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    7954 Wickham Rd Melbourne, FL 32940

    For Lease
    Contact for pricing

    Suntree retail space, high-traffic location.

    Lot size:
    24,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Shoppes at Baytree offers exceptional retail opportunities in the affluent Suntree community of Brevard County. This single-story, 24,200 square foot building, constructed and renovated in 2018, boasts a prime location with high visibility. Currently, there are two available spaces: Unit 119 is immediately available, offering 3,675 square feet of vacant space. Unit 111/112 will become available on October 1, 2024, and offers a contiguous space of up to 2,275 square feet. The minimum divisible space is 1,400 square feet, providing flexibility for various business needs. The property benefits from a strong demographic profile, with an average household income exceeding $120,928 within a one-mile radius. Its strategic location on N Wickham Road provides significant exposure to a high volume of traffic, with 37,500 cars passing daily. Furthermore, its proximity to I-95 ensures easy access for customers and employees. This presents a rare opportunity to establish a business in a thriving, high-income area with excellent visibility and convenient access. The property is ideal for businesses seeking a well-maintained, modern space in a desirable location.

    Property Features for 7954 Wickham Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,200 SF

    Building Details

    Year Built/Renovated
    2018/2018
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 111 &112
    Size
    2,275 SF
    Space
    Unit 119
    Size
    1,400 SF

    HighLights

    • 24,200 SF retail center in Brevard County.
    • Multiple tenants, with 3,675 SF currently vacant.
    • Spaces available range from 1,400 SF to 2,275 SF.
    • Built and renovated in 2018, single‑story building.
    • High‑traffic location on N Wickham Rd (37,500 CPD), less than one mile from I‑95.
    • Located in the affluent Suntree community, with average household incomes exceeding $120,928 within a one‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    BeMe Natural Health And Beauty Shop Island Root Kava ... Cafe Posh Nails Nail Salon Classique Properties of Brevard, ... Real Estate Agent The Blind Spot Window Treatment Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.70364889
    Latitude
    28.23064633

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    FAQs

    What type of property is this?
    Retail property - Suntree retail space, high-traffic location.
    Where is this retail property located?
    The property is located at 7954 Wickham Rd Melbourne, FL.
    What are key features of this property?
    This property features: 24,200 SF retail center in Brevard County.; Multiple tenants, with 3,675 SF currently vacant.; Spaces available range from 1,400 SF to 2,275 SF.
    Request Owner's contact information
    7954 Wickham Rd Melbourne, FL 32940
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    Melbourne, FL 32940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7954 Wickham Rd Melbourne, FL 32940
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