Medical Office
6549 N Wickham Road #103, Melbourne, FL 32940
For Sale
$649,900
Pending
Configured for medical or professional office use, the occupied unit includes exam rooms, reception, a waiting room, and support areas.
Property Size1,994 SF
Days on Market92
Property Features for 6549 N Wickham Road #103
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Amenities
lake
jogging/walking sidewalk
electric car charging stations
LED signs
Building Details
Year Built
Listing Agency:
Hart To Hart Real Estate, Inc.
(321) 693-2672
Listed By:
Richard J Hart · License FL #590871
(321) 242-2526
Source:
Mccoyfreeman
Added: Aug 11
Changed: Nov 10
Last Checked: Nov 9 at 8:58PM
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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Investment Insights
Based on property information with market context.
Built in 2016, this 1,994-square-foot medical office condominium is occupied by a medical tenant. Its layout includes six exam rooms or offices, a separate private office, two bathrooms, reception with check-in and check-out areas, a waiting room, work area, break room, and two storage closets. Deed restrictions apply to the property.
The unit is within Brevard Medical City, a mixed-use commercial and residential development in the Suntree/Viera area of Brevard County. The development has four entrance points, a 6.5-acre lake with a lighted walking and jogging path, electric vehicle charging stations, and three color LED business signs along Wickham Road. Senior housing, healthcare, and professional businesses are also present in the development.
The unit is within Brevard Medical City, a mixed-use commercial and residential development in the Suntree/Viera area of Brevard County. The development has four entrance points, a 6.5-acre lake with a lighted walking and jogging path, electric vehicle charging stations, and three color LED business signs along Wickham Road. Senior housing, healthcare, and professional businesses are also present in the development.
Key Highlights
- 1,994‑square‑foot medical office condominium, built in 2016
- Six exam rooms or offices, plus a private office
- Two bathrooms, reception, waiting room, work area, break room, and two storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,340
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,800
$566.8K
Cap Rate 7%
$404,857
$404.9K
Cap Rate 9%
$314,889
$314.9K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$50.2K $25.20/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$47.2K $23.69/SF
− OpEx
−$18.9K −$9.48/SF
NOI
$28.3K $14.21/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,800
Cap Rate 7%
$404,857
Cap Rate 9%
$314,889
Alternative Uses
Best Use
Healthcare Medical
$404.9K
$354.3K – $472.3K
NOI $28,340 @ 7.0% cap · market cap 4.36%
Second Best
Office B
$389.2K
$340.5K – $454.0K
NOI $27,242 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 32940, FL
44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Melbourne, FL
Properties on Market for Medical Office Space in Melbourne
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical or professional office use, the occupied unit includes exam rooms, reception, a waiting room, and support areas.
Where is this medical office space located?
The property is located at 6549 N Wickham Road #103 Melbourne, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1,994‑square‑foot medical office condominium, built in 2016; Six exam rooms or offices, plus a private office; Two bathrooms, reception, waiting room, work area, break room, and two storage closets
