Multi-Suite Office
For Sale
Contact for pricing
1801 N Wickham Road 3 & 4, Melbourne, FL 32935
The layout includes several offices and work areas, with space for a reception area.
Property Size4,859 SF
Price / SF$0.50
Days on Market239
Property Features for 1801 N Wickham Road 3 & 4
General Information
Standard status
Active
Size
4,859 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Property Use
Office, Service, Showroom, Light Commercial
Building Details
Year Built
1982
Listing Agency:
D. Basile Real Estate, LLC
(321) 751-4500
Listed By:
Louie Polsinelli · License #3030685
(321) 960-0908
Source:
Mccoyfreeman
Added: Mar 5
Changed: Oct 29
Last Checked: Oct 29 at 2:52PM
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 3 and 4 comprise 4,859 square feet of office space in a building constructed in 1982. The interior includes multiple offices and work areas, with potential for a reception area. On-site parking serves the property.
Located on N Wickham Road in Melbourne, the property has access to I-95 and US-1. Businesses, retail, dining, and residential areas are identified in the surrounding context.
Located on N Wickham Road in Melbourne, the property has access to I-95 and US-1. Businesses, retail, dining, and residential areas are identified in the surrounding context.
Key Highlights
- 4,859 square feet across Suites 3 and 4
- Multiple offices and work areas, with potential for reception
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,121
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,420
$1.3M
Cap Rate 7%
$944,586
$944.6K
Cap Rate 9%
$734,678
$734.7K
Market Conditions
NOI Build-Up for 4,859 SF
Gross rent
$105.0K $21.60/SF
− Vacancy
−$16.8K −$3.46/SF
EGI
$88.2K $18.14/SF
− OpEx
−$22.0K −$4.54/SF
NOI
$66.1K $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%
$1,322,420
Cap Rate 7%
$944,586
Cap Rate 9%
$734,678
Alternative Uses
Best Use
Office B
$944.6K
$826.5K – $1.10M
NOI $66,121 @ 7.0% cap · market cap 2,698.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,736 @ 7.0% cap · market cap 3,662.69%
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
2
Office units
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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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 - The layout includes several offices and work areas, with space for a reception area.
Where is this office unit located?
The property is located at 1801 N Wickham Road 3 & 4 Melbourne, FL.
What are key features of this property?
This property features: 4,859 square feet across Suites 3 and 4; Multiple offices and work areas, with potential for reception; On‑site parking
