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Property profile & analytics
FOR LEASE
Strip malls

1865 N Wickham Rd Melbourne, FL 32935

9,984 SF 0.42 ac lot Built 1962
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-3714944
Property summary
AI-generated overview

This exceptional commercial property, located at 1865 N Wickham Rd, Melbourne, FL 32935, presents a lucrative investment opportunity. The 9,800 square foot building, constructed in 1963, sits on a 0.42-acre lot and features three separate buildings. The property boasts a diverse income stream, combining three street-facing retail/office units totaling 2,281 square feet with 41 climate-controlled mini-storage units encompassing 7,319 square feet. The mini-storage units offer 24-hour customer access via pedestrian doors. The building's 9.6-foot ceiling height adds to its functionality. This established business, held under a Family Trust ownership, offers long-term tenants and multiple income streams, making it an ideal investment for those seeking a stable and profitable venture in a desirable Brevard County location. The property's prime location on Wickham Road ensures high visibility and accessibility. This is a rare opportunity to acquire a well-established, multi-faceted commercial property with significant potential for growth and return on investment. The asking price is $999,000.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,984 SF
Lot 0.42 ac (18,295 SF)
Zoning code C2
APN 27-37-18-26-0000A.0-0006.00
UPID US18-3714944
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
  • A Auto Insurance World Insurance Agency
  • Wickham Road Mini Storage Storage Facility
  • Wickham Rd iRepair Computer & Electronic Repair Tech Support Center
  • Amazon Counter - Wickham RD iRepair Postal Service Courier Service
  • Indian River Tax Service Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$491k
Blend (final) Blend
$725k
Owner & transaction history
Jl Properties Of Brevard LLC · 1 yrs held
Jl Properties Of Brevard LLC
since 2025
Last sale
$825,000
1 recorded transaction
2025
$825,000
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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