Flex Space with Office and
New
For Sale
$347,100
12134 Wiles Road #6, Coral Springs, FL 33076
A furnished, zoned IC commercial condo combines workspace with warehouse area and includes a forklift and racking.
Property Size1,558 SF
Price / SF$222.79
Days on Market2
Property Features for 12134 Wiles Road #6
General Information
Standard status
Active
Size
1,558 SF
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 D Pelayo · License #A11997717
(954) 341-3294
Source:
Laerrealty
Added: Oct 11
Last Checked: Oct 11 at 2:50AM
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 space is configured with approximately 888 square feet of office area and 670 square feet of warehouse area. The commercial condominium was built in 2004 and is zoned IC (Industrial Commercial). Office furniture, a forklift, and a racking system are included.
Located in Coral Springs Corporate Park, the property fronts Wiles Road. Coral Ridge Drive and the Sawgrass Expressway provide nearby routes, with connections to I-95 and Florida’s Turnpike.
Located in Coral Springs Corporate Park, the property fronts Wiles Road. Coral Ridge Drive and the Sawgrass Expressway provide nearby routes, with connections to I-95 and Florida’s Turnpike.
Key Highlights
- 1,558 +/- square feet, including approximately 888 +/- square feet of office and 670 +/- square feet of warehouse
- Zoned IC (Industrial Commercial)
- Includes office furniture, a forklift, and a 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.
Property Analytics
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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
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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 - A furnished, zoned IC commercial condo combines workspace with warehouse area and includes a forklift and racking.
Where is this flex space located?
The property is located at 12134 Wiles Road #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, including approximately 888 +/- square feet of office and 670 +/- square feet of warehouse; Zoned IC (Industrial Commercial); Includes office furniture, a forklift, and a racking system
