Flex Space with Office and
For Sale
$347,100
6-12134 Wiles Rd, Coral Springs, FL
IC zoning and included work equipment support a range of industrial and commercial operations.
Property Size1,558 SF
Price / SF$222.79
Days on Market8
Property Features for 6-12134 Wiles Rd
General Information
Standard status
Active
Size
1,558 SF
Zoning
IC
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
670 SF
Office Build-Out
888 SF
Taxes and HOA fees
Annual Taxes
$4,546
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep Pelayo · License #A11997717
(954) 341-3294
Source:
Exprealty
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 2:31PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,558-square-foot flex condominium 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, the unit is within Coral Springs Corporate Park. Coral Ridge Drive and the Sawgrass Expressway provide nearby connections, with access to I-95 and Florida’s Turnpike.
Located on Wiles Road in Coral Springs, the unit is within Coral Springs Corporate Park. Coral Ridge Drive and the Sawgrass Expressway provide nearby connections, with access to I-95 and Florida’s Turnpike.
Key Highlights
- 1,558 ± square feet total, with approximately 888 square feet of office and 670 square feet of warehouse
- IC (Industrial Commercial) zoning
- Office furniture, forklift, and racking system included
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,652
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Country Savoir Faire Inc — Coral Springs, FL 33065
- Parkland Chef Catering — 9890 W Sample Rd, Coral Springs, FL 33065
Frequently Asked Questions
What type of property is this?
Flex space - IC zoning and included work equipment support a range of industrial and commercial operations.
Where is this flex space located?
The property is located at 6-12134 Wiles Rd 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 total, with approximately 888 square feet of office and 670 square feet of warehouse; IC (Industrial Commercial) zoning; Office furniture, forklift, and racking system included
