /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%
$759,160
Cap Rate 7%
$542,257
Cap Rate 9%
$421,756
Alternative Uses
Best Use
Retail
$2.09M
$1.82M – $2.43M
NOI $145,987 @ 7.0% cap · market cap 27.81%
Second Best
Industrial
$542.3K
$474.5K – $632.6K
NOI $37,958 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,346 @ 7.0% cap · market cap 38.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 43%
Apparel 3%
Taco Bell
Dining
9,071 visits/mo
0.4 miles
ARCO
Shops & Services
5,365 visits/mo
0.1 miles
AMPM
Shops & Services
4,399 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
919 visits/mo
0.1 miles
Clarks
Apparel
638 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive facility with specialized equipment, office space, and vehicle-access loading.
Where is this auto shop 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 4,700 SF automotive shop with approximately 1,500 SF office/waiting area; Separate building with AFC downdraft heated paint booth and full Cromax paint system; Breewco 360 frame rack, frame equipment, two 10‑ton lifts, welders, and air compressor included
