Retail Salon
635 S Wickham Road #101, West Melbourne, FL 32904
For Sale
Contact for pricing
A corner layout includes client service areas, staff support space, and two restrooms.
Property Size23,453 SF
Price / SF$0.16
Days on Market237
Property Features for 635 S Wickham Road #101
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Sprinkler System
Building Details
Year Built
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Mccoyfreeman
Added: Mar 18
Changed: Nov 8
Last Checked: Nov 8 at 3:43PM
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 The Ullian Realty Corporation
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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 2,000-square-foot retail suite is configured for salon operations, with a reception and waiting area, six styling chairs, three shampoo stations, and a color bar. An office, laundry room, break area, and two restrooms provide additional functional space. The corner unit has a drop ceiling, vinyl flooring, and full fire-sprinkler coverage. Remaining furniture, fixtures, and equipment may be purchased.
The plaza provides 87 paved, striped, and lighted shared parking spaces. Nearby routes include Interstate 95, US 192, and US 1. City water and sewer service the property, with electric service from FPL. The building was constructed in 2000.
The plaza provides 87 paved, striped, and lighted shared parking spaces. Nearby routes include Interstate 95, US 192, and US 1. City water and sewer service the property, with electric service from FPL. The building was constructed in 2000.
Key Highlights
- 2,000‑square‑foot salon suite with six chairs, three shampoo stations, and a color bar
- Reception and waiting area, office, laundry room, break area, and two restrooms
- Corner unit with drop ceiling and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$270,390
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,407,800
$5.4M
Cap Rate 7%
$3,862,714
$3.9M
Cap Rate 9%
$3,004,333
$3.0M
Market Conditions
NOI Build-Up for 23,453 SF
Gross rent
$422.2K $18.00/SF
− Vacancy
−$35.9K −$1.53/SF
EGI
$386.3K $16.47/SF
− OpEx
−$115.9K −$4.94/SF
NOI
$270.4K $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%
$5,407,800
Cap Rate 7%
$3,862,714
Cap Rate 9%
$3,004,333
Alternative Uses
Best Use
Retail
$3.86M
$3.38M – $4.51M
NOI $270,390 @ 7.0% cap · market cap 7,147.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.19M
$5.41M – $7.22M
NOI $433,130 @ 7.0% cap · market cap 11,449.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
163k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Shops & Services 27%
Apparel 11%
Hotels & Casinos 6%
Sam's Club
Superstores
78,113 visits/mo
0.5 miles
RaceTrac
Shops & Services
43,602 visits/mo
0.5 miles
Goodwill
Apparel
17,183 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,843 visits/mo
0.5 miles
Rooms To Go Furniture Store
Home Improvements & Furnishings
5,631 visits/mo
0.5 miles
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 Retail space in Brevard County, FL
Properties on Market for Retail space in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A corner layout includes client service areas, staff support space, and two restrooms.
Where is this retail space located?
The property is located at 635 S Wickham Road #101 West Melbourne, FL.
What are key features of this property?
This property features: 2,000‑square‑foot salon suite with six chairs, three shampoo stations, and a color bar; Reception and waiting area, office, laundry room, break area, and two restrooms; Corner unit with drop ceiling and vinyl flooring
