2299 Sarno Rd, Melbourne, FL 32935
Small freestanding office building offering adaptable suite configurations plus a detached garage for storage or added income.
- Added:
- Sep 16, 2025
- Days on Market:
- 280
- Last Refresh:
- Jun 20 at 6:01 am
Property Features for 2299 Sarno Rd
General Information
- Standard status
- Active
- Size
- 1,429 SF
Listing agent Donald DeLucas (321) 223-5046
Listing office S & D Realty Exchange, Inc. (321) 223-5046
Listing date Sep 16, 2025
Source Exprealty
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HighLights
- Small freestanding office building with adaptable layout: two‑office suite configuration or one single larger office (1429 SF)
- Detached CBS garage (308 SF) for storage, work area, or possible additional rental income
- Metal roof installed in 2023
- 200 amp electric service upgrade completed in 2023
- PVC plumbing upgrade in 2024, plus new flooring
- A/C replaced in 2020; new damper system added in 2025
Overview
Recent improvements support day-to-day functionality. The metal roof was installed in 2023, and the electrical system received a 200-amp service upgrade in 2023. Plumbing was upgraded in 2024 with new flooring, and the A/C was replaced in 2020 with damper system updates in 2025. The space is currently vacant and is described as easy to show, with listing agent availability noted for scheduling.
For buyers, the configuration flexibility can suit different office user requirements, from separate team offices to a unified single-tenant arrangement. The detached garage adds practical space for equipment, overflow storage, or an optional secondary use consistent with small-area hobby, work, or storage needs. The seller also notes rental income potential in the available suite configuration, subject to buyer and tenant planning.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $21.60 |
| − Vacancy | −$4.9k | −$3.46 |
| EGI | $25.9k | $18.14 |
| − OpEx | −$6.5k | −$4.54 |
| NOI | $19.4k | $13.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.659117
- Latitude
- 28.1213935