1565 Sarno Rd Melbourne, FL 32935-5222
Property profile & analytics
1565 Sarno Rd Melbourne, FL 32935-5222
- Office buildings
- 4,898 SF
- 0.61 lot acres
Property ID
US18-2847289
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.
Location Intelligence
Current Use by Public Records
- Latin Flavor Restaurant / Restaurant
- Dr. Gregory Cheshire / Dental Office
- Mitchell L. Kaplan, DC / Alternative Medicine Practice
- Florida Native Medical / Medical Clinic
- Mitchell Lee Kaplan / Alternative Medicine Practice
Property Details for 1565 Sarno Rd
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 0.61 lot acres
- Property size
- 4,898 SF
- Zone code
- C2
- Property type
- Office buildings
- APN
- 27-37-20-00-00757.0-0000.00
- APU
- 9223372036854775807
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,095,000
- 7%
- $1,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,357,000
- AI Estimate
- $805,000
Market price range: $661k - $2.02MMarket price range: $482k - $1.12M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,360,000 Current use
- COMMERCIAL (GENERAL)
- $1,515,000 Change: +12% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,095,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6457
- Latitude
- 28.1208
- 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
$9,364
$123,640
$426,760
$550,400
-
$123,640
$426,760
$550,400
