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Financial
Distress signals
Property profile

11190 SW 88Th St Miami, FL 33176

FOR SALE
Outlet malls
Property ID
US18-4099958
11,176 SF 0.74 ac lot Built 2005
Last sale Mar 2024 · $4,645,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens located at 11190 SW 88th St, Miami, FL 33176. The 11,176 square foot property, built in 2005, sits on a 0.74-acre lot and boasts 40 parking spaces. Currently operating under a 100% occupancy, absolute NNN lease with Walgreens, the property offers a substantial NOI of $360,000, translating to a 5.00% cap rate. The lease, with a corporate guarantee, includes four 5-year renewal options and features 5% rent…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value$3.80M
Assessed land$1.55M
Assessed improvement$2.26M
Effective rate1.31%

Value estimate

· Oct 2026
$4.65M
$4.18M – $5.11M
AI approach$4.65M
CAP approach$5.61M
NOI build-up
Gross scheduled income$715k
Vacancy & credit loss−$11k
Operating expenses−$176k
NOI · 8.80% cap applied$528k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$572/SF
Submarket average, outlier-cleaned · 997 recorded sales of this use type
Observed band · Q1–Q3$282 – $1,169
Qualifying comparables7

Cap rate analysis

How does the asset earn?
8.80%
$528k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6200:COMMERCIAL,ARTERIAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop29.1
Building Supply27.5
Kitchen & Bath20.1

Location

11190 SW 88Th St Miami, FL 33176
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8897 129th, Miami, FL 33176-5905 $2,300,000 Jun 2025 9,040 SF
14241 Dixie, Palmetto Bay, FL 33176-7224 $8,092,000 Aug 2022 4,075 SF
14231 Dixie, Palmetto Bay, FL 33176-7224 $8,092,000 Aug 2022 3,548 SF
11531 Kendall, Miami, FL 33176-1002 $32,712,700 Jul 2022 62,414 SF
10832 104th, Miami, FL 33176-3325 $1,018,500 Nov 2020 3,080 SF
12884 87th, Miami, FL 33176-5936 $300,000 Sep 2020 3,102 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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