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Property profile & analytics
OFF-MARKET
Retail space
5600 Wickham Rd Melbourne, FL 32940-7333
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-6904712
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,386 SF
Lot
4.58 ac (199,505 SF)
Zoning code
BU-1
APN
26-36-24-00-00760.0-0000.00
UPID
US18-6904712
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
-
Tractor Supply Company Building Supply Hardware & Home Improvement
-
Tractor Supply Co. Pet Store & Service
-
Garden Center at Tractor Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nice Realty South LLC · 1 yrs held
Nice Realty South LLC
since 2025
Last sale
$7.4M
3 recorded transactions
Zoning & alternative use
BU-1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,230
Tax year 2023
Assessed value
$2,722,090
Assessed 2023
Previous assessed
$1,595,060
+70.7% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,595,060
Assessed improvement
$1,127,030
Land market value
$1,595,060
Improvement market value
$1,127,030
Total market value
$2,722,090
Applied tax rate
4,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
22,386 SF
Lot
4.58 ac (199,505 SF)
Zoning code
BU-1
APN
26-36-24-00-00760.0-0000.00
UPID
US18-6904712
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Melbourne, FL
Zoning BU-1 · permitted uses
BU-1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.58 ac
Current owner
From public records · entity-resolved
Nice Realty South LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1100 E MOREHEAD ST, CHARLOTTE, NC 28204-2815
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
$7,372,881
Nice Realty South LLC
Primax Properties LLC
Special Warranty Deed
—
May 17, 2022
—
Brevard County
Primax Properties LLC
Warranty Deed
—
Jan 31, 2022
$1,900,000
Primax Properties LLC
Elio Zeppieri
Special Warranty Deed
$900,000 · Jfs Holdings LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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