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    Property profile & analytics

    1600 Wickham Rd Melbourne, FL 32904

    • Grocery and convenience stores
    • 1,500 SF
    • 0.92 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Last Sale
    Jul 26, 2023
    $1,546,000
    Location Intelligence
    Property ID
    US18-5498167
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mimmo's Pizza Ristorante / Pizza Restaurant / Restaurant
    • Petro Star Investments Llc / Investment Service
    • bp / Car Wash / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • ATM / Atm

    Property Details for 1600 Wickham Rd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    1,500 SF
    Zone code
    BU-1
    Property type
    Grocery and convenience stores
    APN
    27-36-13-00-00750.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional West Melbourne retail property, located at 1600 S Wickham Road, 32904, presents a unique investment opportunity. The single-story, 1,699 sq ft building sits on a 0.44-acre lot (17,859.6 sq ft), built in 1985. Currently operating as a charming Italian restaurant, the property features a recently remodeled interior with elegant marble countertop tables, new AC units, and a new walk-in cooler. An additional 0.33-acre parcel is available for expansion, offering potential for increased parking or other business enhancements. The inviting space also includes a 164 sq ft open porch, ideal for outdoor dining. A robust security system is in place. The current tenant pays a base rent of $3,000 plus NNN. This property is situated in a high-traffic area of West Melbourne, Florida, making it an attractive investment for both established and aspiring business owners. The asking price is $1,000,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,495,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,735,000
      Geo Method
      $1,735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,430,000
      Retail
      $1,295,000
      Mixed-Use
      $1,270,000
      Hospitality
      $1,575,000
      Educational
      $1,415,000
      Residential Income
      $1,475,000
      Energy
      $1,660,000
      Income-Based Land
      $1,495,000
      Food Service
      $1,225,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6722
    Latitude
    28.1332
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,800
    $440,000
    $276,360
    $716,360
    -
    $440,000
    $276,360
    $716,360

    Comparable in this City

    • Value Estimation
      $890,000
      2,820 SF

      2244 Sarno Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,820 SF
      2244 Sarno Rd, Melbourne, FL 32935-3004
      View Details
    • Value Estimation
      $240,000
      3,100 SF

      2455 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,100 SF
      2455 Wickham Rd, Melbourne, FL 32935-8129
      View Details
    • Value Estimation
      $355,000
      3,015 SF

      1734 Hbr City Blvd

      CONVENIENCE STORE • 3,015 SF
      1734 Hbr City Blvd, Melbourne, FL 32935-7607
      View Details
    • Value Estimation
      $580,000
      2,872 SF

      4001 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,872 SF
      4001 Wickham Rd, Melbourne, FL 32935-2473
      View Details
    • Value Estimation
      $230,000
      2,732 SF

      1268 Aurora Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,732 SF
      1268 Aurora Rd, Melbourne, FL 32935-5915
      View Details
    • Value Estimation
      $535,000
      640 SF

      2065 Wickham Rd, Unit GAS

      CONVENIENCE STORE • 640 SF
      2065 Wickham Rd, Melbourne, FL 32935-8151
      View Details

    Similar Nearby for Sale

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      Prime corner parcel for redevelopment in Melbourne, Florida.
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    Similar Nearby for Lease

    • Contact for pricing
      1,507 SF

      Renovated C-Store with Drive-Thru

      Renovated convenience store with drive-thru, available for lease/redevelopment.
      1600 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $114,100

      Retail Space Near Airport

      Retail spaces available in a high-traffic location near Melbourne Airport.
      1202-1292 Sarno Rd, Melbourne, FL 32935
      View Details
    • $18 SF/Yr
      2,000 SF

      Retail/Office Space on Wickham Road

      Retail or office space with high traffic count.
      635 S Wickham Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      14,781 SF

      Retail Space in Northgate Center

      Retail space available in Melbourne's Northgate Shopping Center.
      1874 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $27 SF/Yr
      2,092 SF

      Prime Retail/Restaurant Space, Melbourne, FL

      High-visibility retail or restaurant space on S Harbor City Blvd.
      2001 S Harbor City Blvd, Melbourne, FL 32935
      View Details
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    1600 Wickham Rd
    Melbourne, FL 32904
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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
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