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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Drug stores
8151 Wiles Rd Coral Springs, FL 33067-2042
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-9244567
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1997
Construction
CONCRETE
Total area
11,743 SF
Lot
1.29 ac (56,113 SF)
Zoning code
B-3
APN
48-41-10-13-0030
UPID
US18-9244567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.39M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.04M
Owner & transaction history
8151 Coral Springs Fl LLC · 5 yrs held
8151 Coral Springs Fl LLC
since 2020
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
B-3 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.2M
+76.6%
Medical building
$4.1M
+17.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,755,000
6.5%
$4,390,000
7%
$4,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,500,000
Current use
COMMERCIAL (GENERAL)
$6,185,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$4,120,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $3.74M (Dec 21 2020)
Last sale anchor
$3.74M
Dec 21 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$344 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,600
Tax year 2023
Assessed value
$3,171,860
Assessed 2023
Previous assessed
$3,200,350
-0.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,136,290
Assessed improvement
$2,035,570
Land market value
$1,136,290
Improvement market value
$2,035,570
Total market value
$3,171,860
Applied tax rate
2,812.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
11,743 SF
Lot
1.29 ac (56,113 SF)
Zoning code
B-3
APN
48-41-10-13-0030
UPID
US18-9244567
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Coral Springs, FL
Zoning B-3 · permitted uses
B-3 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
8151 Coral Springs Fl LLC
Entity
Mailing address
4900 NW 2ND AVE, MIAMI, FL 33127-2123
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
$3,741,000
8151 Coral Springs Fl LLC
Windsor Investments Cs1 LP
Grant Deed
$2,618,700 · Grove Bk&tr
May 20, 2019
$3,270,000
Windsor Investments Cs1 LP
Malpal Realty Broward LLC
Warranty Deed
$2,125,500 · Td Bk NA
Aug 20, 2004
$2,700,000
Malpal Realty Broward LLC
Pine Grove Commercial Ctr INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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