Flex Space with Loading
425 S Wickham Road, West Melbourne, FL 32904
For Sale
Contact for pricing
Renovated interior combines office and warehouse areas with overhead roll-up doors.
Property Size1,986 SF
Price / SF$1.71
Days on Market29
Property Features for 425 S Wickham Road
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
Hart To Hart Real Estate, Inc.
(321) 693-2672
Listed By:
Greg Charles Sharp · License #3442979
(321) 408-3357
Source:
Startbrevardsearch
Added: Oct 12
Changed: Nov 6
Last Checked: Nov 8 at 5:15AM
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 Hart To Hart Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,986-square-foot steel building is configured with both office and warehouse space. Recent renovations include the air conditioning, windows, glass entry doors, overhead roll-up doors, and the office interior. The property also has a bi-level loading dock, a 6-foot security fence with a double gate, and a lighted monument sign on Wickham Road.
The site is at Wickham Road and Nasa/Ellis Road, adjacent to Melbourne International Airport and directly off I-95 at exit 182. McDonald's is south of the property, with medical offices to the north. Ellis Road is planned for widening.
The site is at Wickham Road and Nasa/Ellis Road, adjacent to Melbourne International Airport and directly off I-95 at exit 182. McDonald's is south of the property, with medical offices to the north. Ellis Road is planned for widening.
Key Highlights
- 1,986‑square‑foot steel building with office and warehouse areas
- Recent updates include AC, windows, glass entry doors, overhead roll‑up doors, and the office interior
- Bi‑level loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,720
$242.7K
Cap Rate 7%
$173,371
$173.4K
Cap Rate 9%
$134,844
$134.8K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$17.9K $9.00/SF
− Vacancy
−$536 −$0.27/SF
EGI
$17.3K $8.73/SF
− OpEx
−$5.2K −$2.62/SF
NOI
$12.1K $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%
$242,720
Cap Rate 7%
$173,371
Cap Rate 9%
$134,844
Alternative Uses
Best Use
Flex RnD
$289.7K
$253.5K – $338.0K
NOI $20,277 @ 7.0% cap · market cap 596.38%
Second Best
Warehouse
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 402.47%
Theoretical Best
Office A
$524.0K
$458.5K – $611.3K
NOI $36,677 @ 7.0% cap · market cap 1,078.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
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
$334,400
Median Home Value
Market
Average Price Trend$/SF for Flex space in Brevard County, FL
Properties on Market for Flex space in Brevard County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated interior combines office and warehouse areas with overhead roll-up doors.
Where is this flex space located?
The property is located at 425 S Wickham Road West Melbourne, FL.
What are key features of this property?
This property features: 1,986‑square‑foot steel building with office and warehouse areas; Recent updates include AC, windows, glass entry doors, overhead roll‑up doors, and the office interior; Bi‑level loading dock
