Direct-Frontage Office
3200 N Wickham Rd Ste 4 Melbourne, FL 32935
New
For Sale
$285,000
1,439 SF office condo with private entry, reception, multiple offices, and rear exit on N Wickham Road frontage.
Property Size1,439 SF
Price / SF$198.05
Days on Market3
Property Features for 3200 N Wickham Rd Ste 4
General Information
- Standard status
- Active
- Size
- 1,439 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 1997
Listing Agency:
Sperry Commercial Global Affiliates - Flint Brokers & Associates
(321) 405-7701
Listed By:
James Flint · License #3313539
(321) 405-7701
Source:
Thebrokerlist
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 3:18PM
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 Sperry Commercial Global Affiliates - Flint Brokers & Associates
Investment Insights
Based on property information with market context.
This 1,439 SF professional office condominium is located within a small commercial association and offers an efficient layout with a private front entry, reception area, five private offices, a conference room, breakroom, and a private restroom. A rear exit completes the suite configuration. The building setting includes available panel space on a prominent multi-tenant monument sign and ample surface parking for visitors and staff.
The suite has direct frontage on N Wickham Road with exposure to approximately 34,000 vehicles per day. It is positioned across from Wickham Park and backs up to Addison Pointe, a 370-unit Class A apartment community completed in 2020, supporting a steady mix of nearby retail, dining, service businesses, and residential activity along the corridor.
Association dues include exterior maintenance, property insurance, landscaping, trash removal, and water, supporting a hands-on approach for an owner-user and providing a manageable ownership structure for a small office condominium buyer.
The suite has direct frontage on N Wickham Road with exposure to approximately 34,000 vehicles per day. It is positioned across from Wickham Park and backs up to Addison Pointe, a 370-unit Class A apartment community completed in 2020, supporting a steady mix of nearby retail, dining, service businesses, and residential activity along the corridor.
Association dues include exterior maintenance, property insurance, landscaping, trash removal, and water, supporting a hands-on approach for an owner-user and providing a manageable ownership structure for a small office condominium buyer.
Key Highlights
- 1,439 SF professional office condominium with direct N Wickham Road frontage and exposure to approximately 34,000 vehicles per day
- Available panel space on a prominent multi‑tenant monument sign for added building visibility
- Suite layout includes private front entry, reception, 5 private offices, conference room, breakroom, private restroom, and rear exit
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.1k | $21.60 |
| − Vacancy | −$5.0k | −$3.46 |
| EGI | $26.1k | $18.14 |
| − OpEx | −$6.5k | −$4.54 |
| NOI | $19.6k | $13.61 |
1,439 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.7K
$244.8K – $326.4K
NOI $19,582 @ 7.0% cap · market cap 6.87%
Second Best
Healthcare Medical
$258.7K
$226.4K – $301.9K
NOI $18,111 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$379.6K
$332.2K – $442.9K
NOI $26,575 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jacqueline Zermeno
Physician
MB Carroll PA
Accounting Firm
SMB Accounting and Consulting, ...
Business Management Consultant
Anne Gregas OD
(Bike/Boat/Book/etc) Store
Edward Jones - Financial ...
Financial Advisor
FAQs
What type of property is this?
Office units - 1,439 SF office condo with private entry, reception, multiple offices, and rear exit on N Wickham Road frontage.
Where is this office units located?
The property is located at 3200 N Wickham Rd Ste 4 Melbourne, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,439 SF professional office condominium with direct N Wickham Road frontage and exposure to approximately 34,000 vehicles per day; Available panel space on a prominent multi‑tenant monument sign for added building visibility; Suite layout includes private front entry, reception, 5 private offices, conference room, breakroom, private restroom, and rear exit
