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Property profile & analytics
OFF-MARKET
Estimated value
$18,245,000
Hospitals
11750 40th St Miami, FL 33175-3530
Entity Owned
Free & Clear
Property ID
US18-6235300
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1962
Total area
535,046 SF
Lot
15.3 ac (666,569 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4913-026-0010
UPID
US18-6235300
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
Current use
Occupant on record · Public records
-
Dr. Joseph Michienzi Physician Medical Clinic
-
Kendall Outpatient Rehab Medical Clinic
-
Kendall Regional Medical Center: Henriquez-Alba Jacobo MD Physician
-
Kendall Regional Medical Center: Galatas-Lauren Maria E MD Physician
-
Kendall Regional Medical Center: Day Glenda R MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.25M
Owner & transaction history
KENDALL HEALTHCARE GROUP COLUMBIA LAGRANGE HOSPITA
KENDALL HEALTHCARE GROUP COLUMBIA LAGRANGE HOSPITA
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
$2,169,986
Tax year 2023
Assessed value
$127,873,745
Assessed 2023
Previous assessed
$128,043,911
-0.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$15,997,656
Assessed improvement
$111,876,089
Land market value
$15,997,656
Improvement market value
$111,876,089
Total market value
$127,873,745
Applied tax rate
3,000.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1962
Cooling
AC.CHILLED WATER
Buildings
6
Stories
5
Total area
535,046 SF
Lot
15.3 ac (666,569 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4913-026-0010
UPID
US18-6235300
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Cooling
Yes
Stories
5
Buildings
6
Lot
15.3 ac
Current owner
From public records · entity-resolved
KENDALL HEALTHCARE GROUP COLUMBIA LAGRANGE HOSPITA
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1504, NASHVILLE, TN 37202-1504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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