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Property profile & analytics
OFF-MARKET
Medical Office Space

1116 Sarno Rd Melbourne, FL 32935-5202

4,327 SF 0.57 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-9303697
Property summary
AI-generated overview

This exceptional 500-square-foot office space, located at 1116 Sarno Road in Brevard County, presents a fantastic opportunity for a single-tenant business. Situated on a 0.57-acre lot, this property boasts a convenient single-story building with a total of one suite. The space has undergone a complete renovation, ensuring a modern and functional environment for its occupant. The property's classification includes both retail and office uses, offering flexibility for a variety of businesses. The property's APN is 27-37-21-00-00257.0-0000.00. While the space is described as shared, the listing specifies that only the private offices are available for lease. This makes it ideal for a business seeking a private and efficient workspace without the overhead of managing a larger space. The property's single-tenant occupancy ensures privacy and control over the environment. This is a turnkey solution for a business looking for a move-in ready space in a convenient Brevard County location. The property's size and location make it an attractive option for a variety of businesses seeking a well-maintained and updated office space. The single-story design provides easy accessibility. This is a rare opportunity to acquire a fully renovated, single-tenant office space in a desirable location.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,327 SF
Lot 0.57 ac (24,829 SF)
Zoning code RP
APN 27-37-21-00-00257.0-0000.00
UPID US18-9303697
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pinnacle Mortgage of Melbourne Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sbreg LLC · 3 yrs held
Sbreg LLC
since 2022
Last sale
$315,000
4 recorded transactions
2022
$315,000
2021
Price N/A
2018
$342,000
2008
$300,000
Zoning & alternative use
RP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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