Retail Suite with Private
For Sale
Contact for pricing
7777 N Wickham Road #15, Melbourne, FL 32940
A flexible interior layout includes an open area, a separate room, and a restroom.
Property Size7,035 SF
Price / SF$0.45
Days on Market51
Property Features for 7777 N Wickham Road #15
General Information
Standard status
Active
Size
7,035 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Publix
Currently Operating
Yes
Building Details
Year Built
1996
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License #3215665
(321) 848-7344
Source:
Mccoyfreeman
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 29 at 2:43PM
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 Waterman Real Estate Inc.
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 at Suntree Square Plaza contains 7,035 square feet and was built in 1996. Its current salon configuration includes an open main area, one enclosed private room, and a restroom, offering a defined layout for commercial occupancy.
The plaza is anchored by Publix and is situated off Wickham Road in Melbourne, Florida.
The plaza is anchored by Publix and is situated off Wickham Road in Melbourne, Florida.
Key Highlights
- 7,035‑square‑foot retail suite
- Existing salon layout with an open area, one private room, and a restroom
- Located in Suntree Square Plaza, anchored by Publix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,107
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,140
$1.6M
Cap Rate 7%
$1,158,671
$1.2M
Cap Rate 9%
$901,189
$901.2K
Market Conditions
NOI Build-Up for 7,035 SF
Gross rent
$126.6K $18.00/SF
− Vacancy
−$10.8K −$1.53/SF
EGI
$115.9K $16.47/SF
− OpEx
−$34.8K −$4.94/SF
NOI
$81.1K $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%
$1,622,140
Cap Rate 7%
$1,158,671
Cap Rate 9%
$901,189
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $81,107 @ 7.0% cap · market cap 2,571.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,922 @ 7.0% cap · market cap 4,119.28%
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 - A flexible interior layout includes an open area, a separate room, and a restroom.
Where is this retail space located?
The property is located at 7777 N Wickham Road #15 Melbourne, FL.
What are key features of this property?
This property features: 7,035‑square‑foot retail suite; Existing salon layout with an open area, one private room, and a restroom; Located in Suntree Square Plaza, anchored by Publix
