Professional Office
For Sale
Contact for pricing
1116 Sarno Road #B, Melbourne, FL 32935
Suite B is suited to professional and service-based operations, including medical, legal, accounting, and administrative practices.
Property Size2,500 SF
Price / SF$1.00
Days on Market54
Property Features for 1116 Sarno Road #B
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Building Details
Year Built
1958
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Sep 7
Changed: Oct 29
Last Checked: Oct 29 at 2:50PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Office space in Suite B is positioned for professional and service-based operations, with potential applications including healthcare, legal, accounting, consulting, and education. The property was built in 1958.
Located at 1116 Sarno Road in Melbourne, the unit is identified as #B.
Located at 1116 Sarno Road in Melbourne, the unit is identified as #B.
Key Highlights
- Suite B at 1116 Sarno Road, Melbourne, FL 32935
- Built in 1958
- Use examples include healthcare, legal, accounting, consulting, and education
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,400
$680.4K
Cap Rate 7%
$486,000
$486.0K
Cap Rate 9%
$378,000
$378.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$8.6K −$3.46/SF
EGI
$45.4K $18.14/SF
− OpEx
−$11.3K −$4.54/SF
NOI
$34.0K $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%
$680,400
Cap Rate 7%
$486,000
Cap Rate 9%
$378,000
Alternative Uses
Best Use
Office B
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 1,360.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.6K
$577.1K – $769.5K
NOI $46,170 @ 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 - Suite B is suited to professional and service-based operations, including medical, legal, accounting, and administrative practices.
Where is this office unit located?
The property is located at 1116 Sarno Road #B Melbourne, FL.
What are key features of this property?
This property features: Suite B at 1116 Sarno Road, Melbourne, FL 32935; Built in 1958; Use examples include healthcare, legal, accounting, consulting, and education
