Entity Owned 
For Lease
1 / 33
$3,416/Mo
7777 N Wickham Rd, Melbourne, FL 32940
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Property summary
AI-generated overview
The property is a retail suite configured for a customer-facing layout, featuring an open area upon entry and office or storage space located at the rear. The unit includes a restroom and provides back-of-house space suitable for day-to-day operations. It is situated off Wickham Road within Suntree Square Plaza, a retail center anchored by Publix, and is positioned within the plaza for prominent visibility and access. The interior configuration is flexible and was historically used as a CBD retail space, supporting a range of service-oriented or office-based uses.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,432 SF
Lot
9.74 ac (424,274 SF)
Zoning code
PUD
APN
26-36-14-29-00025.A-0000.00
UPID
US18-2839584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.57M
Owner & transaction history
since 2001
1 recorded transaction
Zoning & alternative use
PUD · Melbourne, FL
Zoning description
The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Office building
$2.5M
+92.3%
Auto repair, garage
$2.1M
+63.2%
Retail stores
$1.6M
+25.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.57M
Value range
$1.41M – $1.73M
±10% around blend
Estimated value / SF
$166 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$1.41M
blend $1.57M
$1.73M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,432 SF
Lot area
9.74 ac
Year built
1996
Stories
1
APN
26-36-14-29-00025.A-0000.00
Zoning
PUD
Assessed value
$7,086,410
Annual tax
$131,339
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.94M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.10M
@ 6.5% CAP return
$1.94M
@ 7% CAP return
$1.80M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$131,339
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.30M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 10,001 SF
12.4 mi away · 6,803 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 75 sales
$137
+22%
County 148 sales
$138
+21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $166/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+92%
vs current-use indication
Auto Repair, Garage
Retail Stores
Medical Building
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
9.80%
Selected cap rate for this strip malls
Derived from the Melbourne market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.80%
9.0%
NOI (est.)
$991k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.11M
Move the market yield to see immediate price impact.
Value / SF
$1,072
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.30%9.80%10.30%
$892k
$9.59M
$9.10M
$8.66M
$991k
$10.66M
$10.11M
$9.62M
$1.09M
$11.72M
$11.13M
$10.58M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.50M
6.3 mi · Mar 2026 · $129/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$131,339
Tax year 2023
Assessed value
$7,086,410
Assessed 2023
Previous assessed
$6,959,880
+1.8% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,862,530
Assessed improvement
$4,223,880
Land market value
$2,862,530
Improvement market value
$4,223,880
Total market value
$7,086,410
Applied tax rate
4,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Units
4
Total area
9,432 SF
Lot
9.74 ac (424,274 SF)
Zoning code
PUD
APN
26-36-14-29-00025.A-0000.00
UPID
US18-2839584
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Melbourne, FLZoning PUD · permitted uses
PUD · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
4
Lot
9.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PUD
PLANNED_DEVELOPMENT
Jurisdiction
Melbourne, FL
Recorded code
PUD
Official district
PUD
Official district profile
What the municipal code says about PUD
Zoning description
The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or…
General category
PLANNED_DEVELOPMENT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Melbourne, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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