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    2087 Sarno Rd Melbourne, FL 32935

    For Sale
    $749,000

    Fully renovated, two-story retail building with strong lease income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional two-story retail building, located at 2087 Sarno Road in Melbourne, Florida (zip code 32935), presents a compelling investment opportunity. Built in 1981, the property boasts a substantial 13,939.2 square foot lot and a total of 3,115 square feet of office space, divided equally between two independent floors (1,558 sq ft each). Each floor features its own private main entrance, a built-in reception area, four private offices, a conference room, a break room, and two bathrooms. The building has undergone a complete renovation, including a new roof, impact windows, fresh paint, new flooring, and updated cabinets. Both floors are currently leased until May 31, 2025, generating a gross annual rent of $50,400. The first-floor tenant is open to relocating should a new owner wish to occupy the space. This property offers flexibility

    Property Features for 2087 Sarno Rd

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1981
    Stories
    2
    Units
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Droplit, Inc Software Company Martin Media, Inc. Advertising Agency MSS Staffing Employment Agency Belleza Studio LLC Spa Stanley Homes Inc. Home Builder

    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
    -80.6553867
    Latitude
    28.121382

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    FAQs

    What type of property is this?
    Retail property - Fully renovated, two-story retail building with strong lease income.
    Where is this retail property located?
    The property is located at 2087 Sarno Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $749,000.
    Request Owner's contact information
    2087 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
    2087 Sarno Rd Melbourne, FL 32935
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