Property profile

2768 Sarno Rd Melbourne, FL 32935

OFF-MARKET
Retail space
Property ID
US18-4577263
2,401 SF 0.2 ac lot Built 1969
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional value-add investment opportunity presents a vacant, freestanding retail building at 2768 Sarno Road in Melbourne, Florida. Boasting 2,200 square feet on a 0.2-acre lot, this single-story, 1969-constructed building is zoned C2 and offers significant potential for owner-users or investors seeking to enhance its value. Currently vacant, the property features an open floor plan, an office area, and two restrooms. Its prime location at the heavily trafficked intersection of Sarno and Wickham Roads ensures high visibility, further enhanced by a prominent pylon sign. Full access is provided from Sarno Road, offering convenient ingress and egress. The property's proximity to North Wickham Road and Jimmy Moore Park adds to its appeal. The building's existing structure provides a solid foundation for a variety of retail uses, making it an attractive prospect for entrepreneurs and investors alike. The property's assessed parcel number (APN) is 27-37-19-00-263.1. This is a rare chance to acquire a well-situated retail property in a thriving Melbourne, Florida market. The asking price is $375,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,401 SF
Lot 0.2 ac (8,712 SF)
Zoning code C2
APN 27-37-19-00-00263.1-0000.00
UPID US18-4577263

Cap rate & NOI

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

Location

2768 Sarno Rd Melbourne, FL 32935-8850
Melbourne metro Census 64500 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2025
Last sale
$330,000
5 recorded transactions
2025
$330,000
2021
$290,000
2017
Price N/A
2008
Price N/A
1998
$160,000

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

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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