Office Unit with Open
For Sale
Contact for pricing
1600 Sarno Road #217, Melbourne, FL 32935
An updated restroom and elevator access serve this second-floor commercial space.
Property Size65,260 SF
Price / SF$0.02
Days on Market62
Property Features for 1600 Sarno Road #217
General Information
Standard status
Active
Size
65,260 SF
Elevators
Yes
Property subtype
Mixed Use
Additional Details
Floor
Second Floor
Amenities
updated restroom
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 31
Changed: Oct 30
Last Checked: Oct 29 at 2:17PM
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 second floor, this office unit offers an open floorplan and an updated restroom. Elevator access connects the space to the building’s other levels, and a large parking lot serves the property.
The building was constructed in 1986 and is at 1600 Sarno Road in Melbourne, Florida.
The building was constructed in 1986 and is at 1600 Sarno Road in Melbourne, Florida.
Key Highlights
- 65260 square feet
- Second‑floor office unit with an open floorplan
- Updated restroom
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 71,044.64%
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 96,417.76%
Zoning and permitted uses should be independently verified with authorities.
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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 - An updated restroom and elevator access serve this second-floor commercial space.
Where is this office unit located?
The property is located at 1600 Sarno Road #217 Melbourne, FL.
What are key features of this property?
This property features: 65260 square feet; Second‑floor office unit with an open floorplan; Updated restroom
