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    2220 Sarno Rd Melbourne, FL 32935

    Sponsored
    For Lease
    $16 SF/Yr

    16.65-acre site, 14,276 sq ft building

    Lot size:
    14,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.65-acre commercial property at 2220 Sarno Road in Melbourne, Florida (APN 273719030000c0000c00), presents a unique investment opportunity. The property features a 14,276 square foot building, currently vacant, previously used as a school. Its versatile layout offers significant potential for redevelopment or repurposing. The expansive, largely open interior allows for flexible configuration, with options to create smaller, independent units to suit various business needs. The seller is open to build-out negotiations and flexible lease terms, making this an attractive proposition for a wide range of commercial ventures. The property's strategic location in the heart of Melbourne provides easy access to Melbourne International Airport, nearby beaches, and Interstate 95, ensuring high visibility and convenient access for customers and employees. This prime location within a thriving business and shopping center makes it an ideal site for a variety of commercial uses. The single-tenant occupancy allows for complete control and customization. This is a rare opportunity to acquire a substantial property with significant upside potential in a desirable location.

    Property Features for 2220 Sarno Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,276 SF

    Unit(s) available at that property

    Space
    Size
    14,276 SF
    Rate per SF
    $16

    HighLights

    • 16.65‑acre commercial lot at 2220 Sarno Road, Melbourne, FL (APN 273719030000c0000c00).
    • 14,276 SF vacant building, previously a school, ideal for redevelopment or repurposing.
    • Versatile layout allows for flexible configuration, including smaller, independent units.
    • Seller offers build‑out negotiations and flexible lease terms.
    • Prime Melbourne location near Melbourne International Airport, beaches, and I‑95, offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6577281
    Latitude
    28.1217588

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    FAQs

    What type of property is this?
    Land - 16.65-acre site, 14,276 sq ft building
    Where is this land located?
    The property is located at 2220 Sarno Rd Melbourne, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 16.65-acre commercial lot at 2220 Sarno Road, Melbourne, FL (APN 273719030000c0000c00).; 14,276 SF vacant building, previously a school, ideal for redevelopment or repurposing.; Versatile layout allows for flexible configuration, including smaller, independent units.
    Request Owner's contact information
    2220 Sarno Rd Melbourne, FL 32935
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    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2220 Sarno Rd Melbourne, FL 32935
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