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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10950 Wiles Rd Coral Springs, FL 33076

    • Retail space
    • 2,859 SF
    • 0.81 lot acres
    For Sale
    View listing
    $2,690,000
    Last Sale
    May 24, 2022
    $950,000
    Value Estimations
    Cap Rate Potential
    8.7%
    Retail space
    Location Intelligence
    Property ID
    US18-0157937
    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

    • Retail space

    Property Details for 10950 Wiles Rd

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.81 lot acres
    Property size
    2,859 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    48-41-17-07-0190
    APU
    484117070190

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $795,000
      ML approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,070,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,098,000
      Market price range: $573k - $1.37M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $855,000
      Current use
      COMMERCIAL (GENERAL)
      $1,505,000
      Change: +77% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,230,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $1,135,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $1,005,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2726
    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
    $18,095
    $433,810
    $351,670
    $785,480
    -
    $433,810
    $351,670
    $785,480

    Comparable in this City

    • Value Estimation
      $1,685,000
      7,403 SF

      10542 Wiles Rd, Unit 10550

      RETAIL STORES (PERSONAL SERVICES) • 7,403 SF
      10542 Wiles Rd, Coral Springs, FL 33076-2007
      View Details
    • Value Estimation
      $870,000
      5,119 SF

      11570 Wiles Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,119 SF
      11570 Wiles Rd, Coral Springs, FL 33076-2109
      View Details
    • Value Estimation
      $1,155,000
      7,359 SF

      10530 Wiles Rd, Unit 10540

      RETAIL STORES (PERSONAL SERVICES) • 7,359 SF
      10530 Wiles Rd, Coral Springs, FL 33076-2007
      View Details
    • Value Estimation
      $845,000
      4,949 SF

      11010 Wiles Rd, Unit 11016

      RETAIL STORES (PERSONAL SERVICES) • 4,949 SF
      11010 Wiles Rd, Coral Springs, FL 33076-2108
      View Details
    • Value Estimation
      $21,265,000
      48,701 SF

      9549 Westview Dr, Unit 9675

      RETAIL STORES (PERSONAL SERVICES) • 48,701 SF
      9549 Westview Dr, Coral Springs, FL 33076-2512
      View Details
    • Value Estimation
      $555,000
      2,760 SF

      10810 Wiles Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      10810 Wiles Rd, Coral Springs, FL 33076-2009
      View Details

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    Similar Nearby for Lease

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      Prime Retail Space Available

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      View Details
    • Contact for pricing

      Coral Springs Retail Space for Lease

      Prime Wiles Road location, single-tenant suite.
      10710 Wiles Rd, Coral Springs, FL 33076
      View Details
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      Wiles Road Retail Condo For Lease

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      Publix Anchored Retail Space

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    10950 Wiles Rd
    Coral Springs, FL 33076
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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