Flex Space with Office and
New
For Sale
$347,100
Pending
12134 Wiles Rd 6, Coral Springs, FL 33076
The IC-zoned unit includes furnished office space, warehouse area, racking, and a forklift.
Property Size1,558 SF
Days on Market5
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Property Features for 12134 Wiles Rd 6
General Information
Standard status
Pending
Size
1,558 SF
Property subtype
Industrial
Zoning
IC
Warehouse & Industrial
Warehouse Space
670 SF
Office Build-Out
888 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,546
Building Details
Building Size
1,558 SF
Year Built
2004
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep Pelayo · License #A11997717
(954) 341-3294
Source:
Elliman
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 12:39AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
This 1,558-square-foot flex condominium was built in 2004 and combines approximately 888 square feet of office area with 670 square feet of warehouse space. Office furniture, a forklift, and a racking system are included. The property is zoned IC (Industrial Commercial).
Located on Wiles Road in Coral Springs Corporate Park, the unit has access to Coral Ridge Drive and the Sawgrass Expressway, with connections to I-95 and Florida’s Turnpike.
Located on Wiles Road in Coral Springs Corporate Park, the unit has access to Coral Ridge Drive and the Sawgrass Expressway, with connections to I-95 and Florida’s Turnpike.
Key Highlights
- 1,558 ± square feet, with approximately 888 ± square feet of office and 670 ± square feet of warehouse
- IC (Industrial Commercial) zoning
- Includes office furniture, forklift, and racking system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,854
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,080
$517.1K
Cap Rate 7%
$369,343
$369.3K
Cap Rate 9%
$287,267
$287.3K
Market Conditions
NOI Build-Up for 1,558 SF
Gross rent
$31.8K $20.40/SF
− Vacancy
−$1.4K −$0.88/SF
EGI
$30.4K $19.52/SF
− OpEx
−$4.6K −$2.93/SF
NOI
$25.9K $16.59/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,080
Cap Rate 7%
$369,343
Cap Rate 9%
$287,267
Alternative Uses
Best Use
Warehouse
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$304.2K
$266.2K – $354.9K
NOI $21,292 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$2.66M
$2.32M – $3.10M
NOI $185,979 @ 7.0% cap · market cap 53.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33076, FL
41,826
Population
13,999
Households
3
Avg Household Size
40
Median Age
61%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
3,873
Density / Sq Mi
$174,560
Median Household Income
$76,035
Median Earnings
$3,243
Median Rent
$745,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- JULIANS ON WHEELS — 11570 Wiles Rd, Coral Springs, FL 33076
- Chefs 4 U LLC — 4601 Coral Springs Dr, Coral Springs, FL 33065
- Royal Haitian Cuisine Catering — 4709 NW 114th Dr, Coral Springs, FL 33076
- Irresistible Caterers — 5944 Coral Ridge Dr, Tamarac, FL 33076
- Publix Catering at Sawgrass Center — 5950 Coral Ridge Dr, Coral Springs, FL 33076
Frequently Asked Questions
What type of property is this?
Flex space - The IC-zoned unit includes furnished office space, warehouse area, racking, and a forklift.
Where is this flex space located?
The property is located at 12134 Wiles Rd 6 Coral Springs, FL.
What is the asking price?
The asking price for this property is $347,100.
What are key features of this property?
This property features: 1,558 ± square feet, with approximately 888 ± square feet of office and 670 ± square feet of warehouse; IC (Industrial Commercial) zoning; Includes office furniture, forklift, and racking system
