Open-Concept Office
For Sale
Contact for pricing
2226 Sarno Road #107, Melbourne, FL 32935
Updated finishes and flooring support a ready-to-use workspace.
Property Size139,984 SF
Price / SF$0.02
Days on Market47
Property Features for 2226 Sarno Road #107
General Information
Standard status
Active
Size
139,984 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1962
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 29 at 2:54PM
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
Ask AI about this property
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 features an open-concept layout suited to meetings and private offices, along with updated flooring and finishes. The building dates to 1962.
Located on Sarno Road in Melbourne, the property offers access to US-1, I-95, and the beachside area. Electric, water, common-area janitorial service, and A/C maintenance are included in rent.
Located on Sarno Road in Melbourne, the property offers access to US-1, I-95, and the beachside area. Electric, water, common-area janitorial service, and A/C maintenance are included in rent.
Key Highlights
- Open‑concept configuration accommodates meeting space and private offices
- Updated finishes and flooring
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,904,902
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,098,040
$38.1M
Cap Rate 7%
$27,212,886
$27.2M
Cap Rate 9%
$21,165,578
$21.2M
Market Conditions
NOI Build-Up for 139,984 SF
Gross rent
$3.02M $21.60/SF
− Vacancy
−$483.8K −$3.46/SF
EGI
$2.54M $18.14/SF
− OpEx
−$635.0K −$4.54/SF
NOI
$1.90M $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%
$38,098,040
Cap Rate 7%
$27,212,886
Cap Rate 9%
$21,165,578
Alternative Uses
Best Use
Office B
$27.21M
$23.81M – $31.75M
NOI $1,904,902 @ 7.0% cap · market cap 83,953.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.93M
$32.32M – $43.09M
NOI $2,585,225 @ 7.0% cap · market cap 113,936.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
706
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Updated finishes and flooring support a ready-to-use workspace.
Where is this office unit located?
The property is located at 2226 Sarno Road #107 Melbourne, FL.
What are key features of this property?
This property features: Open‑concept configuration accommodates meeting space and private offices; Updated finishes and flooring; Built in 1962
