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Property profile & analytics
OFF-MARKET
Turn key restaurants
12500 88th St, Miami, FL 33186-1817
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3056635
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1986
Construction
CONCRETE
Total area
5,355 SF
Lot
0.11 ac (4,605 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-5901-008-0040
UPID
US18-3056635
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
-
Shops of Kendall Shopping Center & Mall
-
Iceberg Rolls Grocery & Convenience Store Specialty Food Shop
-
digital web geeks Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kosoy Kendall Associates LLC · 21 yrs held
Kosoy Kendall Associates LLC
since 2004
2 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · 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
—
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
$11,214
Tax year 2023
Assessed value
$657,529
Assessed 2023
Previous assessed
$664,512
-1.1% YoY
Effective rate
1.71%
On assessed value
Assessed land
$207,225
Assessed improvement
$450,304
Land market value
$207,225
Improvement market value
$450,304
Total market value
$657,529
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,355 SF
Lot
0.11 ac (4,605 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-5901-008-0040
UPID
US18-3056635
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kosoy Kendall Associates LLC
Entity
Mailing address
302 DATURA ST STE #100, WEST PALM BCH, FL 33401-5481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2016
—
Kosoy Kendall Associates LLC
—
Deed
related
$16,000,000 · Td Bank NA
Oct 26, 2004
—
Kosoy Kendall Associates LLC
Kosoy,a D
Quit Claim Deed
related
$2,350,000 · Bank Of America
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.
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