Property profile

1340 S Wickham Rd Melbourne, FL 32904

FOR SALE
Office Spaces
Property ID
US18-6313167
Built 1958
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Property summary

AI-generated overview

This exceptional commercial property, located at 1340 S Wickham Road in Melbourne, Florida (zip code 32904), presents a unique investment opportunity. Built in 1958, the property boasts a substantial 36,154.8 square foot lot, offering ample space for various commercial uses. The existing building comprises approximately 2,200 square feet of office and retail space, ideal for a range of businesses. Situated on a busy, high-traffic road, this property ensures maximum visibility and accessibility, attracting significant foot and vehicle traffic. The nearly one-acre lot provides incredible flexibility for expansion, allowing for the construction of additional buildings or facilities, or the creation of extensive parking areas. Its expansive layout is particularly well-suited for businesses requiring space for commercial vehicles, equipment storage, outdoor showrooms, or entertainment venues. The property's location in Brevard County, Florida, offers unparalleled visibility and a strong presence within the community. This versatile property is perfect for businesses seeking to establish a headquarters, expand their operations, or capitalize on the potential for future development. The asking price is $620,000.

Property profile

Verified
Property type Office Spaces
Year built 1958
UPID US18-6313167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center

Location

1340 S Wickham Rd Melbourne, FL 32904
Melbourne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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