Medical Office Suite with Treatment
For Sale
$393,900
336 N Babcock St, Melbourne, FL 32935
Commercial Sale, Melbourne, FL
Property Size1,260 SF
Lot Size0.29 Acres
Price / SF$312.62
Days on Market197
Property Features for 336 N Babcock St
General Information
Property type
Residential
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned
Lot features
Cleared
Directions
Head south on US-1 S, turn right onto Babcock St, and the destination will be on your right.
Subdivision
330 - Melbourne - Central
Standard status
Active
APN
27-37-28-00-00002.H-0000.00
Size
1,260 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALMS POINTE OFFICE PARK CONDO PH II UNIT 4D PALMS POINTE OFFICE PARK CONDO PH II AS DESC IN ORB 5914 PG 1823 AND ALL AMENDMENTS THERETO
Tax Annual Amount
2882
Legal Description
PALMS POINTE OFFICE PARK CONDO PH II UNIT 4D PALMS POINTE OFFICE PARK CONDO PH II AS DESC IN ORB 5914 PG 1823 AND ALL AMENDMENTS THERETO
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
monument signage
Building Details
Year built
2008
Number of units
1
Building materials
Concrete
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero
(321) 290-9093
Added: Feb 13
Changed: Aug 19
Last Checked: Aug 29 at 4:06PM
MLS# 1069372
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,260-square-foot medical office suite is located within Palms Pointe Office Park and includes seven private rooms. Five rooms are equipped with sinks and cabinetry, supporting clinical, personal service, and wellness-oriented operations. The suite was built in 2008 with concrete construction and includes a bathroom.
The property is positioned at 336 N Babcock St in Melbourne, Florida, with monument signage and assigned parking. Public water and public sewer serve the property. Its room configuration and installed sink and cabinetry features provide a specialized setup for medical office and related professional service uses.
The property is positioned at 336 N Babcock St in Melbourne, Florida, with monument signage and assigned parking. Public water and public sewer serve the property. Its room configuration and installed sink and cabinetry features provide a specialized setup for medical office and related professional service uses.
Key Highlights
- 1,260‑square‑foot medical office suite at Palms Pointe Office Park
- Seven private rooms, including five with sinks and cabinetry
- Concrete construction completed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,920
$342.9K
Cap Rate 7%
$244,943
$244.9K
Cap Rate 9%
$190,511
$190.5K
Market Conditions
NOI Build-Up for 1,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.2K $21.60/SF
− Vacancy
−$4.4K −$3.46/SF
EGI
$22.9K $18.14/SF
− OpEx
−$5.7K −$4.54/SF
NOI
$17.1K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,920
Cap Rate 7%
$244,943
Cap Rate 9%
$190,511
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 4.35%
Second Best
Healthcare Medical
$226.5K
$198.2K – $264.3K
NOI $15,858 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$332.4K
$290.9K – $387.8K
NOI $23,270 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional layout includes private rooms with sink and cabinetry infrastructure.
Where is this medical office space located?
The property is located at 336 N Babcock St Melbourne, FL.
What is the asking price?
The asking price for this property is $393,900.
What are key features of this property?
This property features: 1,260‑square‑foot medical office suite at Palms Pointe Office Park; Seven private rooms, including five with sinks and cabinetry; Concrete construction completed in 2008
