Office Building for
For Sale
$1,000,000
1029 Sarno Road, Melbourne, FL 32935
Office building for sale in Melbourne, FL, with 2,700 total square feet.
Property Size2,700 SF
Price / SF$370.37
Days on Market85
Property Features for 1029 Sarno Road
General Information
Standard status
Active
Size
2,700 SF
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Shane Burgman
(321) 499-2969
Source:
Startbrevardsearch
Added: Jul 17
Changed: Sep 11
Last Checked: Oct 7 at 11:52AM
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
Estimated NOI and Cap Rate
NOI / Yr
$36,742
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,840
$734.8K
Cap Rate 7%
$524,886
$524.9K
Cap Rate 9%
$408,244
$408.2K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$58.3K $21.60/SF
− Vacancy
−$9.3K −$3.46/SF
EGI
$49.0K $18.14/SF
− OpEx
−$12.2K −$4.54/SF
NOI
$36.7K $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%
$734,840
Cap Rate 7%
$524,886
Cap Rate 9%
$408,244
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
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
