Medical Office
For Sale
Contact for pricing
6559 N Wickham Road #106, Melbourne, FL 32940
A reception area, waiting room, and multiple exam or office rooms support medical and general office use.
Property Size2,190 SF
Price / SF$2.92
Days on Market26
Property Features for 6559 N Wickham Road #106
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Medical Office
Building Details
Year Built
2016
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Oct 6
Changed: Oct 29
Last Checked: Oct 29 at 2:53PM
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
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Investment Insights
Based on property information with market context.
This 2,190-square-foot medical office suite includes a waiting room, reception area, and several exam or office rooms. Built in 2016, the space is located within an office and medical center.
The property is at 6559 N Wickham Road in Melbourne, Florida, along Wickham Road, described as a busy roadway.
The property is at 6559 N Wickham Road in Melbourne, Florida, along Wickham Road, described as a busy roadway.
Key Highlights
- 2,190‑square‑foot medical office suite
- Built in 2016
- Waiting room and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,562
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,240
$551.2K
Cap Rate 7%
$393,743
$393.7K
Cap Rate 9%
$306,244
$306.2K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$49.9K $22.80/SF
− Vacancy
−$4.0K −$1.82/SF
EGI
$45.9K $20.98/SF
− OpEx
−$18.4K −$8.39/SF
NOI
$27.6K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,240
Cap Rate 7%
$393,743
Cap Rate 9%
$306,244
Alternative Uses
Best Use
Office B
$425.7K
$372.5K – $496.7K
NOI $29,802 @ 7.0% cap · market cap 466.60%
Second Best
Healthcare Medical
$393.7K
$344.5K – $459.4K
NOI $27,562 @ 7.0% cap · market cap 431.53%
Theoretical Best
Office A
$577.8K
$505.6K – $674.1K
NOI $40,445 @ 7.0% cap · market cap 633.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, waiting room, and multiple exam or office rooms support medical and general office use.
Where is this medical office space located?
The property is located at 6559 N Wickham Road #106 Melbourne, FL.
What are key features of this property?
This property features: 2,190‑square‑foot medical office suite; Built in 2016; Waiting room and reception area
