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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

7970 Wickham Rd Melbourne, FL 32940

13,388 SF 1.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 13,388-square-foot single-tenant building presents a unique investment opportunity in the desirable Suntree community of Melbourne, Florida. Currently vacant, the property offers 11,200 square feet of adaptable space previously used as a medical office, situated on a 1.76-acre lot. The building enjoys a prime corner location at the intersection of Baytree Drive and North Wickham Road, boasting significant visibility with 36,500 vehicles passing daily on North Wickham Road. Its proximity to Interstate 95 (less than one mile) ensures excellent accessibility and high traffic volume. The property's zoning and location make it ideal for a variety of uses, including a single-tenant occupancy or as a pad site for quick-service restaurants (QSRs), gas stations, or car washes. The building's substantial size and prominent location in the affluent Suntree submarket offer significant potential for future development and strong returns. The property is classified as Retail, Office, and Restaurant, providing flexibility for a diverse range of potential tenants. This is a rare opportunity to acquire a substantial, well-located property in a thriving Florida market. The address is 7970 N Wickham Rd, Melbourne, FL 32940.

Property profile
Verified
Property type Retail properties & Spaces
Total area 13,388 SF
Lot 1.76 ac (76,666 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
Current use
Occupant on record · Public records
  • Raymond DeLorenzi, MD Physician
  • Ortho Viera Medical Clinic
  • Javier Soto, MD Physician
  • Wuesthoff Health System Physician
  • Dr. Stephen W. White, DO Physician
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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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