First-Floor Mixed-Use
For Sale
Contact for pricing
1600 Sarno Road #119-H, Melbourne, FL 32935
A two-room suite offers a compact layout for office work or supply storage.
Property Size65,260 SF
Price / SF$0.01
Days on Market215
Property Features for 1600 Sarno Road #119-H
General Information
Standard status
Active
Size
65,260 SF
Property subtype
Mixed Use
Additional Details
Floor
First Floor
Building Details
Year Built
1986
Listing Agency:
D. Basile Real Estate, LLC
(321) 751-4500
Listed By:
Renee Andrea Rader · License #3425937
(321) 266-5767
Source:
Mccoyfreeman
Added: Mar 30
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
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 D. Basile Real Estate, LLC
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Investment Insights
Based on property information with market context.
This first-floor, two-room suite is in Building C and measures 65,260 square feet. The source identifies office work and supply storage as suitable functions for the space. The building dates to 1986.
Key Highlights
- Two‑room suite on the first floor
- Located in Building C
- Building constructed in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$757,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,143,580
$15.1M
Cap Rate 7%
$10,816,843
$10.8M
Cap Rate 9%
$8,413,100
$8.4M
Market Conditions
NOI Build-Up for 65,260 SF
Gross rent
$1.33M $20.40/SF
− Vacancy
−$119.8K −$1.84/SF
EGI
$1.21M $18.56/SF
− OpEx
−$454.3K −$6.96/SF
NOI
$757.2K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,143,580
Cap Rate 7%
$10,816,843
Cap Rate 9%
$8,413,100
Alternative Uses
Best Use
Office B
$12.69M
$11.10M – $14.80M
NOI $888,058 @ 7.0% cap · market cap 236,815.47%
Second Best
Mixed Use
$10.82M
$9.46M – $12.62M
NOI $757,179 @ 7.0% cap · market cap 201,914.40%
Theoretical Best
Office A
$17.22M
$15.07M – $20.09M
NOI $1,205,222 @ 7.0% cap · market cap 321,392.53%
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?
Mixed-use property - A two-room suite offers a compact layout for office work or supply storage.
Where is this mixed-use property located?
The property is located at 1600 Sarno Road #119-H Melbourne, FL.
What are key features of this property?
This property features: Two‑room suite on the first floor; Located in Building C; Building constructed in 1986
