1116 Sarno RdMelbourne, FL 32935

Property Details for 1116 Sarno Rd

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.57 AC

Property size (Sq ft)

4,327 SF

Zone code

RP

Property type

Medical offices

Property subtype

Medical space

APN

27-37-21-00-00257.0-0000.00

APU

9223372036854775807

Description

This exceptional 500-square-foot office space, located at 1116 Sarno Road in Brevard County, presents a fantastic opportunity for a single-tenant business. Situated on a 0.57-acre lot, this property boasts a convenient single-story building with a total of one suite. The space has undergone a complete renovation, ensuring a modern and functional environment for its occupant. The property's classification includes both retail and office uses, offering flexibility for a variety of businesses. The property's APN is 27-37-21-00-00257.0-0000.00. While the space is described as shared, the listing specifies that only the private offices are available for lease. This makes it ideal for a business seeking a private and efficient workspace without the overhead of managing a larger space. The property's single-tenant occupancy ensures privacy and control over the environment. This is a turnkey solution for a business looking for a move-in ready space in a convenient Brevard County location. The property's size and location make it an attractive option for a variety of businesses seeking a well-maintained and updated office space. The single-story design provides easy accessibility. This is a rare opportunity to acquire a fully renovated, single-tenant office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,189,234

  6.5%

  $1,097,754

  7%

  $1,019,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,469

  Geo Method

  $679,469

• Alternative Use

  Use

  Valuation

  Residential

  $1,361,215

  Hospitality

  $1,246,866

  Educational

  $1,037,378

  Medical

  $1,073,055

  Retail

  $1,613,698

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.122

Longitude

-80.6371

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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