Office Suite with Reception
For Sale
Contact for pricing
1600 Sarno Road #8, Melbourne, FL 32935
Four offices are complemented by a waiting room and a dedicated reception area.
Property Size65,260 SF
Price / SF$0.03
Days on Market216
Property Features for 1600 Sarno Road #8
General Information
Standard status
Active
Size
65,260 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
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: Mar 30
Changed: Oct 29
Last Checked: Oct 29 at 2:31PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit includes four offices, a reception area, a waiting room, and one bathroom. The building dates to 1986.
The property is in Melbourne, north of the Central Business District, with Melbourne International Airport 2 miles away and 1-95 5 miles away.
The property is in Melbourne, north of the Central Business District, with Melbourne International Airport 2 miles away and 1-95 5 miles away.
Key Highlights
- Four offices, a reception area, a waiting room, and one bathroom
- 2 miles from Melbourne International Airport
- 5 miles from 1‑95
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 51,481.62%
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 69,867.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
436
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four offices are complemented by a waiting room and a dedicated reception area.
Where is this office unit located?
The property is located at 1600 Sarno Road #8 Melbourne, FL.
What are key features of this property?
This property features: Four offices, a reception area, a waiting room, and one bathroom; 2 miles from Melbourne International Airport; 5 miles from 1‑95
