1600 Sarno Rd Melbourne, FL 32935-4938
Property profile & analytics
1600 Sarno Rd Melbourne, FL 32935-4938
- Office buildings
- 11,530 SF
- 5.33 lot acres
Property ID
US19-0791687
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
- All Florida Home Loans / Loan Service / Bank
- Jewelry Design Concepts / (Bike/Boat/Book/etc) Store
- ICHOOSE CHANGE LLC / Crisis Center / Medical Clinic
- Alpine Insurance Agency, Inc (sm) / Insurance Agency
- Mc Elhinney Leslie A CPA / Accounting Firm / Tax Preparation
Property Details for 1600 Sarno Rd
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 5.33 lot acres
- Property size
- 11,530 SF
- Zone code
- C1A
- Property type
- Office buildings
- APN
- 27-37-20-00-00006.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a 65,995-square-foot multi-tenant office complex in Melbourne, Florida. The property comprises four buildings – two two-story structures and two single-story buildings – connected by convenient breezeways. Built in 1985, the complex boasts a diverse tenant base and offers 8 available suites ranging from 436 to 2,888 square feet. Ample parking is provided with 325+ spaces. The property is strategically located in central Melbourne, just one mile from US Highway 1, two miles from Melbourne International Airport, and five miles from I-95. Its convenient location on the north side of the central business district ensures excellent accessibility and visibility. The property is zoned CIA Professional, Offices and Services, and its APN is 27-37-20-00-00006.0-0000.00 in Brevard County. This well-maintained complex offers a strong return on investment potential due to its prime location, substantial size, and diverse tenant occupancy. The property's central location and proximity to major transportation arteries make it an attractive option for a wide range of businesses.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,790,000
- 6.5%
- $2,575,000
- 7%
- $2,390,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,645,000
Market price range: $1.13M - $2.65M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,200,000 Current use
- RESTAURANT
- $4,405,000 Change: +38% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $3,570,000 Change: +12% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,575,000 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
- 28.1224
- 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
$79,989
$803,860
$3,364,850
$4,168,710
-
$803,860
$3,364,850
$4,168,710
