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1565 Sarno Rd Melbourne, FL 32935-5222

OFF-MARKET Office buildings Google Maps
4,898 SF 0.61 ac lot Built 1989
Entity Owned Free & Clear
Estimated value (blended)
$375k
Range $338k – $413k (±10%)
Property ID US18-2847289

Property summary

AI-generated overview

This exceptional investment opportunity presents a 4-unit commercial building totaling 4,786 square feet situated on a 26,571.6 square foot lot in the heart of Melbourne, Florida. The property, built in 1989 and renovated in 2017, boasts a Class B designation and features a mix of office and restaurant spaces. Three office units (1,125 SF, 1,243 SF, and 1,126 SF) are configured with reception areas, multiple private offices, and two restrooms each. One unit is currently leased to a chiropractor until October 31, 2024, while two others will be vacant at closing. A 1,292 square foot restaurant space, with seating for 65 (43 inside, 22 outside), is also available, currently leased until December 31, 2024. Each unit has separate electric and water meters. The restaurant includes an above-ground grease trap and piped underground natural gas. The property offers 24 paved, striped, and lighted parking spaces. Its prime location, just off Sarno Road, provides easy access to US1, Wickham Road, and I-95 via Eau Gallie Boulevard. The building's proximity to the Brevard County Tax Collector and Sheriff's Office adds to its strategic appeal. The asking price is $895,000, representing $187 per square foot and $223,750 per unit. The property is zoned City of Melbourne General Commercial (C-2). This is a rare opportunity to acquire a multi-tenant commercial property with immediate income potential and significant upside.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction WOOD
Total area 4,898 SF
Lot 0.61 ac (26,572 SF)
Zoning code C2
APN 27-37-20-00-00757.0-0000.00
UPID US18-2847289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Dental Office
  • Alternative Medicine Practice
  • Medical Clinic
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.10M
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$375k

Owner & transaction history

since 2026
1 recorded transaction
2026
$650,000

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.5M +11.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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