Auto Body Shop with Paint
For Sale
$809,000
906 SHADICK DRIVE, Orange City, FL 32763
Fully upgraded auto body shop includes a modern paint booth, remodeled office/showroom, and high overhead doors for heavy vehicle access.
Property Size5,387 SF
Price / SF$150.18
Days on Market304
Property Features for 906 SHADICK DRIVE
General Information
Standard status
Active
Size
5,387 SF
Taxes and HOA fees
Annual Taxes
$5,663
Amenities
Dumpsters, Reception, Service Stations, Waiting Room
Humidity Control
Microwave
Building Details
Building Size
5,387 SF
Year Built
1992
Listing Agency:
Remax Premier Properties
(407) 968-7511
Listed By:
Paola Almonte · License #SL3065574
(407) 968-7511
Source:
Evrealestate
Added: Oct 24, 2025
Changed: Aug 23
Last Checked: Aug 22 at 6:53PM
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 fully upgraded auto body shop offers a 5,387 SF warehouse/work area designed for collision and repair operations, including a modern paint booth and high overhead doors suitable for semi-truck access. The property also features a completely remodeled office and showroom, creating a more customer-ready environment.
The property is currently leased, providing rental income. Public remarks note ample parking for customers, fleet accounts, and commercial vehicles.
Operations described in the materials include full collision repair, paint and frame repair, dent correction, and body part replacements. The shop services foreign, domestic, and European vehicles and is positioned to handle fleet and government accounts, with additional work referenced through insurance referrals and local commercial relationships.
The property is currently leased, providing rental income. Public remarks note ample parking for customers, fleet accounts, and commercial vehicles.
Operations described in the materials include full collision repair, paint and frame repair, dent correction, and body part replacements. The shop services foreign, domestic, and European vehicles and is positioned to handle fleet and government accounts, with additional work referenced through insurance referrals and local commercial relationships.
Key Highlights
- 5,387 SF auto body shop/warehouse built in 1992, currently leased and generating rental income
- Modern paint booth and paint/frame repair capability on‑site
- High overhead doors provide semi‑truck access for collision repair and heavy vehicle work
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
6.27%
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 6.27%
Second Best
Industrial
$458.2K
$400.9K – $534.5K
NOI $32,072 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,188 @ 7.0% cap · market cap 13.74%
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Fully upgraded auto body shop includes a modern paint booth, remodeled office/showroom, and high overhead doors for heavy vehicle access.
Where is this auto shop located?
The property is located at 906 SHADICK DRIVE Orange City, FL.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: 5,387 SF auto body shop/warehouse built in 1992, currently leased and generating rental income; Modern paint booth and paint/frame repair capability on‑site; High overhead doors provide semi‑truck access for collision repair and heavy vehicle work
