Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1751 Sarno Rd Melbourne, FL 32935-4971
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1751 Sarno Rd Melbourne, FL 32935-4971

    View on Map
    • Office properties & Spaces
    • 1,950 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Feb 20, 2024
    $318,000
    Property ID
    US18-5798698
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Steven M Hook DDS PA / Dental Office
    • Leister Karin J Dmd / Dental Office
    • Rhodes Law, PA / Law Firm
    • Duggar Michael J / Employment Agency
    • Neuhart Kathleen E / Physician

    Property Details for 1751 Sarno Rd

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,950 SF
    Property type
    Office properties & Spaces
    APN
    27-37-20-1A-00001.0-0000.00
    APU
    2737201A000010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6489
    Latitude
    28.1215
    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
    $3,362
    $0.00
    $176,650
    $176,650
    -
    $0.00
    $176,650
    $176,650

    Comparable in this City

    • Value Estimation by Request
      600 SF

      700 Wickham Rd Ste, Unit 203

      CONDOMINIUM OFFICES • 600 SF
      700 Wickham Rd Ste, Melbourne, FL 32935-8840
      View Details
    • Value Estimation by Request
      640 SF

      700 Wickham Rd Ste, Unit 210

      CONDOMINIUM OFFICES • 640 SF
      700 Wickham Rd Ste, Melbourne, FL 32935-8840
      View Details
    • Value Estimation by Request
      0.22 Acres

      979 Croton 979 Rd

      Office properties & Spaces • 0.22 Acres
      979 Croton 979 Rd, Melbourne, FL 32935
      View Details
    • Value Estimation by Request
      1,086 SF

      1250 Eau Gallie Blvd Ste B

      CONDOMINIUM OFFICES • 1,086 SF
      1250 Eau Gallie Blvd Ste B, Melbourne, FL 32935-5385
      View Details
    • Value Estimation by Request
      1,110 SF

      2295 Eau Gallie Blvd, Unit 1

      CONDOMINIUM OFFICES • 1,110 SF
      2295 Eau Gallie Blvd, Melbourne, FL 32935-3187
      View Details
    • Value Estimation by Request
      939 SF

      3200 Wickham Rd Ste, Unit 2

      CONDOMINIUM OFFICES • 939 SF
      3200 Wickham Rd Ste, Melbourne, FL 32935-2321
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Arts District

      Mixed-use property in Eau Gallie Arts District, built in 2013.
      1987 Highland Ave, Melbourne, FL 32935
      View Details
    • $2,095,000
      8,108 SF

      Two Office Buildings on US1

      Two office buildings on US1 in Melbourne, Florida for sale.
      525 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      3,200 SF

      Medical Office on US-1

      Commercial property with medical build-out and high visibility.
      1532 N Harbor City Blvd, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • $825,000
      1,288 SF

      Prime Commercial Corner in Melbourne

      0.81-acre commercial corner for rent in Melbourne, Florida.
      1987 North Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $19 SF/Yr
      7,260 SF

      Harbor City Office Building Investment

      Melbourne Office Space, High Visibility
      3700 Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $35 SF/Yr

      Storefront in Heart of EGAD

      Storefront space in a prime location with many possibilities.
      1406 Highland Ave, Melbourne, FL 32935
      View Details
    • Contact for pricing
      2,000 SF

      Retail/Office Space on Wickham Road

      Retail or office space with high traffic count.
      635 S 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
    • Contact for pricing

      Office Space on Eau Gallie

      Office space available for rent on Eau Gallie Blvd.
      2010 W Eau Gallie Blvd, 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.
    1751 Sarno Rd
    Melbourne, FL 32935-4971
    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!