Two-Suite Office
For Sale
Contact for pricing
1801 N Wickham Road 1 & 2, Melbourne, FL 32935
Flexible commercial layout with offices, work areas, and reception potential.
Property Size4,859 SF
Price / SF$0.51
Days on Market76
Property Features for 1801 N Wickham Road 1 & 2
General Information
Standard status
Active
Size
4,859 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
D. Basile Real Estate, LLC
(321) 751-4500
Listed By:
Louie Polsinelli · License #3030685
(321) 960-0908
Source:
Startbrevardsearch
Added: Aug 20
Changed: Oct 26
Last Checked: Nov 3 at 6:21AM
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 D. Basile Real Estate, LLC
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Investment Insights
Based on property information with market context.
Suites 1 and 2 comprise 4,859 square feet of commercial space with multiple offices or work areas and room for a reception area. The configuration supports professional office functions, service operations, showroom use, and other light commercial applications described for the property.
The address is positioned along N Wickham Road in Melbourne, with access to I-95 and US-1. On-site parking serves employees and customers, while nearby businesses, retail, dining, and residential neighborhoods contribute to an established commercial setting.
The address is positioned along N Wickham Road in Melbourne, with access to I-95 and US-1. On-site parking serves employees and customers, while nearby businesses, retail, dining, and residential neighborhoods contribute to an established commercial setting.
Key Highlights
- 4,859 square feet across Suites 1 and 2
- Multiple offices and work areas with reception potential
- Suitable for professional office, service, showroom, or light commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,019
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,380
$1.1M
Cap Rate 7%
$800,271
$800.3K
Cap Rate 9%
$622,433
$622.4K
Market Conditions
NOI Build-Up for 4,859 SF
Gross rent
$87.5K $18.00/SF
− Vacancy
−$7.4K −$1.53/SF
EGI
$80.0K $16.47/SF
− OpEx
−$24.0K −$4.94/SF
NOI
$56.0K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,380
Cap Rate 7%
$800,271
Cap Rate 9%
$622,433
Alternative Uses
Best Use
Office B
$944.6K
$826.5K – $1.10M
NOI $66,121 @ 7.0% cap · market cap 2,644.84%
Second Best
Retail
$800.3K
$700.2K – $933.7K
NOI $56,019 @ 7.0% cap · market cap 2,240.76%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,736 @ 7.0% cap · market cap 3,589.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial layout with offices, work areas, and reception potential.
Where is this office unit located?
The property is located at 1801 N Wickham Road 1 & 2 Melbourne, FL.
What are key features of this property?
This property features: 4,859 square feet across Suites 1 and 2; Multiple offices and work areas with reception potential; Suitable for professional office, service, showroom, or light commercial use
