Drive-Through Restaurant
For Sale
$1,150,000
2439 ENTERPRISE Road, Orange City, FL 32763
Commercial Sale, ORANGE CITY, FL
Property Size2,377 SF
Lot Size0.17 Acres
Price / SF$483.80
Days on Market22
Property Features for 2439 ENTERPRISE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PUD
Parking features
Secured
Subdivision
BLUE SPGS PARK
Lot features
Curb and Gutters, Near Public Transit, Shopping Center, Paved
Directions
Continue on FL-570 E/Polk Pkwy. Take I-4 E, I-4 Express, and I-4 E to Saxon Blvd in Deltona. Take exit 111B from I-4 E 1 hr 22 min (87.2 mi). Follow Saxon Blvd and Enterprise Rd to your destination.
Standard status
Active
APN
8014-09-02-0022
Size
2,377 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
6678
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
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Flooring type
Tile
Building materials
Block
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Luis Perez Garcia · License #3391246
(201) 658-0689
Added: Aug 4
Changed: Aug 24
Last Checked: Aug 25 at 8:06AM
MLS# L4963743
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 restaurant property includes 2,377 square feet on a 0.17-acre parcel at 2439 Enterprise Road in Orange City. The 1984 building features block construction, tile flooring, central air, electric heating, and secured parking. Natural gas is available, with public water and public sewer serving the site. The property is zoned PUD.
Enterprise Road is near the signalized Saxon Boulevard intersection, where reported combined traffic counts range from approximately 58,500 to 61,000 vehicles per day. The site is about 1 mile from I-4 and near the SunRail DeBary station. AdventHealth Fish Memorial Hospital is nearby, with 253 beds and more than 1,000 employees. Saxon Crossing and Orange City Marketplace are also in the surrounding retail area, with tenants including Hobby Lobby, Esporta Fitness, Pet Supermarket, Planet Fitness, Domino's Pizza, Rent-A-Center, Starbucks, AutoZone, and Popshelf.
Enterprise Road is near the signalized Saxon Boulevard intersection, where reported combined traffic counts range from approximately 58,500 to 61,000 vehicles per day. The site is about 1 mile from I-4 and near the SunRail DeBary station. AdventHealth Fish Memorial Hospital is nearby, with 253 beds and more than 1,000 employees. Saxon Crossing and Orange City Marketplace are also in the surrounding retail area, with tenants including Hobby Lobby, Esporta Fitness, Pet Supermarket, Planet Fitness, Domino's Pizza, Rent-A-Center, Starbucks, AutoZone, and Popshelf.
Key Highlights
- 2,377‑square‑foot restaurant building on a 0.17‑acre parcel
- Located at 2439 Enterprise Road, Orange City, FL 32763
- Reported combined traffic count of ~58,500‑61,000 vehicles per day at Saxon Blvd & Enterprise Rd
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
$36,096
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
3.14%
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%
$721,920
$721.9K
Cap Rate 7%
$515,657
$515.7K
Cap Rate 9%
$401,067
$401.1K
Market Conditions
NOI Build-Up for 2,377 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
$52.2K $21.96/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$48.1K $20.25/SF
− OpEx
−$12.0K −$5.06/SF
NOI
$36.1K $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%
$721,920
Cap Rate 7%
$515,657
Cap Rate 9%
$401,067
Alternative Uses
Best Use
Specialty Retail
$515.7K
$451.2K – $601.6K
NOI $36,096 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.9K
$613.3K – $817.7K
NOI $49,061 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant building with PUD zoning, public water and sewer, and secured parking.
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: 2,377‑square‑foot restaurant building on a 0.17‑acre parcel; Located at 2439 Enterprise Road, Orange City, FL 32763; Reported combined traffic count of ~58,500‑61,000 vehicles per day at Saxon Blvd & Enterprise Rd
