Medical Office Condominium
103-6549 N Wickham Rd Melbourne, FL 32904
103-6549 N Wickham Rd, Melbourne, FL, 32904
$649,900
For Sale
$649,900
Tenant-occupied medical/professional office condominium with multiple exam/offices, reception, and two baths.
Property Size1,994 SF
Price / SF$325.93
Days on Market82
Property Features for 103-6549 N Wickham Rd
General Information
- Standard status
- Active
- Size
- 1,994 SF
Listing agency
Hart To Hart Real Estate, Inc.
(321) 242-2526
Listed by
Richard J Hart · License #590871
(321) 242-2526
Source
Exprealty
Added: May 1 Updated: Jul 21 at 4:14AM Checked: Jul 21 at 4:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hart To Hart Real Estate, Inc.
Investment Insights
Based on property information with market context.
This tenant-occupied medical/professional/retail office condominium unit offers a layout designed for patient-facing or client service use. The space includes six exam/offices, a private office, two bathrooms, a reception with check-in/check-out, a waiting room, work area, and a break room. Additional features include two storage closets.
The condominium is located within Brevard Medical City, an upscale mixed-use commercial/residential development in the Suntree/Viera area of Brevard County, Florida. The development includes a main entrance with 35-foot royal palms, a six-acre lake with a lighted walking/jogging sidewalk, and charging stations for electric cars, along with four entrance points and three color LED signs along Wickham Road.
Prospective buyers should inquire about deed restrictions, as they may impact permitted use and/or operational details within the development. Owner financing is also available.
The condominium is located within Brevard Medical City, an upscale mixed-use commercial/residential development in the Suntree/Viera area of Brevard County, Florida. The development includes a main entrance with 35-foot royal palms, a six-acre lake with a lighted walking/jogging sidewalk, and charging stations for electric cars, along with four entrance points and three color LED signs along Wickham Road.
Prospective buyers should inquire about deed restrictions, as they may impact permitted use and/or operational details within the development. Owner financing is also available.
Key Highlights
- Tenant‑occupied medical/professional office condominium in the Brevard Medical City mixed‑use development
- Includes 6 exam/offices, private office, reception check‑in/check‑out, waiting room, and work area
- 2‑bath layout with a break room and two storage closets
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.1k | $21.60 |
| − Vacancy | −$6.9k | −$3.46 |
| EGI | $36.2k | $18.14 |
| − OpEx | −$9.0k | −$4.54 |
| NOI | $27.1k | $13.61 |
1,994 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.6K
$339.2K – $452.2K
NOI $27,134 @ 7.0% cap · market cap 4.18%
Second Best
Healthcare Medical
$358.5K
$313.7K – $418.3K
NOI $25,096 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$526.1K
$460.3K – $613.8K
NOI $36,825 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Wickham Animal Hospital & Boarding — 345 S Wickham Rd, Melbourne, FL 32904
FAQs
What type of property is this?
Medical Office Space - Tenant-occupied medical/professional office condominium with multiple exam/offices, reception, and two baths.
Where is this medical office space located?
The property is located at 103-6549 N Wickham Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Tenant‑occupied medical/professional office condominium in the Brevard Medical City mixed‑use development; Includes 6 exam/offices, private office, reception check‑in/check‑out, waiting room, and work area; 2‑bath layout with a break room and two storage closets
