6365 Wickham Rd Melbourne, FL 32940
- Strip malls
- 9,450 SF
- 11.48 lot acres
Current Use by Public Records
- Orangetheory Fitness / Gym / Personal Trainer
- 3Natives / Health Food Restaurant
- Quest Diagnostics Melbourne Wickham / Tb Clinic / Laboratory
- Asian Time - Asian Cuisine and Sushi Bar / Restaurant
- Quest Diagnostics / Diagnostic Center / Blood Testing Service
Property Details for 6365 Wickham Rd
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 11.48 lot acres
- Property size
- 9,450 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 26-36-13-WH-0000A.0-0007.00
- APU
- 263613WH0000A0000700
Description
This exceptional retail investment opportunity, Pineda Landings, is located in the thriving Viera/Suntree area of Melbourne, Florida, at the highly visible intersection of Wickham Road and Jordan Blass Drive. The property comprises 49,995 square feet across two single-story buildings, built in 2015, and sits on an expansive 11.48-acre lot. Currently, there are 1,070 square feet of vacant space available, offering immediate potential for expansion or new tenancy. The center boasts 322 total parking spaces and is zoned PUD. Pineda Landings benefits from a strong tenant roster, including a top-performing Fresh Market and other established businesses such as Orange Theory, Hand and Stone Massage, AT&T, and Super Cuts. The property's strategic location within a rapidly growing area, known for its high concentration of engineers and diverse population, makes it an attractive investment. Furthermore, a 1.2-acre build-to-suit development site is available, presenting additional development opportunities. The property's APN is 26-36-13-WH-A-7, located in Brevard County, Florida, zip code 32940. This is a rare chance to acquire a well-positioned retail center in one of Florida's fastest-growing markets.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $14,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $19,430,000
- 6.5%
- $18,975,000
- 7%
- $17,200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $18,085,000
- Geo Method
- $17,935,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $18,570,000
- Retail
- $16,325,000
- Mixed-Use
- $19,270,000
- Hospitality
- $18,845,000
- Educational
- $18,605,000
- Residential Income
- $20,970,000
- Energy
- $18,485,000
- Income-Based Land
- $16,925,000
- Food Service
- $18,685,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6726
- Latitude
- 28.2171
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
