Zoned Mixed-Use Retail Strip
4301 N Wickham Rd Melbourne, FL 32935
4301 N Wickham Rd, Melbourne, FL, 32935
$4,054,000
For Sale
$4,054,000
Multi-tenant retail property is zoned C-1 Mixed Use and currently 100% occupied.
Property Size14,820 SF
Price / SF$273.55
Days on Market51
Property Features for 4301 N Wickham Rd
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agency
(321) 863-3228
Listed by
Brian L. Lightle, CCIM, SIOR, CRE · License #FL #BK510409
(321) 863-3228
Source
Teamlbr
Added: Jun 2 Updated: Jul 22 at 6:53AM Checked: Jul 22 at 6:53AM
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 Brian L. Lightle, CCIM, SIOR, CRE
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center offers approximately +/-14,820 SF of commercial space and is presented as a fully occupied investment property. The property is zoned C-1 Mixed Use, supporting a flexible retail-oriented use profile.
The center is being offered for sale as a 100% occupied asset, providing an opportunity to acquire an income-producing retail property with established tenancy.
All information provided indicates the property’s mixed-use zoning and occupancy status; additional details on specific unit configurations are not included in the information provided.
The center is being offered for sale as a 100% occupied asset, providing an opportunity to acquire an income-producing retail property with established tenancy.
All information provided indicates the property’s mixed-use zoning and occupancy status; additional details on specific unit configurations are not included in the information provided.
Key Highlights
- ±14,820 SF multi‑tenant commercial property
- Zoned C‑1 Mixed Use
- Currently 100% occupied
Local Financial Insights For Retail
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 | $266.8k | $18.00 |
| − Vacancy | −$22.7k | −$1.53 |
| EGI | $244.1k | $16.47 |
| − OpEx | −$73.2k | −$4.94 |
| NOI | $170.9k | $11.53 |
14,820 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.44M
$2.14M – $2.85M
NOI $170,860 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,696 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Muller Inc
Charitable Organization
Florida Safes
Gun Shop
Monem Dental Melbourne
Dental Office
Royal Health asian ...
Alternative Medicine Practice
Victor’s Nails Spa
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant retail property is zoned C-1 Mixed Use and currently 100% occupied.
Where is this strip mall located?
The property is located at 4301 N Wickham Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $4,054,000.
What are key features of this property?
This property features: ±14,820 SF multi‑tenant commercial property; Zoned C‑1 Mixed Use; Currently 100% occupied
