Property profile

605 Wickham Rd 105 Melbourne, FL 32904

OFF-MARKET
Grocery and convenience stores
Property ID
US18-2355426
3,097 SF 1.38 ac lot Built 1999
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 2,989-square-foot commercial property, formerly a 7-Eleven, presents a unique investment opportunity in West Melbourne, Florida. Located on Wickham Road, a major arterial with an impressive 25,500 average annual daily traffic (AADT), this single-tenant building boasts high visibility and accessibility. The property sits on a 1.38-acre lot, offering ample space for potential expansion or future development. The existing structure is a durable concrete block and steel construction. Ideal for a variety of uses, including retail, office, or restaurant, the building features a substantial 750-gallon grease trap, a large walk-in cooler and freezer, perfect for food service businesses. Previous fuel tanks and canopy have been removed, simplifying redevelopment plans. The property benefits from its location in a densely populated residential area and its proximity to major employers like L3 Harris and Northrup Grumman, ensuring a strong potential customer base. This versatile property offers significant upside potential for a savvy investor seeking a prime location in a thriving market. The property is zoned for office use and is ready for immediate occupancy or redevelopment. The ample land provides room for expansion or the construction of additional buildings. This is a rare opportunity to acquire a well-located commercial property in a high-growth area of Brevard County. The address is 605 S Wickham Rd, West Melbourne, FL 32904.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,097 SF
Lot 1.38 ac (60,113 SF)
Zoning code C2
APN 27-36-36-00-00007.0-0000.00
UPID US18-2355426

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
  • Atm

Location

605 Wickham Rd, Unit 105 Melbourne, FL 32904-1644
Melbourne metro Census 64601 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$505k

Owner & transaction history

since 2026
6 recorded transactions
2026
$1.6M
2018
Price N/A
2014
$2.4M
1992
$125,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

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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