Renovated Flex
For Sale
$725,000
1340 S Wickham Road, Melbourne, FL 32904
Updated commercial space with parking and outdoor areas supports office, retail, storage, and service-oriented operations.
Property Size3,008 SF
Price / SF$241.02
Days on Market96
Property Features for 1340 S Wickham Road
General Information
Standard status
Active
Size
3,008 SF
Additional Details
Road Access
Yes
Listing Agency:
Relentless Real Estate Co.
(321) 302-0763
Listed By:
Jennifer Brown · License #3592570
(321) 412-4021
Source:
Startbrevardsearch
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 12 at 8:29PM
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 Relentless Real Estate Co.
Investment Insights
Based on property information with market context.
This flex property at 1340 S Wickham Road in Melbourne combines recently renovated interiors with outdoor space and abundant parking. Improvements include new flooring, interior paint, bathrooms, and plumbing. The property occupies nearly one acre and is positioned along a busy, high-traffic road, providing a commercial setting suited to office, retail, contractor, equipment-storage, and specialty-service uses. Prior operations included a day care and a behavioral health facility.
Key Highlights
- Nearly one‑acre commercial property at 1340 S Wickham Road, Melbourne, FL 32904
- Recent upgrades include flooring, paint, bathrooms, and plumbing
- Abundant parking and outdoor areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,933
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,660
$818.7K
Cap Rate 7%
$584,757
$584.8K
Cap Rate 9%
$454,811
$454.8K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$65.0K $21.60/SF
− Vacancy
−$10.4K −$3.46/SF
EGI
$54.6K $18.14/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$40.9K $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%
$818,660
Cap Rate 7%
$584,757
Cap Rate 9%
$454,811
Alternative Uses
Best Use
Office B
$584.8K
$511.7K – $682.2K
NOI $40,933 @ 7.0% cap · market cap 5.65%
Second Best
Retail
$495.4K
$433.5K – $578.0K
NOI $34,679 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$793.6K
$694.4K – $925.9K
NOI $55,552 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial space with parking and outdoor areas supports office, retail, storage, and service-oriented operations.
Where is this flex space located?
The property is located at 1340 S Wickham Road Melbourne, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Nearly one‑acre commercial property at 1340 S Wickham Road, Melbourne, FL 32904; Recent upgrades include flooring, paint, bathrooms, and plumbing; Abundant parking and outdoor areas
