Office Unit with Flexible
For Sale
Contact for pricing
1116 Sarno Road A, Melbourne, FL 32935
Adaptable professional space supports office, healthcare, and other service-based business operations.
Property Size1,500 SF
Price / SF$1.00
Days on Market50
Property Features for 1116 Sarno Road A
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
Pinnacle Realty
(786) 631-5815
Listed By:
Janet Regalado · License #3401491
(305) 301-8102
Source:
Startbrevardsearch
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 8:19AM
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 Pinnacle Realty
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit provides a flexible configuration that can be adapted for professional and service-oriented operations. The space is suited to office-based businesses, healthcare services, insurance, accounting, legal work, consulting, administrative functions, therapy, and education.
Located at 1116 Sarno Road, A, in Melbourne, the property offers access intended to accommodate both customers and staff. Its professional setting can serve an established business or a growing company seeking dedicated office space.
Located at 1116 Sarno Road, A, in Melbourne, the property offers access intended to accommodate both customers and staff. Its professional setting can serve an established business or a growing company seeking dedicated office space.
Key Highlights
- 1,500‑square‑foot office unit
- Flexible interior layout adaptable to business requirements
- Suitable for professional offices, healthcare, insurance, accounting, legal, consulting, and administrative uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,412
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
$408.2K
Cap Rate 7%
$291,600
$291.6K
Cap Rate 9%
$226,800
$226.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$5.2K −$3.46/SF
EGI
$27.2K $18.14/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
Cap Rate 7%
$291,600
Cap Rate 9%
$226,800
Alternative Uses
Best Use
Office B
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 1,360.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 1,846.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
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Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Adaptable professional space supports office, healthcare, and other service-based business operations.
Where is this office unit located?
The property is located at 1116 Sarno Road A Melbourne, FL.
What are key features of this property?
This property features: 1,500‑square‑foot office unit; Flexible interior layout adaptable to business requirements; Suitable for professional offices, healthcare, insurance, accounting, legal, consulting, and administrative uses
