Financial
Distress signals
Property profile

1116 Sarno Rd Melbourne, FL 32935

FOR LEASE
Medical Office Space
Property ID
US18-9303697
4,327 SF 0.57 ac lot Built 1958
Last sale Nov 2022 · $315,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$310k
Assessed land$62k
Assessed improvement$247k
Effective rate1.87%

Value estimate

· Sep 2026
$325k
$293k – $358k
AI approach$335k
NOI build-up
Gross scheduled income$80k
Vacancy & credit loss−$13k
Operating expenses−$17k
NOI · 335,666.67% cap applied$50k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
Submarket average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$96 – $212

Cap rate analysis

How does the asset earn?
335,666.67%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RP
The provisions of this district are intended to apply to a transition area between commercial and residential uses. Principal uses and re...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.7
Laundry Service9.6
Parking Facility9.5

Location

1116 Sarno Rd Melbourne, FL 32935
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22 Nelson, Melbourne, FL 32935-6744 $425,000 Aug 2023 2,655 SF
1509 Hbr City Blvda, Melbourne, FL 32935-6572 $1,630,000 Aug 2022 10,830 SF
18 Dl, Melbourne, FL 32935-6975 $425,000 Jul 2021 No data
2268 Sarno, Melbourne, FL 32935-3004 $167,800 Nov 2020 1,462 SF
220 Babcock, Melbourne, FL 32935-6717 $372,500 May 2020 3,922 SF
469 Hbr City, Melbourne, FL 32935-6857 $240,000 Jan 2019 2,340 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message