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    7600 Kendall Dr Miami, FL 33156-7610
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    Property profile & analytics

    7600 Kendall Dr, Miami, FL 33156-7610

    View on Map
    • Hotels
    • 58,849 SF
    • 1.52 lot acres
    Off-Market
    Last Sale May 19, 2022
    $16,100,000
    Property ID
    US18-3467670
    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.
    Value Estimations
    $14,770,000
    Show details
    Cap Rate Potential
    2.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotel Marriot Orlando / Hotel & Motel
    • Aloft Miami Dadeland / Hotel & Motel

    Property Details for 7600 Kendall Dr

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    1.52 lot acres
    Zone code
    5000:HOTELS&MOTELS-GEN
    Property type
    Hotels
    APN
    30-5002-000-0560
    APU
    3050020000560

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 19, 2022 — Miami Dadeland Hotel LLC Ic Miami Dadeland LLC Quit Claim Deed · related —
    May 19, 2022 $16,100,000 Miami Dadeland Hotel LLC Joel Murovitz With B Riley Financia Receivers Deed $9.8M · Firstbank Puerto Rico
    Jun 26, 2019 — Ic-miami Dadeland LLC — Loan Modification · related $15.1M · Sshcof II Miami
    Jun 22, 2015 $18,625,000 Ic-miami Dadeland LLC Crp Of Cardel Dadeland Hotel LLC Grant Deed —
    May 1, 2007 $11,500,000 Record Owner Owner,record Grant Deed · related —
    — — Cpl Investments INC — Deed Of Trust · related $100k · Security Life Of Denver Ins Co
    — — Ic-miami Dadeland LLC — Loan Modification · related $8.5M · Emigrant Rlty Fin

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,530,000
      ML approach
      $10,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.319
    Latitude
    25.6878
    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
    $224,091
    $3,640,230
    $10,959,770
    $14,600,000
    -
    $3,640,230
    $10,959,770
    $14,600,000

    Comparable in this City

    • Value Estimation
      $8,095,000
      75,611 SF

      9075 Dadeland Blvd

      HOTEL
      9075 Dadeland Blvd, Miami, FL 33156-7802
      View Details
    • Value Estimation
      $13,340,000
      120,531 SF

      7695 Kendall Dr

      HOTEL
      7695 Kendall Dr, Miami, FL 33156-7609
      View Details
    • Value Estimation
      $35,355,000
      336,984 SF

      9090 Dadeland Blvd

      HOTEL/MOTEL
      9090 Dadeland Blvd, Miami, FL 33156-7820
      View Details
    • Value Estimation by Request

      11921 Dixie Hwy

      Office Spaces
      11921 Dixie Hwy, Pinecrest, FL 33156
      View Details
    • Value Estimation by Request
      15,343 SF

      9100 Dadeland Blvd

      Office Units
      9100 Dadeland Blvd, Kendall, FL 33156
      View Details
    • Value Estimation
      $555,000
      0.90 Acres

      Miami, FL 33156

      VACANT COMMERCIAL LAND
      Miami, FL 33156
      View Details

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      Retail Property in Pinecrest, Florida

      Retail property for sale in Pinecrest, Florida.
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      Renovated Office Building Near Dadeland

      Office building with modern renovations and convenient access to amenities.
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      3,098 SF

      Office Space with On-Site Amenities

      Office space with hotel, bank, and car wash on-site.
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      View Details
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      128,871 SF

      Kendall I Plaza Office Space

      128,871 SF Office, Prime Location
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    • $0.24 SF/Yr
      78,517 SF

      Pinecrest Office Building For Sale

      Prime Pinecrest Office, High Visibility
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      5,321 SF

      First Floor Professional Office Space

      Centrally located office space with included utilities and parking.
      9480 SW 77Th Ave, Miami, FL 33156
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    • Contact for pricing

      Dadeland

      Discover many ways to work your way in Dadeland
      9100 Dadeland Blvd, Miami, FL 33156
      View Details
    • Contact for pricing
      494 SF

      Pinecrest Office Space For Rent

      Office space available in Pinecrest with ample free parking.
      9655 S Dixie Hwy, Pinecrest, FL 33156
      View Details
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    Miami, FL 33156-7610
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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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