Retail Suite with Rear
For Sale
Contact for pricing
Pending
7777 N Wickham Road #14, Melbourne, FL 32940
The layout pairs an open customer area with rear office and storage space, plus an on-site restroom.
Property Size85,969 SF
Days on Market180
Property Features for 7777 N Wickham Road #14
General Information
Standard status
Pending
Size
85,969 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Publix
Building Details
Year Built
1996
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: May 8
Changed: Oct 29
Last Checked: Oct 29 at 2:33PM
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 suite has an open area at the entrance, with office and storage space positioned at the rear and a restroom within the unit. The configuration supports a range of retail and service-oriented uses.
The space is in Suntree Square Plaza, a Publix-anchored center on N Wickham Road in Melbourne. The property was built in 1996.
The space is in Suntree Square Plaza, a Publix-anchored center on N Wickham Road in Melbourne. The property was built in 1996.
Key Highlights
- Open entry area with office and storage at the rear
- Restroom located within the suite
- Situated in Publix‑anchored Suntree Square Plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$991,137
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,822,740
$19.8M
Cap Rate 7%
$14,159,100
$14.2M
Cap Rate 9%
$11,012,633
$11.0M
Market Conditions
NOI Build-Up for 85,969 SF
Gross rent
$1.55M $18.00/SF
− Vacancy
−$131.5K −$1.53/SF
EGI
$1.42M $16.47/SF
− OpEx
−$424.8K −$4.94/SF
NOI
$991.1K $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%
$19,822,740
Cap Rate 7%
$14,159,100
Cap Rate 9%
$11,012,633
Alternative Uses
Best Use
Retail
$14.16M
$12.39M – $16.52M
NOI $991,137 @ 7.0% cap · market cap 29,014.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.68M
$19.85M – $26.46M
NOI $1,587,675 @ 7.0% cap · market cap 46,477.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 34%
Shops & Services 29%
Beauty & Spa 2%
Publix
Groceries
33,843 visits/mo
0.1 miles
Sunoco
Shops & Services
10,949 visits/mo
0.1 miles
Metro Diner
Dining
9,762 visits/mo
0.4 miles
Taco Bell
Dining
9,033 visits/mo
0.2 miles
Carrabba's Italian Grill
Dining
8,690 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The layout pairs an open customer area with rear office and storage space, plus an on-site restroom.
Where is this retail space located?
The property is located at 7777 N Wickham Road #14 Melbourne, FL.
What are key features of this property?
This property features: Open entry area with office and storage at the rear; Restroom located within the suite; Situated in Publix‑anchored Suntree Square Plaza
