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    Property profile & analytics

    1600 Sarno Rd Melbourne, FL 32935

    • Office buildings
    • 11,530 SF
    • 5.33 lot acres
    For Sale
    View listing
    $9,250,000
    Value Estimation
    Location Intelligence
    Property ID
    US19-0791687
    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

    • All Florida Home Loans / Mortgage Lender
    • Jewelry Design Concepts / Jewelry Designer
    • ICHOOSE CHANGE LLC / Mental Health Service
    • Alpine Insurance Agency, Inc (sm) / Auto Insurance Agency / Home Insurance Agency
    • Mc Elhinney Leslie A CPA / Accountant

    Property Details for 1600 Sarno Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.33 lot acres
    Property size
    11,530 SF
    Zone code
    C1A
    Property type
    Office buildings
    APN
    27-37-20-00-00006.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a 65,995-square-foot multi-tenant office complex in Melbourne, Florida. The property comprises four buildings – two two-story structures and two single-story buildings – connected by convenient breezeways. Built in 1985, the complex boasts a diverse tenant base and offers 8 available suites ranging from 436 to 2,888 square feet. Ample parking is provided with 325+ spaces. The property is strategically located in central Melbourne, just one mile from US Highway 1, two miles from Melbourne International Airport, and five miles from I-95. Its convenient location on the north side of the central business district ensures excellent accessibility and visibility. The property is zoned CIA Professional, Offices and Services, and its APN is 27-37-20-00-00006.0-0000.00 in Brevard County. This well-maintained complex offers a strong return on investment potential due to its prime location, substantial size, and diverse tenant occupancy. The property's central location and proximity to major transportation arteries make it an attractive option for a wide range of businesses.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6457
    Latitude
    28.1224
    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
    $79,989
    $803,860
    $3,364,850
    $4,168,710
    -
    $803,860
    $3,364,850
    $4,168,710

    Comparable in this City

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    • Value Estimation by Request
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      1459 Sarno Rd

      OFFICE BUILDING • 16,236 SF
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      800 SF

      680 Eau Gallie Blvd

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      24,384 SF

      1600 Eau Gallie Blvd

      OFFICE BUILDING (MULTI-STORY) • 24,384 SF
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    • Value Estimation
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      6,550 SF

      165 Babcock St

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

      268 Babcock St

      OFFICE BUILDING • 2,907 SF
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      Melbourne Office Complex: Prime Location

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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
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