Office Units with Detached
For Sale
$259,500
2299 Sarno Road, Melbourne, FL 32935
Commercial Sale, Melbourne, FL
Property Size1,429 SF
Lot Size0.15 Acres
Price / SF$181.60
Days on Market389
Property Features for 2299 Sarno Road
General Information
Property type
Residential
Property subtype
Office
Zoning description
Residential/Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street, Parking Lot
Fencing
Chain Link
Subdivision
Cresthaven Homes Sec 1
Lot features
Few Trees
Directions
From Wickham Road, proceed east on Sarno Road approximately 1 mile to building on right (south) side...From US 1, proceed west on Sarno past croton approximately 3 miles, to building on left (south) side.
Standard status
Active
APN
27-37-19-75-0000a.0-0018.00
Size
1,429 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2920
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Block, Concrete, Frame, Stucco
Roof type
Metal
Listing Agency:
S & D Realty Exchange, Inc.
(321) 242-9299
Listed By:
Donald DeLucas
(321) 223-5046
Added: Sep 15, 2025
Changed: Oct 8
Last Checked: Oct 8 at 6:06PM
MLS# 1057241
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant office property offers 1,429 square feet with a floor plan that can support one or two office suites. A separate 308-square-foot CBS garage provides additional enclosed space for storage, work functions, equipment, or similar commercial needs. The building includes two bathrooms, laminate and carpet flooring, central air conditioning, electric heating, public water, and public sewer.
Recent improvements include a metal roof installed in 2023, a 200-amp electrical service upgrade completed in 2023, PVC plumbing updated in 2024, new flooring, an air-conditioning replacement in 2020, and a damper system added in 2025. The property sits on 0.15 acres at 2299 Sarno Road in Melbourne, Florida, with parking lot and off-street parking, chain-link fencing, and block, concrete, frame, and stucco construction.
Recent improvements include a metal roof installed in 2023, a 200-amp electrical service upgrade completed in 2023, PVC plumbing updated in 2024, new flooring, an air-conditioning replacement in 2020, and a damper system added in 2025. The property sits on 0.15 acres at 2299 Sarno Road in Melbourne, Florida, with parking lot and off-street parking, chain-link fencing, and block, concrete, frame, and stucco construction.
Key Highlights
- 1,429 SF office floor plan adaptable to one or two suite configurations
- Separate 308‑square‑foot CBS garage for storage or work space
- Metal roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,446
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,920
$388.9K
Cap Rate 7%
$277,800
$277.8K
Cap Rate 9%
$216,067
$216.1K
Market Conditions
NOI Build-Up for 1,429 SF
Gross rent
$30.9K $21.60/SF
− Vacancy
−$4.9K −$3.46/SF
EGI
$25.9K $18.14/SF
− OpEx
−$6.5K −$4.54/SF
NOI
$19.4K $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%
$388,920
Cap Rate 7%
$277,800
Cap Rate 9%
$216,067
Alternative Uses
Best Use
Office B
$277.8K
$243.1K – $324.1K
NOI $19,446 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.0K
$329.9K – $439.9K
NOI $26,391 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Vacant office property with flexible suite layouts, separate storage space, and updated mechanical and utility systems.
Where is this office units located?
The property is located at 2299 Sarno Road Melbourne, FL.
What is the asking price?
The asking price for this property is $259,500.
What are key features of this property?
This property features: 1,429 SF office floor plan adaptable to one or two suite configurations; Separate 308‑square‑foot CBS garage for storage or work space; Metal roof installed in 2023
