Executive Office
For Sale
Contact for pricing
1600 Sarno Road #119f, Melbourne, FL 32935
First-floor space offers a shared entry, waiting area, and common restrooms for office or supply-center use.
Property Size65,260 SF
Price / SF$0.01
Days on Market92
Property Features for 1600 Sarno Road #119f
General Information
Standard status
Active
Size
65,260 SF
Property subtype
Office
Additional Details
Floor
First Floor
Property Use
Executive Suites
Building Details
Year Built
1986
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Aug 1
Changed: Oct 29
Last Checked: Oct 29 at 2:44PM
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.
Located on the first floor of Building C, this executive suite is suited to office or supply-center use. The layout includes a common entrance and waiting area, with shared men’s and women’s restrooms serving the suite.
The building at 1600 Sarno Road was constructed in 1986. The suite is identified as unit 119F.
The building at 1600 Sarno Road was constructed in 1986. The suite is identified as unit 119F.
Key Highlights
- First‑floor executive suite in Building C
- Common entrance and waiting area
- Shared men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$888,058
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,761,160
$17.8M
Cap Rate 7%
$12,686,543
$12.7M
Cap Rate 9%
$9,867,311
$9.9M
Market Conditions
NOI Build-Up for 65,260 SF
Gross rent
$1.41M $21.60/SF
− Vacancy
−$225.5K −$3.46/SF
EGI
$1.18M $18.14/SF
− OpEx
−$296.0K −$4.54/SF
NOI
$888.1K $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%
$17,761,160
Cap Rate 7%
$12,686,543
Cap Rate 9%
$9,867,311
Alternative Uses
Best Use
Office B
$12.69M
$11.10M – $14.80M
NOI $888,058 @ 7.0% cap · market cap 153,909.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.22M
$15.07M – $20.09M
NOI $1,205,222 @ 7.0% cap · market cap 208,877.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
436
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 - First-floor space offers a shared entry, waiting area, and common restrooms for office or supply-center use.
Where is this office unit located?
The property is located at 1600 Sarno Road #119f Melbourne, FL.
What are key features of this property?
This property features: First‑floor executive suite in Building C; Common entrance and waiting area; Shared men’s and women’s restrooms
