Industrial Flex Warehouse
12140 Wiles Rd Coral Springs, FL 33076
12140 Wiles Rd, Coral Springs, FL, 33076
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For Sale
Contact for pricing
Corner-unit showroom/warehouse condo with private office, tile-and-concrete floors, six parking spaces, and two grade-level roll-up doors.
Property Size2,360 SF
Price / SF$386.44
Days on Market33
Property Features for 12140 Wiles Rd
General Information
- Standard status
- Active
- Size
- 2,360 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 2004
Listing agency
Total R E Consultants Inc
(954) 341-3294
Listed by
George Pelayo · License #A11857860
Source
Crexi
Added: Jun 20 Updated: Jul 21 at 12:36PM Checked: Jul 21 at 12:36PM
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 industrial flex warehouse condo offers a showroom and warehouse combination with a versatile interior layout. Approximately 25% is dedicated to showroom/office use, including a private office, while the remaining space functions as warehouse area for storage and operations. The unit features concrete and tile flooring for durable day-to-day use and efficient upkeep. Two grade-level roll-up doors support loading and deliveries.
Located within Coral Springs Corporate Park at 12140 Wiles Rd, the property is positioned within a broader commercial business presence. The remarks note convenient access to University Drive, Coral Ridge Drive, Sawgrass Expressway, and Florida’s Turnpike.
The property is zoned Industrial Commercial. With a corner-unit configuration and allocated parking, it is designed to support customer-facing showroom activity alongside warehouse functionality.
Located within Coral Springs Corporate Park at 12140 Wiles Rd, the property is positioned within a broader commercial business presence. The remarks note convenient access to University Drive, Coral Ridge Drive, Sawgrass Expressway, and Florida’s Turnpike.
The property is zoned Industrial Commercial. With a corner-unit configuration and allocated parking, it is designed to support customer-facing showroom activity alongside warehouse functionality.
Key Highlights
- 2,360± SF corner‑unit showroom/warehouse condo in Coral Springs Corporate Park (built 2004)
- Approx. 25% showroom/office space (including a private office) and approx. 75% warehouse space
- Concrete and tile flooring throughout
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $20.40 |
| − Vacancy | −$2.1k | −$0.88 |
| EGI | $46.1k | $19.52 |
| − OpEx | −$6.9k | −$2.93 |
| NOI | $39.2k | $16.59 |
2,360 SF · lease $20.40/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.17M
$2.77M – $3.70M
NOI $221,973 @ 7.0% cap · market cap 24.34%
Second Best
Warehouse
$559.5K
$489.5K – $652.7K
NOI $39,163 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$4.02M
$3.52M – $4.70M
NOI $281,714 @ 7.0% cap · market cap 30.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Irresistible Caterers — 5944 Coral Ridge Dr, Tamarac, FL 33076
- Royal Haitian Cuisine Catering — 4709 NW 114th Dr, Coral Springs, FL 33076
- JULIANS ON WHEELS — 11570 Wiles Rd, Coral Springs, FL 33076
- Chefs 4 U LLC — 4601 Coral Springs Dr, Coral Springs, FL 33065
- Publix Catering at Sawgrass Center — 5950 Coral Ridge Dr, Coral Springs, FL 33076
FAQs
What type of property is this?
Flex space - Corner-unit showroom/warehouse condo with private office, tile-and-concrete floors, six parking spaces, and two grade-level roll-up doors.
Where is this flex space located?
The property is located at 12140 Wiles Rd Coral Springs, FL.
What is the asking price?
The asking price for this property is $912,000.
What are key features of this property?
This property features: 2,360± SF corner‑unit showroom/warehouse condo in Coral Springs Corporate Park (built 2004); Approx. 25% showroom/office space (including a private office) and approx. 75% warehouse space; Concrete and tile flooring throughout
