Two-Story Office
951 S Le Jeune Rd, Miami, FL 33134
For Sale
Contact for pricing
A flexible office property with a layout suited to office or medical use and surface parking on site.
Property Size10,674 SF
Lot Size0.35 Acres
Price / SF$585.53
Days on Market27
Property Features for 951 S Le Jeune Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Lee & Associates | Miami
(305) 235-1500
Listed By:
Bert Checa · License ##SL3085421
(786) 473-9227
Source:
Moodyscre
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 8 at 4:43AM
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 Lee & Associates | Miami
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Investment Insights
Based on property information with market context.
The two-story office building contains ±10,674 SF on a ±15,100 SF site. Its flexible layout can accommodate office or medical occupancy, and the property includes 30 surface parking spaces.
The site fronts S Le Jeune Road, with exposure to approximately 34,000 vehicles per day. Miami International Airport and Blue Lagoon are minutes away; Coral Gables, Brickell, Downtown Miami, and Miami Freedom Park are also nearby.
The site fronts S Le Jeune Road, with exposure to approximately 34,000 vehicles per day. Miami International Airport and Blue Lagoon are minutes away; Coral Gables, Brickell, Downtown Miami, and Miami Freedom Park are also nearby.
Key Highlights
- ±10,674 SF office and medical office building
- Two‑story building on a ±15,100 SF site
- 30 on‑site surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,210
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,124,200
$6.1M
Cap Rate 7%
$4,374,429
$4.4M
Cap Rate 9%
$3,402,333
$3.4M
Market Conditions
NOI Build-Up for 10,674 SF
Gross rent
$480.3K $45.00/SF
− Vacancy
−$72.0K −$6.75/SF
EGI
$408.3K $38.25/SF
− OpEx
−$102.1K −$9.56/SF
NOI
$306.2K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,124,200
Cap Rate 7%
$4,374,429
Cap Rate 9%
$3,402,333
Alternative Uses
Best Use
Office B
$4.37M
$3.83M – $5.10M
NOI $306,210 @ 7.0% cap · market cap 4.90%
Second Best
Healthcare Medical
$2.53M
$2.21M – $2.95M
NOI $176,761 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$7.21M
$6.30M – $8.41M
NOI $504,351 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,360
Businesses Nearby
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Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Miami, FL
Properties on Market for Office buildings in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - A flexible office property with a layout suited to office or medical use and surface parking on site.
Where is this office building located?
The property is located at 951 S Le Jeune Rd Miami, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: ±10,674 SF office and medical office building; Two‑story building on a ±15,100 SF site; 30 on‑site surface parking spaces
