Industrial Flex Warehouse
For Sale
$912,000
12140 Wiles Road, Coral Springs, FL 33076
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 Market122
Property Features for 12140 Wiles Road
General Information
Standard status
Active
Size
2,360 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Zoning
Industrial Commercial
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Year Built
2004
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep D Pelayo · License #3005451
(954) 341-3294
Source:
Lehmannflorida
Added: Jun 22
Changed: Oct 21
Last Checked: Oct 20 at 9:59PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,163
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,260
$783.3K
Cap Rate 7%
$559,471
$559.5K
Cap Rate 9%
$435,144
$435.1K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$48.1K $20.40/SF
− Vacancy
−$2.1K −$0.88/SF
EGI
$46.1K $19.52/SF
− OpEx
−$6.9K −$2.93/SF
NOI
$39.2K $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%
$783,260
Cap Rate 7%
$559,471
Cap Rate 9%
$435,144
Alternative Uses
Best Use
Warehouse
$559.5K
$489.5K – $652.7K
NOI $39,163 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$460.7K
$403.2K – $537.5K
NOI $32,252 @ 7.0% cap · market cap 3.54%
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 authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Balanced
Demand for This Use
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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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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 - 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 Road 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
