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

    11520 Kendall Dr Miami, FL 33176-1003

    • Hotels
    • 44,259 SF
    • 1.02 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2022
    $8,825,000
    Value Estimations
    $8,735,000
    Show details
    Cap Rate Potential
    3.9%
    Hotels
    Location Intelligence
    Property ID
    US18-6182651
    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

    • Hotels

    Property Details for 11520 Kendall Dr

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    1.02 lot acres
    Property size
    44,259 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Hotels
    APN
    30-5006-000-0592
    APU
    3050060000592

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,515,000
      ML approach
      $8,775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,706,000
      Market price range: $8.72M - $37.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3828
    Latitude
    25.6851
    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
    $110,852
    $2,130,192
    $4,369,808
    $6,500,000
    -
    $2,130,192
    $4,369,808
    $6,500,000

    Comparable in this City

    • Value Estimation
      $1,810,000
      30,883 SF

      14501 Dixie Hwy

      HOTEL • 30,883 SF
      14501 Dixie Hwy, Palmetto Bay, FL 33176-7925
      View Details
    • Value Estimation
      $9,420,000
      183,845 SF

      9100 Kendall Dr

      HOTEL • 183,845 SF
      9100 Kendall Dr, Miami, FL 33176-2121
      View Details
    • Value Estimation by Request

      11440 Lincoln Blvd

      Multifamily properties
      11440 Lincoln Blvd, Miami, FL 33176
      View Details
    • Value Estimation by Request
      2,120 SF

      11050 Kendall Dr

      Office Properties & Spaces • 2,120 SF
      11050 Kendall Dr, Miami, FL 33176
      View Details
    • Value Estimation
      $2,135,000
      27,008 SF

      10511 109th Ct

      REGIONAL SHOPPING CENTER, MALL • 27,008 SF
      10511 109th Ct, Miami, FL 33176-3308
      View Details
    • Value Estimation
      $4,725,000
      21,797 SF

      8841 132nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 21,797 SF
      8841 132nd St, Miami, FL 33176-5926
      View Details

    Similar Nearby for Sale

    • $300,000

      Miami Restaurant - Turnkey Opportunity

      Established Argentinian Restaurant, High Traffic Area
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    • $130,000

      Profitable Pack & Ship Business

      Established Kendall Business, Owner Financing Available
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    • $3,900,000

      Miami Multifamily Investment Opportunity

      12-Unit Apartment Complex, High ROI Potential
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    • Contact for pricing

      Spacious East Kendall Office Condo

      Furnished office condo in East Kendall with multiple offices.
      11120 N Kendall Dr, Miami, FL 33176
      View Details
    • New
      $650,000
      0.14 Acres

      Residential Lot in Kendall, Florida

      6,098 sq ft lot requiring variance for construction.
      128 Sw 128Th Ct, Kendall, FL 33176
      View Details
    • $2,250,000
      1.15 Acres

      Rare Kendall Vacant Land Parcel

      1.15-acre vacant lot in the heart of Kendall, Miami.
      SW 93Rd St, Miami, FL 33176
      View Details

    Similar Nearby for Lease

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      158,487 SF

      Hialeah Gardens Warehouse Space Available

      New warehouse space for lease in Hialeah Gardens, Florida.
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      View Details
    • Contact for pricing
      56,876 SF

      Cutler Bay Flex/Warehouse Space

      Flex/warehouse space in Cutler Bay with frontage on 106th Ave.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
      View Details
    • $1,950 /Mo

      Spacious Unit with Backyard

      Comfortable 2-bedroom unit with stainless steel appliances and backyard.
      14425 Booker T Washington Blvd, Miami, FL 33176
      View Details
    • $34 SF/Yr

      Kendall Office Space with Services

      Move-in ready office space in Kendall with all services included.
      11240 SW 88Th St, Miami, FL 33176
      View Details
    • $5,654 /Mo

      Renovated Medical Office Space

      Fully renovated medical office space available for lease in Miami.
      9380 SW 150Th St, Miami, FL 33176
      View Details
    • $420 /Mo
      8,978 SF

      Kendall Dr Office Space - 8,978 SF

      Prime Kendall office, single tenant, ample parking.
      9595 Kendall Dr, Miami, FL 33176
      View Details
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    11520 Kendall Dr
    Miami, FL 33176-1003
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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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