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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Hospitals
9198 8th Ave Miami, FL 33150-2004
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0245317
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1967
Construction
CONCRETE
Total area
1,666 SF
Lot
0.7 ac (30,344 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-3102-031-0011
UPID
US18-0245317
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
-
Holly Cortella Physician Medical Clinic
-
Zinnia Health Miami Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.38M
Owner & transaction history
Mrhc LLC · 3 yrs held
Mrhc LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+55.3%
Auto repair, garage
$1.1M
+51.0%
Retail stores
$955,000
+30.3%
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
$1,225,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,135,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.57M (Jan 25 2023)
Last sale anchor
$1.57M
Jan 25 2023
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
$828 / 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
$13,812
Tax year 2023
Assessed value
$803,055
Assessed 2023
Previous assessed
$810,021
-0.9% YoY
Effective rate
1.72%
On assessed value
Assessed land
$242,752
Assessed improvement
$560,303
Land market value
$242,752
Improvement market value
$560,303
Total market value
$803,055
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,666 SF
Lot
0.7 ac (30,344 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-3102-031-0011
UPID
US18-0245317
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
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Mrhc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 OLD MIDDLETOWN RD #201, PEARL RIVER, NY 10965-2637
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$1,571,100
Mrhc LLC
Airn LLC
Warranty Deed
—
Mar 16, 2013
$393,750
Airn LLC
Bayview Center Of Mental Health I
Warranty Deed
—
—
—
Isaac Aelion
—
Deed Of Trust
related
$350,000 · Ds Investment I LLC
—
—
Airn LLC|9202 LLC
—
Deed Of Trust
related
$4,750,000 · Isaac Aelion
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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