Corner Lot Gas Station
For Sale
$4,300,000
7380 Wiles Rd, Coral Springs, FL 33067
7380 Wiles Rd. - Gas Station
Property Size2,898 SF
Lot Size0.92 Acres
Price / SF$1,483
Days on Market263
Property Features for 7380 Wiles Rd
General Information
Standard status
Active
Property type
Gas stations, Storefront properties, Mixed-use properties, Automotive properties, Individual retail properties
Size
2,898 SF
Lot size
0.92 Acres
Occupancy
100%
Investment Type
Owner User
Building Details
Buildings
2
Listed By:
Chris Toomey
(954) 701-0005
Added: Dec 16, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 0.90-acre corner lot property is a free-standing service station located at a signalized, high-traffic intersection in Coral Springs, Florida. The property features over 200 feet of frontage on Wiles Road, with an annual average daily traffic ranging from 27,500 to 35,404 vehicles. The site includes a 2,898 square foot retail building suitable for a convenience store, quick-service restaurant, flower shop, or barber shop. The B-3 Commercial Zoning allows for continued traditional fuel and convenience operations or repositioning for auto-service, drive-thru retail, or medical/commercial use, subject to city approval. The property offers expansion opportunities for high-profit ancillary services, such as a drive-thru car wash, a dedicated quick-lube bay, or expansion of the c-store to add a food service franchise. There is also potential to increase revenue streams by adding consumer services. This asset is located in a desirable residential market with a median household income approaching $95,000.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$345,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,918,700
$6.9M
Cap Rate 7%
$4,941,929
$4.9M
Cap Rate 9%
$3,843,722
$3.8M
Market Conditions
NOI Build-Up for 2,898 SF
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.
Gross rent
$489.6K $168.96/SF
− Vacancy
−$28.4K −$9.80/SF
EGI
$461.2K $159.16/SF
− OpEx
−$115.3K −$39.79/SF
NOI
$345.9K $119.37/SF
Area
Coral Springs, FL
Vacancy
5.80%
Lease Rate
$168.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,918,700
Cap Rate 7%
$4,941,929
Cap Rate 9%
$3,843,722
Alternative Uses
Best Use
Specialty Retail
$4.94M
$4.32M – $5.77M
NOI $345,935 @ 7.0% cap · market cap 8.05%
Second Best
Retail
$4.61M
$4.04M – $5.38M
NOI $322,873 @ 7.0% cap · market cap 7.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 33067, FL
27,564
Population
8,994
Households
3.1
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
9.9 sq mi
ZIP Area
2,784
Density / Sq Mi
$132,385
Median Household Income
$61,744
Median Earnings
$2,128
Median Rent
$652,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 7380 Wiles Rd. - Gas Station
Where is this gas station located?
The property is located at 7380 Wiles Rd Coral Springs, FL.
What is the asking price?
The asking price for this property is $4,300,000.
