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    1865 Wickham Rd Melbourne, FL 32935

    Sponsored
    For Sale
    $999,000

    High-yield retail & storage complex

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Melbourne, Florida commercial property, located at 1865 N Wickham Road, 32935, presents a lucrative investment opportunity. The 9,600 square foot building, constructed in 1962, boasts a unique blend of retail and storage space, perfectly suited for a diverse range of businesses. Three street-facing retail or office units, totaling 2,281 square feet, provide excellent visibility and accessibility. The remaining 7,319 square feet comprises 41 climate-controlled mini-storage units, strategically positioned in the center and rear of the property. These units offer convenient 24-hour access via pedestrian doors, catering to a wide range of storage needs. The property's location in Brevard County ensures high traffic and visibility, making it an ideal investment for both seasoned and aspiring commercial property owners. The asking price is $999,000. This four-unit property is situated on a lot with no specified square footage. The property's diverse offerings and prime location make it a truly exceptional investment opportunity in a thriving market. Don't miss this chance to acquire a valuable asset in a high-demand area.

    Property Features for 1865 Wickham Rd

    General Information

    Property type
    Retail properties
    Square Feet
    9,600 SF

    Building Details

    Year Built
    1962
    Units
    4

    HighLights

    • $999,000 asking price.
    • 9,600 square foot retail property.
    • Four units total.
    • Built in 1962.
    • Located at 1865 N Wickham Road, Melbourne, FL 32935.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Auto Insurance World Auto Insurance Agency Wickham Road Mini ... Self-Storage Facility Wickham Rd iRepair Mobile Phone Repair Shop Amazon Counter - Wickham ... Mailing Service Indian River Tax ... Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.671286
    Latitude
    28.1375471

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    FAQs

    What type of property is this?
    Retail property - High-yield retail & storage complex
    Where is this retail property located?
    The property is located at 1865 Wickham Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; 9,600 square foot retail property.; Four units total.
    Request Owner's contact information
    1865 Wickham Rd Melbourne, FL 32935
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    Melbourne, FL 32935
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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
    1865 Wickham Rd Melbourne, FL 32935
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