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    1600 Sarno Rd Melbourne, FL 32935

    For Sale
    $9,250,000

    65,995 SF Office Space, 55 Units, $9.25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 1600 Sarno Road in Melbourne, Florida, presents a compelling investment opportunity. The complex comprises four multi-tenant office buildings totaling 65,995 square feet, strategically connected by convenient breezeways. The buildings consist of a mix of two-story and single-story structures, offering a diverse range of spaces to accommodate a variety of business needs. With a large and varied tenant base, this property boasts strong occupancy and income potential. Situated on a substantial 232,174.8 square foot lot, the property benefits from its prime location in Melbourne, offering unparalleled accessibility. It's just one mile from US Highway One, two miles from Melbourne International Airport, and five miles from I-95, placing it within easy reach of major transportation arteries. Furthermore, its location on the north side of the central business district ensures high visibility and convenient access to a thriving commercial environment. Built in 1986, the property offers a blend of established infrastructure and significant growth potential. The asking price for this exceptional commercial real estate asset is $9,250,000. The property includes 55 individual units. This is an ideal opportunity for investors seeking a well-established, high-traffic location with strong potential for future returns.

    Property Features for 1600 Sarno Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    1986
    Units
    55

    HighLights

    • Four multi‑tenant office buildings totaling 65,995 square feet in Melbourne, FL.
    • Prime location: 1 mile from US‑1, 2 miles from MLB International Airport, 5 miles from I‑95.
    • Large 232,174.8 sq ft lot with high visibility in Melbourne's central business district.
    • 55 individual units with strong occupancy and income potential.
    • Asking price: $9,250,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Florida Home ... Mortgage Lender Jewelry Design Concepts Jewelry Designer ICHOOSE CHANGE LLC Mental Health Service Alpine Insurance Agency, ... Insurance Agency Mc Elhinney Leslie ... Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6455888
    Latitude
    28.12245

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    FAQs

    What type of property is this?
    Land - 65,995 SF Office Space, 55 Units, $9.25M
    Where is this land located?
    The property is located at 1600 Sarno Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $9,250,000.
    What are key features of this property?
    This property features: Four multi-tenant office buildings totaling 65,995 square feet in Melbourne, FL.; Prime location: 1 mile from US-1, 2 miles from MLB International Airport, 5 miles from I-95.; Large 232,174.8 sq ft lot with high visibility in Melbourne's central business district.
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    1600 Sarno Rd Melbourne, FL 32935
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    1600 Sarno Rd
    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
    1600 Sarno Rd Melbourne, FL 32935
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