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Property profile & analytics
OFF-MARKET
Office Spaces

700 700 Rd Melbourne, FL 32935

0.06 ac lot Built 1983
Property ID
Property summary
AI-generated overview

This exceptional 149,900 USD office condo presents a fantastic opportunity for business owners or investors seeking a low-maintenance, high-traffic location. Situated on the first floor of a well-maintained building at 700 N Wickham Road, Melbourne, FL, this property boasts a convenient and desirable address in a high-traffic area. The condo offers a compact space ideal for a small business or as a low-risk investment property. The building features attractive common areas, including a welcoming fountain, adding to the professional and inviting atmosphere. Access is convenient, with elevator access located at the rear of the building. Security measures are in place, ensuring peace of mind with secured building access after business hours. The property sits on a 0.06-acre lot. Common area maintenance (CAM) fees are included in the price and cover essential services such as water, garbage removal, exterior building maintenance, and building insurance, minimizing the owner's ongoing expenses. This turnkey solution offers a blend of convenience, security, and affordability, making it an attractive proposition for discerning buyers. The property's location on Wickham Road ensures high visibility and accessibility, making it an ideal choice for a variety of businesses. Don't miss this chance to acquire a valuable asset in a thriving commercial area.

Property profile
Verified
Property type Office Spaces
Year built 1983
Lot 0.06 ac (2,614 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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