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Property profile & analytics
FOR LEASE
Strip malls

6455 N Wickham Rd Melbourne, FL 32940

6,724 SF 0.91 ac lot Built 2018
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-8384953
Property summary
AI-generated overview

This exceptional retail opportunity is located at 6455 N Wickham Rd in Brevard County, Florida. The property, built in 2016, consists of a single building totaling 5,984 square feet, situated on a 0.91-acre lot. The building is zoned BU1 and offers multiple tenancy options. Currently, two suites are available, each with a minimum divisible space of 1,505 square feet, and a maximum contiguous space of 1,505 square feet. A total of 3,010 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The property benefits from its strategic outparcel location within the thriving Pineda Landings shopping center, enjoying high visibility and traffic flow. Established national and regional tenants such as Fresh Market, Zaxby's, Jersey Mike's, and Orange Theory Fitness are already present, creating a strong synergy and attracting a substantial customer base. The property features prominent pylon and building signage, ensuring maximum brand exposure. Easy access to the property further enhances its appeal and convenience for both businesses and customers. This is an ideal location for businesses seeking high visibility and a strong tenant mix. The property's modern construction and prime location make it an attractive investment opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction FRAME
Total area 6,724 SF
Lot 0.91 ac (39,640 SF)
APN 26-36-13-WH-0000A.0-0005.00
UPID US18-8384953
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
  • Dentists of Melbourne Dental Office
  • Natalia Besada Dental Office
  • Terryl Crawford Dental Office
  • Dr. Valerie Lemus Dental Office
  • Dr. Katie Mccann Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$922k
Blend (final) Blend
$800k
Owner & transaction history
Melbourne Covenant Group LLC · 6 yrs held
Melbourne Covenant Group LLC
since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +25.3%
Medical building $1.1M +16.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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