Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9720 Kendall Dr Miami, FL 33176-1943

    • Outlet malls
    • 8,218 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $2,525,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3845674
    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

    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 9720 Kendall Dr

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.73 lot acres
    Property size
    8,218 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    30-5005-002-0160
    APU
    3050050020160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3528
    Latitude
    25.687
    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
    $36,687
    $1,716,552
    $547,874
    $2,264,426
    -
    $1,716,552
    $547,874
    $2,264,426

    Comparable in this City

    • Value Estimation
      $3,105,000
      9,928 SF

      13799 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,928 SF
      13799 Dixie Hwy, Palmetto Bay, FL 33176-7220
      View Details
    • Value Estimation
      $810,000
      1,800 SF

      14551 Carver Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 1,800 SF
      14551 Carver Dr, Miami, FL 33176-7321
      View Details
    • Value Estimation
      $1,210,000
      3,096 SF

      14121 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 3,096 SF
      14121 Dixie Hwy, Palmetto Bay, FL 33176-7223
      View Details
    • Value Estimation
      $7,585,000
      4,075 SF

      14241 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 4,075 SF
      14241 Dixie Hwy, Palmetto Bay, FL 33176-7224
      View Details
    • Value Estimation
      $1,355,000
      2,810 SF

      14795 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 2,810 SF
      14795 Dixie Hwy, Palmetto Bay, FL 33176-7927
      View Details
    • Value Estimation
      $1,565,000
      5,447 SF

      14321 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 5,447 SF
      14321 Dixie Hwy, Palmetto Bay, FL 33176-7225
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Pack and Ship Business

      Profitable pack and ship business with diverse revenue streams.
      8835 SW 107Th Ave, Kendall, FL 33176
      View Details
    • $6,747,000
      14 SF

      Walgreens Investment Property For Sale

      NNN leased Walgreens with over 14 years remaining in Homestead.
      23201 SW 112Th Ave, Miami, FL 33176
      View Details
    • $350,000

      Kendall Restaurant Business Opportunity

      Established Mexican restaurant for sale in Kendall, Florida.
      Kendall, FL 33176
      View Details
    • $1,250,000
      0.42 Acres

      Oversized Lots in Gated Subdivision

      Two shovel-ready lots in Miami, build up to 10,200 sqft.
      12601 SW 93Rd Ct, Miami, FL 33176
      View Details
    • $1,800,000
      1.59 Acres

      Killian Greens Residential Lot

      Prime 1.59-acre residential lot in Killian Greens area.
      9840 SW 104Th St, Miami, FL 33176
      View Details
    • $2,250,000
      1.15 Acres

      Rare Kendall Vacant Land Parcel

      1.15-acre vacant lot in the heart of Kendall, Miami.
      SW 93Rd St, Miami, FL 33176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Colonial Palms Plaza Retail Space

      Retail space in affluent Miami location with high traffic.
      13601 S Dixie Hwy, Miami, FL 33176
      View Details
    • Contact for pricing
      10,125 SF

      Retail Space on Kendall Drive

      Retail spaces available in high-traffic Miami shopping center.
      8805-8835 SW 107Th Ave, Miami, FL 33176
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in West Kendall

      Retail spaces available in West Kendall shopping center.
      12305-13550 SW 120Th St, Miami, FL 33176
      View Details
    • Contact for pricing

      Colonial Palms Plaza Retail Space

      Retail spaces available for lease in Colonial Palms Plaza.
      13601 S Dixie Hwy, Palmetto Bay, FL 33176
      View Details
    • $38 SF/Yr

      Prime Retail Space on Dixie

      Freestanding retail building with high visibility and dedicated parking.
      14331 S Dixie Hwy, Miami, FL 33176
      View Details
    • Contact for pricing
      56,876 SF

      Cutler Bay Flex/Warehouse Space

      Flex/warehouse space in Cutler Bay with frontage on 106th Ave.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9720 Kendall Dr
    Miami, FL 33176-1943
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!