Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2299 Sarno Rd Melbourne, FL 32935

    Sponsored
    For Sale
    $279,500

    COMMERCIAL - Melbourne, FL

    Type:Office
    Property size:
    1,429 SF
    Lot size:
    0.15 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 19 at 7:06 pm

    Property Features for 2299 Sarno Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    27-37-19-75-0000a.0-0018.00
    Parking features
    Parking Lot, Off Street
    Fencing
    Chain Link
    Size
    1,429 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Block, Concrete, Frame, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Donald DeLucas

    S&D Realty Exchange, Inc. (321) 242-9299 [email protected]

    Listing agent Donald DeLucas (321) 242-9299

    Listing date Jan 17, 2026

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Building with Flexible Zoning

    This commercial property, located in Melbourne, FL, features R/P zoning, offering flexibility for various business applications. The 1429 square foot building is suitable for a single user or an owner seeking rental income, as it contains two distinct suites with separate entrances and separate bathrooms. The suites can be easily combined to create a larger office space. A detached CBS garage, measuring 308 square feet and equipped with electricity, is included in addition to the building's square footage. The property has a metal roof installed in 2023, along with a 200 amp electric service upgrade in the same year. PVC plumbing was upgraded in 2024, along with new flooring. The A/C unit was replaced in 2020, and a new damper system is planned for 2025. The property is currently vacant and easy to show.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Chacana Spiritual Center Holistic Medicine Practitioner Brooks Law Office ... Attorney S&D Realty Exchange, ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.65912
    Latitude
    28.121383

    Nearby Similar for Sale

    • $757,997
      1,823 SF

      Historic Home in Arts District

      Restored 1928 home near Eau Gallie Arts District.
      1248 Highland Ave, Melbourne, FL 32935
      View Details
    • New
      $3,850,000
      13,765 SF

      Downtown Melbourne Commercial Building For Sale

      Premier 13,765 SF commercial building in vibrant downtown Melbourne.
      2015 Waverly Pl, Melbourne, FL 32901
      View Details
    • $2,849,000
      8,108 SF

      Two Office Buildings on US1

      Two office buildings on US1 in Melbourne, Florida for sale.
      525 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $489,000
      2.51 Acres

      Equestrian Estate with Six-Stall Barn

      2.5-acre equestrian estate featuring a six-stall barn and updated utilities.
      3900 Miami Ave, Melbourne, FL 32904
      View Details
    • $1,500,000
      4,948 SF

      Versatile Commercial Property in Melbourne

      Former nursing school suitable for educational, medical, or professional use.
      111 Scott St, Melbourne, FL 32901
      View Details
    • New
      $1,480,000
      Pending

      Melbourne Multifamily Investment Opportunity

      Eleven units near employers, beaches, mall, and airport.
      89 NW Irwin Ave, Melbourne, FL 32904
      View Details
    • $2,400,000
      8,034 SF

      Wickham Road Commercial Property

      Prime commercial property with high visibility and convenient access.
      580 S Wickham Rd, Melbourne, FL 32904
      View Details
    • $875,000
      4,070 SF

      Downtown Melbourne Commercial Opportunity

      Two-building commercial property in the heart of Downtown Melbourne.
      604 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $1,200,000
      7,402 SF

      Turnkey Restaurant Opportunity in Melbourne

      Well-known Italian restaurant with liquor license in premier shopping destination.
      6630 Colonnade Ave, Melbourne, FL 32940
      View Details
    • $599,000
      1,994 SF

      Medical/Professional Office Condo in Melbourne

      Upscale medical/professional/retail office condo in Brevard Medical City.
      6549 N Wickham Rd, Melbourne, FL 32940
      View Details
    • New
      $549,000
      1,400 SF

      Commercial Building on Highway Frontage

      1400 sq ft CBS building on thriving US Highway 1.
      2814 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • New
      $549,000
      1,500 SF

      Highway Frontage Retail Opportunity

      1500 sq ft building with highway frontage and parking.
      2814 S Harbor City Blvd, Melbourne, FL 32901
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with two suites and detached garage.
    Where is this office building located?
    The property is located at 2299 Sarno Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $279,500.
    What are key features of this property?
    This property features: - R/P zoning allows flexibility for business applications and potential rental income.; - Two distinct suites with separate entrances and bathrooms, easily combined into one larger office.; - Detached CBS garage (308 sf) with electric, in addition to building square footage.
    (321) 223-5046
    Request Owner's contact information
    2299 Sarno Rd Melbourne, FL 32935
    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.
    2299 Sarno Rd
    Melbourne, FL 32935
    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
    2299 Sarno Rd Melbourne, FL 32935
    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

    We can help!
    Listing Contact
    Donald DeLucas
    (321) 223-5046
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.