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10950 Wiles Rd Coral Springs, FL 33076-2005

OFF-MARKET Retail space Google Maps
2,859 SF 0.81 ac lot Built 1964
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$795k
Range $716k – $875k (±10%)
Property ID US18-0157937

Property summary

AI-generated overview

This exceptional 30,000 square foot office building, situated on a corner lot in Coral Springs, Florida, presents a unique investment opportunity. Built in 1965, the single-unit property boasts unparalleled visibility and accessibility. Located at 10950 Wiles Road, zip code 33076, this strategically positioned building benefits from high daily traffic counts, with an estimated 50,000 cars passing by daily on Wiles Road. The property's corner location provides excellent exposure from both eastbound and westbound lanes, ensuring maximum brand visibility. Convenient access is provided via both 110 Avenue and Wiles Road, offering easy ingress and egress for employees and clients. The asking price for this substantial office space is $2,690,000. While the lot size is not specified, the building's prominent location and significant square footage make it an ideal investment for businesses seeking a high-profile presence in a thriving Coral Springs commercial district. This is a rare opportunity to acquire a well-situated, sizable office building in a high-traffic area of Broward County. The property's substantial size and prime location offer significant potential for growth and return on investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction CONCRETE
Total area 2,859 SF
Lot 0.81 ac (35,413 SF)
Zoning code B-3
APN 48-41-17-07-0190
UPID US18-0157937

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
$1.07M
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$795k

Owner & transaction history

since 2022
Last sale
$950,000
5 recorded transactions
2022
$950,000
2018
Price N/A
2012
$355,000
2006
$850,000
1969
Price N/A

Zoning & alternative use

B-3 · Coral Springs, FL
Zoning description

The General Business (B-3) District is intended to apply primarily to provide locations for planned commercial centers, sharing a common identity, parking and other support facilities developed according to an overall de…

General category MIXED_USE
Top alternative use upside
Commercial (general) $1.5M +76.6%
Warehouse, storage $1.2M +44.1%
Office building $1.1M +33.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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