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    2133 Sarno Rd Melbourne, FL 32935

    Sponsored
    For Sale
    $700,000

    Melbourne, FL Storefront Investment

    Property size:
    4,811 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Melbourne, Florida, retail investment opportunity presents a 4,811 square foot, single-story, multi-tenant storefront building situated on Sarno Road. The property, built in 1958 and renovated in 2016, boasts 16 parking spaces and features four tenants under a Net Lease agreement with a remaining term of three years and 3% annual rent bumps. The building offers 3,922 square feet of net rentable space, currently at 50% occupancy, with an asking price of $700,000, representing a compelling 8.00% cap rate and a price per square foot of $145.50. The property is zoned C-2 and sits on a 4,811 square foot lot. Recent improvements include a fresh coat of paint, updated plumbing, and a restriped parking lot. Its strategic location on a high-traffic thoroughfare, across from a shopping plaza and just 15 minutes from the ocean, ensures high visibility and accessibility. The property's versatility makes it suitable for a variety of retail or office uses, capitalizing on the approximately 30,000 cars passing daily. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Melbourne location. The property's strong fundamentals and recent improvements make it an attractive investment for discerning buyers.

    Property Features for 2133 Sarno Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,811 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1958/2016
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • High‑traffic location directly across from a shopping center.
    • Strong tenant base with multiple businesses nearby.
    • Prime location, just 15 minutes from the ocean.
    • Exceptional daily traffic count of 30,000 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Canine Designs Pet Groomer El Buen Pastor ... Religious Institution

    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
    -80.6562139
    Latitude
    28.1214193

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    FAQs

    What type of property is this?
    Individual retail property - Melbourne, FL Storefront Investment
    Where is this individual retail property located?
    The property is located at 2133 Sarno Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: High-traffic location directly across from a shopping center.; Strong tenant base with multiple businesses nearby.; Prime location, just 15 minutes from the ocean.
    Request Owner's contact information
    2133 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
    2133 Sarno Rd Melbourne, FL 32935
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