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Property profile & analytics
OFF-MARKET
Estimated value
$51,560,000
Hospitals
8900 Kendall Dr Miami, FL 33176-2118
Entity Owned
Free & Clear
Property ID
US18-3424499
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1959
Construction
CONCRETE
Total area
179,718 SF
Lot
48.17 ac (2,098,465 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-5004-000-0060
UPID
US18-3424499
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
-
Baptist Hospital Physician
-
South Miami Otho Hospital Hospital
-
Hospital tia Hospital
-
Baptist Hospital of Miami: Marchant Jeffrey MD Physician
-
Dr. Leon Adler, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$51.56M
Owner & transaction history
MIAMI BAPTIST HOSP INC
MIAMI BAPTIST HOSP INC
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,600,000
6.5%
$45,785,000
7%
$42,515,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$78,930,000
Current use
OFFICE BUILDING
$63,980,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$51.56M
Range $46.40M – $56.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$287 / 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
Assessed value
$141,665,784
Assessed 2023
Previous assessed
$128,566,696
+10.2% YoY
Assessed land
$31,480,370
Assessed improvement
$110,185,414
Land market value
$31,480,370
Improvement market value
$110,185,414
Total market value
$141,665,784
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
15
Stories
5
Bathrooms
308
Total area
179,718 SF
Lot
48.17 ac (2,098,465 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-5004-000-0060
UPID
US18-3424499
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Miami, FL
Zoning 5000:HOTELS&MOTELS-GEN · permitted uses
5000:HOTELS&MOTELS-GEN · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$78.9M
OFFICE BUILDING
Est. value
$64.0M
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
15
Bathrooms
308
Lot
48.17 ac
Current owner
From public records · entity-resolved
MIAMI BAPTIST HOSP INC
Entity
Free & Clear · 0 yrs held
Mailing address
8900 N KENDALL DR, MIAMI, FL 33176-2118
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.
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