Property profile

2220 Sarno Rd Melbourne, FL 32935

OFF-MARKET
Commercial real estate
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2220 Sarno Rd Melbourne, FL 32935
Melbourne metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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