Freestanding Ambulatory Surgery
51 South Le Jeune Road Miami, FL 33134
For Sale
Contact for pricing
Two-story freestanding healthcare building with an ambulatory surgery center buildout and direct road frontage.
Property Size10,000 SF
Price / SF$500
Days on Market26
Property Features for 51 South Le Jeune Road
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1962
Listing Agency:
Blanca Commercial Real Estate, Inc.
(954) 336-9287
Listed By:
Cary Cohen · License #FL SL3069720
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blanca Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
51 S. Le Jeune Road is a two-story freestanding building with an ambulatory surgery center (ASC) buildout. Designed as a high-barrier-to-entry healthcare asset, it presents an immediately relevant environment for an owner-user or operator seeking ASC capability.
The property offers direct frontage on S Le Jeune Road for exposure and includes direct access to the Dolphin Expressway (SR-836). It is directly adjacent to a hotel and located minutes from Miami International Airport.
With its freestanding configuration and ASC improvements already in place, the building supports healthcare use and may also be positioned for other service-oriented or commercial purposes, subject to applicable approvals.
The property offers direct frontage on S Le Jeune Road for exposure and includes direct access to the Dolphin Expressway (SR-836). It is directly adjacent to a hotel and located minutes from Miami International Airport.
With its freestanding configuration and ASC improvements already in place, the building supports healthcare use and may also be positioned for other service-oriented or commercial purposes, subject to applicable approvals.
Key Highlights
- Two‑story freestanding building with a rare ambulatory surgery center (ASC) buildout
- Approximately 10,000 SF healthcare property built in 1962
- Direct frontage on S Le Jeune Road with exposure to about 43,500 vehicles per day
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $450.0k | $45.00 |
| − Vacancy | −$67.5k | −$6.75 |
| EGI | $382.5k | $38.25 |
| − OpEx | −$95.6k | −$9.56 |
| NOI | $286.9k | $28.69 |
10,000 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.10M
$3.59M – $4.78M
NOI $286,875 @ 7.0% cap · market cap 5.74%
Second Best
Healthcare Medical
$2.37M
$2.07M – $2.76M
NOI $165,600 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,505 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical centers
FAQs
What type of property is this?
Medical center - Two-story freestanding healthcare building with an ambulatory surgery center buildout and direct road frontage.
Where is this medical center located?
The property is located at 51 South Le Jeune Road Miami, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two‑story freestanding building with a rare ambulatory surgery center (ASC) buildout; Approximately 10,000 SF healthcare property built in 1962; Direct frontage on S Le Jeune Road with exposure to about 43,500 vehicles per day
