Office Building for
1029 Sarno Road Melbourne, FL 32935
For Sale
$1,000,000
Office building for sale in Melbourne, FL, with 2,700 total square feet.
Property Size2,700 SF
Price / SF$370.37
Days on Market145
Property Features for 1029 Sarno Road
General Information
- Standard status
- Active
- Size
- 2,700 SF
Building Details
- Year Built
- 1969
Listing Agency:
Real Broker Llc
(321) 499-2969
Listed By:
Shane Burgman
(321) 499-2969
Source:
Evrealestate
Added: Feb 28
Changed: Jul 21
Last Checked: Jul 23 at 6:45AM
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 Real Broker Llc
Investment Insights
Based on property information with market context.
This for-sale office building includes a total of 2,700 square feet, and is presented as Office Units/Office Spaces under the broader commercial real estate category. The offering is listed at $1,000,000.
The property is located at 1029 Sarno Road in Melbourne, Florida (Brevard County).
No additional details are provided regarding unit mix, condition, or on-site features beyond the stated total size and office use.
The property is located at 1029 Sarno Road in Melbourne, Florida (Brevard County).
No additional details are provided regarding unit mix, condition, or on-site features beyond the stated total size and office use.
Key Highlights
- Office building for sale in Melbourne, FL with 2,700 total SF
- Built in 1969
- Central air conditioning with electric heating
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 | $58.3k | $21.60 |
| − Vacancy | −$9.3k | −$3.46 |
| EGI | $49.0k | $18.14 |
| − OpEx | −$12.2k | −$4.54 |
| NOI | $36.7k | $13.61 |
2,700 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$524.9K
$459.3K – $612.4K
NOI $36,742 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.3K
$623.3K – $831.1K
NOI $49,864 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
trueVETS Melbourne
Veterinary Clinic
FAQs
What type of property is this?
Office units - Office building for sale in Melbourne, FL, with 2,700 total square feet.
Where is this office units located?
The property is located at 1029 Sarno Road Melbourne, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Office building for sale in Melbourne, FL with 2,700 total SF; Built in 1969; Central air conditioning with electric heating
