Professional Office Condominium with Monument Sign
For Sale
$285,000
4-3200 N Wickham Rd, Melbourne, FL 32904
1,439 SF office suite on N Wickham Road with private entry, five offices, and panel space on a multi-tenant monument sign.
Property Size1,439 SF
Price / SF$198.05
Days on Market9
Property Features for 4-3200 N Wickham Rd
General Information
Standard status
Active
Size
1,439 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Tenancy
Multi
Listing Agency:
Sperry CGA-Flint Brokers
(321) 252-9090
Listed By:
James Flint · License ##BK3313539
(321) 252-9090
Source:
Exprealty
Added: Jul 22
Changed: Jul 30
Last Checked: Jul 30 at 12:34PM
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 CGA-Flint Brokers
Investment Insights
Based on property information with market context.
This professional office condominium offers 1,439 SF of well-appointed space within a small commercial association. The suite includes a private front entry, reception area, five private offices, a conference room, breakroom, and a private restroom, with a rear exit for additional egress. Panel space on a prominent multi-tenant monument sign provides available building directory visibility, and the property is served by ample surface parking.
The suite is located directly on N Wickham Road, a primary Melbourne commercial corridor, with exposure to approximately 34,000 vehicles per day. It is positioned across from Wickham Park and adjacent to Addison Pointe, a 370-unit Class A apartment community. The surrounding area includes strong demographics of approximately 24,797 residents within a 5-minute radius and 116,121 residents within a 15-minute radius.
Convenient access to I-95, Melbourne Orlando International Airport, the beaches, and the broader Space Coast employment base supports day-to-day business operations. Association dues include exterior maintenance, property insurance, landscaping, trash removal, and water.
The suite is located directly on N Wickham Road, a primary Melbourne commercial corridor, with exposure to approximately 34,000 vehicles per day. It is positioned across from Wickham Park and adjacent to Addison Pointe, a 370-unit Class A apartment community. The surrounding area includes strong demographics of approximately 24,797 residents within a 5-minute radius and 116,121 residents within a 15-minute radius.
Convenient access to I-95, Melbourne Orlando International Airport, the beaches, and the broader Space Coast employment base supports day-to-day business operations. Association dues include exterior maintenance, property insurance, landscaping, trash removal, and water.
Key Highlights
- 1,439 SF professional office condominium suite on N Wickham Road
- Private front entry plus reception, five private offices, conference room, breakroom, and private restroom
- Rear exit for additional egress
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
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1,439 SF office suite on N Wickham Road with private entry, five offices, and panel space on a multi-tenant monument sign.
Where is this office units located?
The property is located at 4-3200 N Wickham Rd 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 suite on N Wickham Road; Private front entry plus reception, five private offices, conference room, breakroom, and private restroom; Rear exit for additional egress
