Updated Retail
For Sale
Contact for pricing
678 N Wickham Road #678, Melbourne, FL 32935
The adaptable interior is presented for retail or office use within a fully occupied shopping center.
Property Size2,800 SF
Price / SF$1.17
Days on Market80
Property Features for 678 N Wickham Road #678
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
30,000 vehicles/day
Tenant in Place
Yes
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Aug 12
Changed: Oct 30
Last Checked: Oct 30 at 1:51AM
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 2,800-square-foot retail space was built in 1988 and has an updated interior. Its configuration is described as suitable for retail or office use.
The property is part of a fully occupied shopping center on N Wickham Road. The corridor carries more than 30,000 cars per day, and over 100,000 residents live within a 15-minute drive. Kelly's Bar and several retail magnets are nearby.
The property is part of a fully occupied shopping center on N Wickham Road. The corridor carries more than 30,000 cars per day, and over 100,000 residents live within a 15-minute drive. Kelly's Bar and several retail magnets are nearby.
Key Highlights
- 2,800 square feet of updated space
- Located in a fully occupied shopping center
- More than 30,000 cars per day on N Wickham Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,281
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,620
$645.6K
Cap Rate 7%
$461,157
$461.2K
Cap Rate 9%
$358,678
$358.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$50.4K $18.00/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$46.1K $16.47/SF
− OpEx
−$13.8K −$4.94/SF
NOI
$32.3K $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%
$645,620
Cap Rate 7%
$461,157
Cap Rate 9%
$358,678
Alternative Uses
Best Use
Retail
$461.2K
$403.5K – $538.0K
NOI $32,281 @ 7.0% cap · market cap 988.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 1,583.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
212k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Dining 33%
Shops & Services 15%
Electronics 3%
Walmart
Superstores
104,201 visits/mo
0.4 miles
Wendy's
Dining
15,550 visits/mo
0.4 miles
Murphy USA
Shops & Services
14,891 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
13,418 visits/mo
0.4 miles
Panda Express
Dining
13,415 visits/mo
0.4 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 - The adaptable interior is presented for retail or office use within a fully occupied shopping center.
Where is this retail space located?
The property is located at 678 N Wickham Road #678 Melbourne, FL.
What are key features of this property?
This property features: 2,800 square feet of updated space; Located in a fully occupied shopping center; More than 30,000 cars per day on N Wickham Road
