Upgraded Auto Body
For Sale
$799,000
906 SHADICK Dr, Orange City, FL 32763
5,387 SF auto body shop with collision repair business.
Property Size5,387 SF
Lot Size0.63 Acres
Price / SF$148.32
Days on Market165
Property Features for 906 SHADICK Dr
General Information
Standard status
Active
Size
5,387 SF
Lot size
0.63 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,663
Building Details
Building Size
5,387 SF
Year Built
1992
Listing Agency:
REMAX PREMIER PROPERTIES
(407) 968-7511
Listed By:
Paola Almonte · License #3065574
(407) 968-7511
Source:
Elliman
Added: Mar 11
Changed: Aug 17
Last Checked: Aug 22 at 8:09AM
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 REMAX PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
This upgraded 5,387 SF auto body shop is located in Orange City, FL. The warehouse includes a modern paint booth and high overhead doors suitable for semi-truck access. The property also features a remodeled office and showroom. Ample parking is available for customers, fleet accounts, and commercial vehicles. The collision repair shop specializes in modern and classic vehicles, servicing foreign, domestic, and European makes. Core services include full collision repair, paint and frame repair, dent correction, and body part replacements. The business is capable of handling fleet and government accounts and benefits from insurance referrals and local commercial relationships. The property is currently leased to a business, generating rental income.
Key Highlights
- Fully upgraded 5,387 SF warehouse with modern paint booth and high overhead doors.
- Currently leased, generating rental income.
- Includes 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
Industrial
$458.2K
$400.9K – $534.5K
NOI $32,072 @ 7.0% cap · market cap 4.01%
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
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Roosters Auto Upholstery — 221 Strawberry Oaks Dr, Orange City, FL 32763
- Deland Collision — orange city, fl 32763
- Big T Tire & Muffler — 1695 S Volusia Ave, Orange City, FL 32763
- Orange City Equipment — 1816 S Volusia Ave, Orange City, FL 32763
- 🏆 Sunrise Automotive & Radiator Services — 102 Cedar Ave, Orange City, FL 32763
Frequently Asked Questions
What type of property is this?
Auto shop - 5,387 SF auto body shop with collision repair business.
Where is this auto shop located?
The property is located at 906 SHADICK Dr 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: Fully upgraded 5,387 SF warehouse with modern paint booth and high overhead doors.; Currently leased, generating rental income.; Includes auto body and collision repair business.
