Wickham Road Flex
For Sale
Contact for pricing
1865 N Wickham Road, Melbourne, FL 32935
Open interior with a separate office and bathroom supports a range of business operations.
Property Size1,700 SF
Price / SF$1.47
Days on Market21
Property Features for 1865 N Wickham Road
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
1,520 SF
Conditioned Warehouse
Yes
Additional Details
Road Access
Yes
Property Use
Warehouse
Building Details
Year Built
1962
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Oct 12
Changed: Oct 29
Last Checked: Oct 29 at 2:33PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1,700-square-foot flex property has an open shell, with 1,520 square feet of warehouse area and a 180-square-foot office. The warehouse has 12-foot ceilings, and the entire space is under air. A bathroom is also included.
The property fronts N Wickham Road in Melbourne. The open layout and office component provide distinct warehouse and administrative areas within one space.
The property fronts N Wickham Road in Melbourne. The open layout and office component provide distinct warehouse and administrative areas within one space.
Key Highlights
- 1,700 square feet total, including 1,520 square feet of warehouse space and a 180‑square‑foot office
- 12‑foot warehouse ceilings
- Entire space is under air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,780
$207.8K
Cap Rate 7%
$148,414
$148.4K
Cap Rate 9%
$115,433
$115.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$15.3K $9.00/SF
− Vacancy
−$459 −$0.27/SF
EGI
$14.8K $8.73/SF
− OpEx
−$4.5K −$2.62/SF
NOI
$10.4K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,780
Cap Rate 7%
$148,414
Cap Rate 9%
$115,433
Alternative Uses
Best Use
Flex RnD
$248.0K
$217.0K – $289.3K
NOI $17,357 @ 7.0% cap · market cap 694.28%
Second Best
Warehouse
$167.3K
$146.4K – $195.2K
NOI $11,713 @ 7.0% cap · market cap 468.52%
Theoretical Best
Office A
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 1,255.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Similar Off Market Nearby
- Love City Cafe — 2787 Aurora Rd, Melbourne, FL 32935
- Suga' Rob's — 2600 Aurora Rd Suite G, Melbourne, FL 32935
- Buster's Catering and Mobile Kitchens LLC — 2241 Flower Tree Cir, Melbourne, FL 32935
Frequently Asked Questions
What type of property is this?
Flex space - Open interior with a separate office and bathroom supports a range of business operations.
Where is this flex space located?
The property is located at 1865 N Wickham Road Melbourne, FL.
What are key features of this property?
This property features: 1,700 square feet total, including 1,520 square feet of warehouse space and a 180‑square‑foot office; 12‑foot warehouse ceilings; Entire space is under air
