Drive-Through Restaurant
New
For Sale
$1,150,000
2439 ENTERPRISE ROAD, Orange City, FL 32763
Positioned by a signalized intersection along Orange City’s primary retail corridor, near regional transportation and employment centers.
Property Size2,395 SF
Price / SF$480.17
Days on Market7
Property Features for 2439 ENTERPRISE ROAD
General Information
Standard status
Active
Size
2,395 SF
Property subtype
Restaurant
Site & Location
Traffic Count
61,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
0.17 acres, Curb and Gutters, Near Public Transit, Shopping Center, Paved
Public Sewer
Additional parcels description:, Parcel Number: 8014-09-02-0022, Public Survey Range: 30, Public Survey Section: 14, Annual Amount: $6,678, Tax Block: 2, Tax Book Number: MB1-107, Legal Description: 14-18-30 IRREG PARCEL MEAS 88 FT ON E/L & 111.59 FT ON N/L OF LOT 1 BLK 2 BLUE SPRINGS PARK MB 1 PG 107 PER OR 3244 PG 1833 PER OR 4238 PG 2284 PER OR 5612 PG 748 PER OR 6197 PG 3188 PER OR 6792 PG 0390 PER OR 7284 PG 0179 PER OR 7291 PG 4699 PER OR 7501, Lot: 1, Year: 2025, Zoning: PUD
Tile
Central Air
Central, Electric
Listing ID: MFRL4963743, Standard Status: Active, MLS Status: Active, Property Subtype: Restaurant, On market as of 2026-08-04, Special Conditions: None
Common, Curb Parking, Ground Level, Lighted, Public Parking, Secured, Shared Parking
Built in 1984, Living area: 2377, Living area units: Square Feet, Construction Materials: Block
Subdivision: BLUE SPGS PARK, MLS Area (Major): 32763 - Orange City, County/Parish: Volusia
Electricity Available, Natural Gas Available, Sewer Nearby, Water Connected, Water Source: Public
Slab
Frontage Type: Access Road, City Street, Road Surface: Asphalt
Building Details
Year Built
1984
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Luis Perez Garcia · License #3391246
Source:
Miharaandassociates
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 7:28AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This drive-through restaurant property at 2439 Enterprise Road in Orange City, Florida, was built in 1984 and is identified at 2,395 SF. The asset is positioned near the signalized junction of Enterprise Road and Saxon Boulevard, within the retail corridor serving Orange City and Deltona.
Reported traffic at the Enterprise Road and Saxon Boulevard intersection ranges from approximately 58,500 to 61,000 vehicles per day. Interstate 4 is approximately 1 mile away, while the SunRail DeBary station is nearby. AdventHealth Fish Memorial is also in the immediate vicinity, with 253 beds and more than 1,000 employees. Nearby retail centers include Saxon Crossing and Orange City Marketplace, with tenants and anchors including Hobby Lobby, Esporta Fitness, Pet Supermarket, Planet Fitness, Domino’s Pizza, Starbucks, AutoZone, and Ollie’s Bargain Outlet.
Reported traffic at the Enterprise Road and Saxon Boulevard intersection ranges from approximately 58,500 to 61,000 vehicles per day. Interstate 4 is approximately 1 mile away, while the SunRail DeBary station is nearby. AdventHealth Fish Memorial is also in the immediate vicinity, with 253 beds and more than 1,000 employees. Nearby retail centers include Saxon Crossing and Orange City Marketplace, with tenants and anchors including Hobby Lobby, Esporta Fitness, Pet Supermarket, Planet Fitness, Domino’s Pizza, Starbucks, AutoZone, and Ollie’s Bargain Outlet.
Key Highlights
- 2,395 SF drive‑through restaurant property
- Built in 1984
- Approximately 58,500–61,000 vehicles per day at Enterprise Road and Saxon Boulevard
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
$36,369
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
3.16%
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%
$727,380
$727.4K
Cap Rate 7%
$519,557
$519.6K
Cap Rate 9%
$404,100
$404.1K
Market Conditions
NOI Build-Up for 2,395 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
$52.6K $21.96/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$48.5K $20.25/SF
− OpEx
−$12.1K −$5.06/SF
NOI
$36.4K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$727,380
Cap Rate 7%
$519,557
Cap Rate 9%
$404,100
Alternative Uses
Best Use
Specialty Retail
$519.6K
$454.6K – $606.2K
NOI $36,369 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.2K
$617.9K – $823.9K
NOI $49,433 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
61,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
289k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 29%
Superstores 8%
Groceries 7%
Wawa
Shops & Services
38,097 visits/mo
0.4 miles
McDonald's
Dining
36,242 visits/mo
0.1 miles
Texas Roadhouse
Dining
24,942 visits/mo
0.3 miles
Olive Garden
Dining
23,803 visits/mo
0.5 miles
Big Lots
Superstores
22,366 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Positioned by a signalized intersection along Orange City’s primary retail corridor, near regional transportation and employment centers.
Where is this drive through restaurant located?
The property is located at 2439 ENTERPRISE ROAD Orange City, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,395 SF drive‑through restaurant property; Built in 1984; Approximately 58,500–61,000 vehicles per day at Enterprise Road and Saxon Boulevard
