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    2133 Sarno Rd Melbourne, FL 32935

    • Office buildings
    • 4,811 SF
    • 0.30 lot acres
    For Sale
    View listing
    $700,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-2338063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Canine Designs / Pet Groomer
    • El Buen Pastor Iglesia Cristiana Evangelica / Religious Institution

    Property Details for 2133 Sarno Rd

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    4,811 SF
    Property type
    Office buildings
    APN
    27-37-19-78-0000C.0-0006.00
    APU
    273719780000C0000600

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $325,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $325,000
      Mixed-Use
      $265,000
      Hospitality
      $295,000
      Educational
      $315,000
      Residential Income
      $360,000
      Energy
      $300,000
      Income-Based Land
      $300,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6563
    Latitude
    28.1214
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,251
    $95,550
    $245,990
    $341,540
    -
    $95,550
    $245,990
    $341,540

    Comparable in this City

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      1459 Sarno Rd

      OFFICE BUILDING • 16,236 SF
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      680 Eau Gallie Blvd

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      165 Babcock St

      OFFICE BUILDING • 6,550 SF
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    • Value Estimation
      $255,000
      2,907 SF

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      OFFICE BUILDING • 2,907 SF
      268 Babcock St, Melbourne, FL 32935-6735
      View Details

    Similar Nearby for Sale

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      Stand-Alone Office Building For Sale

      2,702 SF office building with tenant in place until 2025.
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      Office building with two suites and detached garage.
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    Similar Nearby for Lease

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    2133 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
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