Flex Space with Drive-In
For Sale
Contact for pricing
Pending
12438 Wiles Rd, Coral Springs, FL 33076
Office and warehouse areas combine with loading access and hurricane impact glass windows and doors.
Property Size6,926 SF
Days on Market680
Property Features for 12438 Wiles Rd
General Information
Standard status
Pending
Size
6,926 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
21 ft
Mezzanine
1,744 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Office Units
1
Listing Agency:
Total Real Estate Consultants Inc
(954) 341-3294
Listed By:
Joe Pelayo · License #3005451
(954) 224-8773
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Oct 9
Last Checked: Oct 16 at 11:11AM
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 Real Estate Consultants Inc
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Investment Insights
Based on property information with market context.
This 6,926 +/- square-foot flex space combines office and warehouse functions within a single commercial unit. Approximately 34% of the layout is office area, with an open work section, 5 executive offices, a break room, and 1 restroom. The warehouse portion accounts for about 66% of the space and includes 21’ clear ceilings, 1 restroom, a 1,744 +/- square-foot mezzanine, a ramp, and a drive-in door. Hurricane impact glass windows and doors are also part of the improvements.
Situated in Coral Springs Corporate Center, the property provides access to Sawgrass Expressway and Florida’s Turnpike. The unit is offered for sale and is also available for lease.
Situated in Coral Springs Corporate Center, the property provides access to Sawgrass Expressway and Florida’s Turnpike. The unit is offered for sale and is also available for lease.
Key Highlights
- 6,926 +/- SQFT flex space with approximately 34% office and 66% warehouse area
- Warehouse includes 21’ clear ceilings and a 1,744 +/- SQFT mezzanine
- Loading access includes both a ramp and a drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,933
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,298,660
$2.3M
Cap Rate 7%
$1,641,900
$1.6M
Cap Rate 9%
$1,277,033
$1.3M
Market Conditions
NOI Build-Up for 6,926 SF
Gross rent
$141.3K $20.40/SF
− Vacancy
−$6.1K −$0.88/SF
EGI
$135.2K $19.52/SF
− OpEx
−$20.3K −$2.93/SF
NOI
$114.9K $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%
$2,298,660
Cap Rate 7%
$1,641,900
Cap Rate 9%
$1,277,033
Alternative Uses
Best Use
Office B
$9.31M
$8.14M – $10.86M
NOI $651,435 @ 7.0% cap · market cap 42.03%
Second Best
Warehouse
$1.64M
$1.44M – $1.92M
NOI $114,933 @ 7.0% cap · market cap 7.42%
Theoretical Best
Specialty Retail
$11.81M
$10.33M – $13.78M
NOI $826,758 @ 7.0% cap · market cap 53.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
1
Office units
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 Office 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 - Office and warehouse areas combine with loading access and hurricane impact glass windows and doors.
Where is this flex space located?
The property is located at 12438 Wiles Rd Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 6,926 +/- SQFT flex space with approximately 34% office and 66% warehouse area; Warehouse includes 21’ clear ceilings and a 1,744 +/- SQFT mezzanine; Loading access includes both a ramp and a drive‑in door
