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

    12500 88Th St Miami, FL 33186

    • Turn key restaurants
    • 5,355 SF
    • 0.11 lot acres
    For Lease
    View listing
    Value Estimations
    $350,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3056635
    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

    • Shops of Kendall / Shopping Mall
    • Iceberg Rolls / Ice Cream Shop
    • digital web geeks / Website Designer

    Property Details for 12500 88Th St

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    5,355 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Turn key restaurants
    APN
    30-5901-008-0040
    APU
    3059010080040

    Description

    Shops of Kendall, located at 12500 SW 88th St, Miami, FL 33186, offers exceptional retail and office space in a recently renovated, grocery-anchored shopping center. This Miami-Dade County property boasts a total of 99,462 square feet, with 13,686 square feet currently vacant and available for lease. Units range from a minimum of 900 square feet to a maximum contiguous space of 3,317 square feet, providing flexibility for various business needs. The center enjoys excellent visibility and accessibility from North Kendall Drive, a major retail thoroughfare. Its strategic location benefits from easy access via the Florida Turnpike, Palmetto Expressway, and South Dade Expressway, all with full interchange exits on North Kendall Drive. The property serves a substantial population, with over 194,000 people residing within a 3-mile radius. Seven parking spaces are available on-site. The property type includes retail, office, and restaurant spaces, suitable for multiple tenants. This is a prime opportunity for businesses seeking high visibility and convenient access in a thriving Miami location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $429,000
      Market price range: $430k - $1.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3983
    Latitude
    25.6856
    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
    $11,214
    $207,225
    $450,304
    $657,529
    -
    $207,225
    $450,304
    $657,529

    Comparable in this City

    • Value Estimation
      $285,000
      8,621 SF

      12295 88th St

      RESTAURANT • 8,621 SF
      12295 88th St, Miami, FL 33186-1901
      View Details
    • Value Estimation
      $295,000
      3,506 SF

      12566 120th St

      RESTAURANT • 3,506 SF
      12566 120th St, Miami, FL 33186-9041
      View Details
    • Value Estimation
      $380,000
      3,230 SF

      12198 117th Ave

      RESTAURANT • 3,230 SF
      12198 117th Ave, Miami, FL 33186-5206
      View Details
    • Value Estimation
      $425,000
      3,429 SF

      13890 88th St

      RESTAURANT • 3,429 SF
      13890 88th St, Miami, FL 33186-1304
      View Details
    • Value Estimation
      $275,000
      2,226 SF

      11790 88th St

      RESTAURANT • 2,226 SF
      11790 88th St, Miami, FL 33186-2102
      View Details
    • Value Estimation
      $445,000
      5,943 SF

      11900 88th St

      RESTAURANT • 5,943 SF
      11900 88th St, Miami, FL 33186-2010
      View Details

    Similar Nearby for Sale

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      Miami Coffee Shop Opportunity

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    • $275,000

      Turnkey Arabic Restaurant For Sale

      Fully equipped Arabic restaurant in high-traffic Kendall Drive location.
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    • $120,000

      Established Businesses in Kendall, FL

      Two established businesses under one roof since 2012.
      Cafeteria + Mechanic & Tire Shop For Sale — 2 Businesses In 1, Kendall, FL 33186
      View Details
    • Contact for pricing

      Miami Restaurant with Commercial Kitchen

      Restaurant with commercial kitchen and beer and wine license.
      Spanish Restaurant For Sale In Kendall, Miami, FL 33186
      View Details
    • $180,000

      Prime Miami Restaurant/Bar for Sale

      Established Colombian eatery, turnkey operation.
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    • $379,000

      Prime Miami Restaurant for Sale

      Established Eatery, High Sales, Great Lease
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    Similar Nearby for Lease

    • Contact for pricing
      293,001 SF

      Kendale Lakes Plaza Retail Space

      Prime Miami Retail Space Available
      0 137Th Ave, Miami, FL 33186
      View Details
    • Contact for pricing
      99,462 SF

      Shops of Kendall: Prime Retail Space

      Miami retail/office suites, excellent visibility.
      12500 88Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      West Kendall Retail and Office

      Multi-use property with retail and office space available for lease.
      13630 120Th St, Miami, FL 33186
      View Details
    • Contact for pricing
      8,690 SF

      Kendale Lakes Plaza Retail Space

      Retail space available in a 293,001 square foot shopping center.
      13835 Sw 88Th St, Miami, FL 33186
      View Details
    • Contact for pricing
      900 SF

      Grocery-Anchored Shopping Center Retail Space

      Recently renovated retail space in a grocery-anchored shopping center.
      12528-12690 SW 88Th St, Miami, FL 33186
      View Details
    • $45 SF/Yr

      Move-In Ready Retail Space Available

      Second-generation retail space with excellent visibility and accessibility.
      11700 SW 104Th St, Miami, FL 33186
      View Details
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    12500 88Th St
    Miami, FL 33186
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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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