Retail Space in Shopping
For Sale
Contact for pricing
4301 N Wickham Road #8, Melbourne, FL 32935
An established retail unit serves a roadside commercial corridor near multiple residential subdivisions.
Property Size14,820 SF
Price / SF$0.09
Days on Market34
Property Features for 4301 N Wickham Road #8
General Information
Standard status
Active
Size
14,820 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1999
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Sep 29
Changed: Oct 29
Last Checked: Oct 29 at 2:47PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is identified as unit #8 in Forest Plaza, a property built in 1999. The listing describes a vape and smoke shop operation with inventory included in a proposed sale; the inventory amount is omitted here.
The unit is on N Wickham Road in Melbourne, with residential subdivisions in the surrounding area. The property record gives a size of 14,820 square feet.
The unit is on N Wickham Road in Melbourne, with residential subdivisions in the surrounding area. The property record gives a size of 14,820 square feet.
Key Highlights
- Located at 4301 N Wickham Road, unit #8, in Forest Plaza
- Property built in 1999
- Vape and smoke shop inventory included in the business sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,860
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,417,200
$3.4M
Cap Rate 7%
$2,440,857
$2.4M
Cap Rate 9%
$1,898,444
$1.9M
Market Conditions
NOI Build-Up for 14,820 SF
Gross rent
$266.8K $18.00/SF
− Vacancy
−$22.7K −$1.53/SF
EGI
$244.1K $16.47/SF
− OpEx
−$73.2K −$4.94/SF
NOI
$170.9K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,417,200
Cap Rate 7%
$2,440,857
Cap Rate 9%
$1,898,444
Alternative Uses
Best Use
Retail
$2.44M
$2.14M – $2.85M
NOI $170,860 @ 7.0% cap · market cap 12,204.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,696 @ 7.0% cap · market cap 19,549.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 32%
Dining 27%
Groceries 27%
Shops & Services 13%
Publix
Groceries
37,876 visits/mo
0.5 miles
Burlington
Apparel
23,753 visits/mo
0.3 miles
Bealls Florida
Apparel
20,802 visits/mo
0.4 miles
Wendy's
Dining
11,182 visits/mo
0.4 miles
Panera Bread
Dining
11,032 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An established retail unit serves a roadside commercial corridor near multiple residential subdivisions.
Where is this retail space located?
The property is located at 4301 N Wickham Road #8 Melbourne, FL.
What are key features of this property?
This property features: Located at 4301 N Wickham Road, unit #8, in Forest Plaza; Property built in 1999; Vape and smoke shop inventory included in the business sale
