Updated Office
1542 S WICKHAM Road, Melbourne, FL
For Sale
$599,000
Commercial Sale, Melbourne, FL
Property Size2,172 SF
Lot Size0.42 Acres
Price / SF$275.78
Days on Market49
Property Features for 1542 S WICKHAM Road
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
RE/MAX Gold · RE/MAX International
(772) 607-9600
Listed By:
Brittany Earll · License FL #3178225
(772) 341-5392
Added: Sep 25
Last Checked: Nov 12 at 5:06PM
MLS# B26080557
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,172-square-foot office building occupies a 0.42-acre parcel and has an existing tenant. Built in 1964, the CBS structure features a shingle roof, central heating, and central air conditioning. Public water and a septic system serve the property, which is zoned Office.
The building is on S Wickham Road in Melbourne, Florida. Nearby context includes major roadways, shopping, established businesses, and residential communities.
The building is on S Wickham Road in Melbourne, Florida. Nearby context includes major roadways, shopping, established businesses, and residential communities.
Key Highlights
- 2,172‑square‑foot office building on a 0.42‑acre parcel
- One tenant currently occupies the property
- Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,674
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,480
$593.5K
Cap Rate 7%
$423,914
$423.9K
Cap Rate 9%
$329,711
$329.7K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$43.0K $19.80/SF
− Vacancy
−$3.4K −$1.58/SF
EGI
$39.6K $18.22/SF
− OpEx
−$9.9K −$4.55/SF
NOI
$29.7K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,480
Cap Rate 7%
$423,914
Cap Rate 9%
$329,711
Alternative Uses
Best Use
Office B
$423.9K
$370.9K – $494.6K
NOI $29,674 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.4K
$554.2K – $738.9K
NOI $44,335 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Melbourne, FL
Properties on Market for Office buildings in Melbourne
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A leased commercial property offers a professional interior and Office zoning for business occupancy.
Where is this office building located?
The property is located at 1542 S WICKHAM Road Melbourne, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,172‑square‑foot office building on a 0.42‑acre parcel; One tenant currently occupies the property; Office zoning
