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Property profile & analytics
OFF-MARKET Estimated value $535,000
Truck terminals

1220 Wickham Rd West Melbourne, FL 32904-2443

3,330 SF 0.98 ac lot Built 1972
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2915615
Property summary
AI-generated overview

This exceptional single-tenant retail property, located at 1220 S Wickham Road, offers 2,480 square feet of versatile commercial space. Situated on a 0.98-acre lot, this one-story building (APN 27-36-36-77-B-5) presents a fantastic opportunity for businesses seeking a prominent location. Currently available for lease at a rate of $12.00 per square foot (plus sales tax) for the entire building, the property benefits from its convenient location between Elis Road and State Road 192. The landlord is open to subdividing the space, with a minimum of 826 square feet available at a lease rate of $14.21 per square foot. This flexible arrangement caters to a range of business needs and sizes. Furthermore, significant renovations are planned for the near future, enhancing the property's appeal and functionality. The landlord is also willing to consider tenant improvement allowances (TI) to customize the space to meet specific tenant requirements. The property is zoned Commercial Wickham, ensuring compliance with local regulations. This is an ideal opportunity to establish or expand your business in a high-traffic area with excellent visibility.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,330 SF
Lot 0.98 ac (42,689 SF)
Zoning code C2
APN 27-36-36-77-0000B.0-0005.00
UPID US18-2915615
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
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$424k
Blend (final) Blend
$535k
Owner & transaction history
Acl Wickham Properties LLC · 3 yrs held
Acl Wickham Properties LLC
since 2023
Last sale
$600,000
5 recorded transactions
2026
Price N/A
2023
$600,000
2018
Price N/A
2018
$415,000
2014
Price N/A
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $745,000 +133.9%
Office building $675,000 +112.1%
Retail stores $570,000 +79.5%
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