11030 Wiles RdCoral Springs, FL 33076

Property Details for 11030 Wiles Rd

Year built

1977

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

13,449 SF

Zone code

B-3

Property type

Investment properties

Property subtype

Retail residential properties

APN

48-41-17-07-0210

APU

484117070210

Description

This exceptional investment opportunity presents a 15-unit office building located at 11030 Wiles Road, Coral Springs, Florida, 33076. The property, built in 1977, boasts a strategic location and ample parking. The building's second floor comprises approximately 6800 square feet and currently houses a unique mix of tenants. One section is occupied by a house of worship featuring two sanctuaries, a banquet hall, a green room, and a recording studio. Adjacent to this is a state-of-the-art radio station. The second floor also includes additional office spaces. A private elevator provides convenient access to the second floor. The asking price for this multi-tenant property is $4,500,000. Existing tenants are currently in place within the building on the second floor. The lot size is not specified. This property offers a compelling blend of established income and significant potential for future growth in a highly desirable Coral Springs location. The unique configuration of the second floor presents a rare opportunity for a diverse range of investors and business owners. This is a chance to acquire a well-situated, multi-use commercial property with established tenants and significant square footage.

• CAP approach

  CAP return

  Valuation

  6%

  $3,992,878

  6.5%

  $3,685,734

  7%

  $3,422,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,027,646

  Geo Method

  $4,027,646

• Alternative Use

  Use

  Valuation

  Residential

  $3,685,734

  Hospitality

  $3,376,113

  Educational

  $2,808,886

  Medical

  $2,905,488

  Retail

  $4,369,378

Location Insight

City

Coral Springs

County

Broward

State

Florida

Latitude

26.2868

Longitude

-80.2737

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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