10950 Wiles RdCoral Springs, FL 33076

Property Details for 10950 Wiles Rd

Year built

1964

Construction

CONCRETE

Lot size

0.81 AC

Property size (Sq ft)

2,859 SF

Zone code

B-3

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,006,250

  6.5%

  $928,846

  7%

  $862,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,392,016

  Geo Method

  $1,392,016

• Alternative Use

  Use

  Valuation

  Residential

  $783,517

  Hospitality

  $717,697

  Educational

  $597,115

  Medical

  $617,651

  Retail

  $928,846

Location Insight

City

Coral Springs

County

Broward

State

Florida

Latitude

26.2868

Longitude

-80.2726

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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