Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1135 Sarno Rd, Unit B Melbourne, FL 32935-5201

    • Automotive properties
    • 12,000 SF
    • 5.20 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2021
    $1,030,000
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6105542
    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

    • Automotive properties

    Property Details for 1135 Sarno Rd

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    5.20 lot acres
    Property size
    12,000 SF
    Zone code
    C1
    Property type
    Automotive properties
    APN
    27-37-21-00-00500.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,170,000
      ML approach
      $1,135,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6373
    Latitude
    28.1207
    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
    $31,530
    $849,500
    $924,050
    $1,773,550
    -
    $849,500
    $924,050
    $1,773,550

    Comparable in this City

    • Value Estimation by Request
      860 SF

      772 Orange St

      VEHICLE SALES, RENTALS • 860 SF
      772 Orange St, Melbourne, FL 32935-5818
      View Details
    • Value Estimation by Request
      1,288 SF

      1612 Hbr City Blvd

      VEHICLE SALES, RENTALS • 1,288 SF
      1612 Hbr City Blvd, Melbourne, FL 32935-6525
      View Details
    • Value Estimation by Request
      938 SF

      1918 Aurora Rd

      VEHICLE SALES, RENTALS • 938 SF
      1918 Aurora Rd, Melbourne, FL 32935-4134
      View Details
    • Value Estimation by Request
      3,469 SF

      2241 Aurora Rd

      VEHICLE SALES, RENTALS • 3,469 SF
      2241 Aurora Rd, Melbourne, FL 32935-3359
      View Details
    • Value Estimation by Request
      1,326 SF

      1863 Aurora Rd

      VEHICLE SALES, RENTALS • 1,326 SF
      1863 Aurora Rd, Melbourne, FL 32935-4159
      View Details
    • Value Estimation by Request
      2,176 SF

      2637 Aurora Rd

      VEHICLE SALES, RENTALS • 2,176 SF
      2637 Aurora Rd, Melbourne, FL 32935-2881
      View Details

    Similar Nearby for Sale

    • $2,250,000
      13,704 SF

      Car Wash and Showroom/Warehouse

      Car wash, showroom, and warehouse property for sale.
      1291 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • $2,250,000

      Industrial Property with Car Wash

      Two properties on one parcel, warehouse and car wash.
      12911301 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • $1,200,000

      Profitable Melbourne Dealership Opportunity

      Turn-key dealership with inventory, equipment, and established team included.
      1721 Croton Rd, Melbourne, FL 32935
      View Details
    • $200,000
      3,500 SF

      Established Restaurant in High-Traffic Plaza

      Turn-key restaurant opportunity in Melbourne, Florida with loyal customer base.
      2110 Sarno Rd, Melbourne, FL 32935
      View Details
    • $1,350,000
      2,500 SF

      Melbourne Retail Corner Lot - $1.35M

      High-traffic retail space, ideal for QSR or carwash.
      2065 Wickham Rd, Melbourne, FL 32935
      View Details
    • $699,000

      Melbourne Retail Investment Opportunity

      Two-unit building, prime location, $699,000
      476 Babcock St, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • $4,995 /Mo

      High-Visibility Commercial Property on Aurora

      Prime commercial property in Melbourne with versatile B-2 zoning.
      1944 Aurora Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      1,507 SF

      Renovated C-Store with Drive-Thru

      Renovated convenience store with drive-thru, available for lease/redevelopment.
      1600 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $4,995 /Mo

      Commercial Property on Aurora Road

      Half-acre commercial property with B2 zoning in Melbourne, Florida.
      1918 Aurora Rd, Melbourne, FL 32935
      View Details
    • $350 /Mo
      6,000 SF

      Retail Space on Aurora Road

      Retail space available on high-traffic Aurora Road in Melbourne.
      2722 Aurora Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space Near Amazon Center

      Neighborhood shopping center with high visibility and multiple access points.
      1270 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $3,500 /Mo

      Renovated Stand-Alone Building in Midtown

      Renovated building in Midtown Melbourne with ample parking and modern upgrades.
      390 Poinciana Dr, Melbourne, FL 32935
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1135 Sarno Rd, Unit B
    Melbourne, FL 32935-5201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!