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    Property profile & analytics

    11300 Wiles Rd Coral Springs, FL 33076-2113

    • Distribution centers
    • 7,315 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2022
    $2,250,000
    Value Estimations
    $1,620,000
    Cap Rate Potential
    3.6%
    Distribution centers
    Location Intelligence
    Property ID
    US18-0249571
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution centers

    Property Details for 11300 Wiles Rd

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    7,315 SF
    Zone code
    B-3
    Property type
    Distribution centers
    APN
    48-41-17-CB-0010
    APU
    484117CB0010

    Description

    This exceptional investment opportunity presents a 7,315 square foot, multi-tenant flex space located at 11300 & 11308 Wiles Road in Coral Springs, Florida. The property, built in 1986, boasts a prime location within the Wiles Business Center, offering excellent visibility and accessibility. Situated on a 0.164-acre lot, the single-story building features two units totaling 7,315 square feet, currently 100% occupied by two tenants, including the anchor tenant Sherwin-Williams. The property includes four dock-high doors, a 20-foot ceiling height, and ample parking with 108 spaces. The zoning is B, and the property is classified as Class B with a Net Lease (NNN) investment type. The asking price is $3,100,000, representing a 4.00% cap rate and a price per square foot of $423.79. The property benefits from its strategic location, offering convenient access to major roadways such as the Sawgrass Expressway, Florida's Turnpike, and I-95. Its proximity to Costco further enhances its desirability. Rent bumps are included in the lease agreements. This is a rare opportunity to acquire a well-located, multi-tenant commercial property with a national tenant in a thriving area. The property's features, strong tenant occupancy, and prime location make it an attractive investment prospect.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2769
    Latitude
    26.2868
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,045
    $117,630
    $1,058,670
    $1,176,300
    -
    $117,630
    $1,058,670
    $1,176,300

    Comparable in this City

    • Value Estimation by Request
      2,532 SF

      12290 Wiles Rd, Unit 1A

      DISTRIBUTION WAREHOUSE • 2,532 SF
      12290 Wiles Rd, Coral Springs, FL 33076-2211
      View Details
    • Value Estimation
      $370,000
      2,547 SF

      12300 Wiles Rd, Unit 6A

      DISTRIBUTION WAREHOUSE • 2,547 SF
      12300 Wiles Rd, Coral Springs, FL 33076-2211
      View Details
    • Value Estimation
      $520,000
      1,738 SF

      12296 Wiles Rd, Unit 4A

      DISTRIBUTION WAREHOUSE • 1,738 SF
      12296 Wiles Rd, Coral Springs, FL 33076-2211
      View Details
    • Value Estimation
      $1,140,000
      1,326 SF

      11860 Wiles Rd, Unit 10

      DISTRIBUTION WAREHOUSE • 1,326 SF
      11860 Wiles Rd, Coral Springs, FL 33076-2216
      View Details
    • Value Estimation by Request
      2,150 SF

      11530 Wiles Rd, Unit 2

      DISTRIBUTION WAREHOUSE • 2,150 SF
      11530 Wiles Rd, Coral Springs, FL 33076-2118
      View Details
    • Value Estimation
      $230,000
      1,788 SF

      12344 Wiles Rd, Unit 9B

      DISTRIBUTION WAREHOUSE • 1,788 SF
      12344 Wiles Rd, Coral Springs, FL 33076-2211
      View Details

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    Coral Springs, FL 33076-2113
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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