Office Unit with Private
For Sale
Contact for pricing
1120 S Wickham Road, Melbourne, FL 32904
Flexible office layout with reception, dedicated work area, and convenient rear access along the Wickham Road corridor.
Property Size9,009 SF
Price / SF$0.42
Days on Market50
Property Features for 1120 S Wickham Road
General Information
Standard status
Active
Size
9,009 SF
Additional Details
Road Access
Yes
Listing Agency:
ITG Property Management
(321) 622-2700
Listed By:
Rusty Melle · License #3185860
(321) 474-0400
Source:
Startbrevardsearch
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 28 at 8:32AM
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 ITG Property Management
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Investment Insights
Based on property information with market context.
This 2,652-square-foot office unit combines private offices with a spacious work area, reception space, and a separate rear entrance. The configuration supports a range of business operations while providing distinct arrival points for staff and visitors.
The property is positioned along the Wickham Road corridor in West Melbourne, with reported traffic of 26,760 (2025).
The property is positioned along the Wickham Road corridor in West Melbourne, with reported traffic of 26,760 (2025).
Key Highlights
- 2,652 sq ft office unit
- Private rear entrance
- Reception area and spacious work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,594
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,880
$2.5M
Cap Rate 7%
$1,751,343
$1.8M
Cap Rate 9%
$1,362,156
$1.4M
Market Conditions
NOI Build-Up for 9,009 SF
Gross rent
$194.6K $21.60/SF
− Vacancy
−$31.1K −$3.46/SF
EGI
$163.5K $18.14/SF
− OpEx
−$40.9K −$4.54/SF
NOI
$122.6K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,880
Cap Rate 7%
$1,751,343
Cap Rate 9%
$1,362,156
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,594 @ 7.0% cap · market cap 3,263.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,378 @ 7.0% cap · market cap 4,428.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office layout with reception, dedicated work area, and convenient rear access along the Wickham Road corridor.
Where is this office unit located?
The property is located at 1120 S Wickham Road Melbourne, FL.
What are key features of this property?
This property features: 2,652 sq ft office unit; Private rear entrance; Reception area and spacious work area
