Palm Bay Commercial
6922 Babcock Street SE Palm Bay, FL 32909
6922 Babcock Street SE, Palm Bay, FL, 32909
$875,000
For Sale
$875,000
COMMERCIAL - Palm Bay, FL
Property Size5,150 SF
Lot Size1.76 Acres
Price / SF$169.90
Days on Market140
Property Features for 6922 Babcock Street SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Open, RV
- Security features
- Security System
- Fencing
- Fenced, Chain Link
- Standard status
- Active
- APN
- 29-37-09-00-00755.0-0000.00
- Size
- 5,150 SF
- Lot size
- 1.76 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S 130 FT OF LOT 16 AS DES IN ORB 1435 PG 790
- Tax Annual Amount
- 2122
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle, Metal
Listing Agency
Flamm Real Estate LLC
(321) 863-8498
9202 Flamms Pl., Palm Bay, FL
Listed by
Teresa Flamm · License #3014466
(321) 863-8498
Added: Mar 3 Updated: May 14 at 12:15 pm Checked: Jul 21 at 2:06 am
MLS# 1070880
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 property, located in Palm Bay, Florida, is zoned for general commercial use but is currently used as a residence. The property includes a pool home with a new metal roof, situated on 1.76 acres. The home features a private pool, an outdoor tiki bar, a firepit, and an outdoor half bath. Additionally, there is a separate dwelling unit with 2 bedrooms and 1 bathroom, which could serve as an apartment or mother-in-law suite. Both buildings have been remodeled with updated flooring, fixtures, cabinets, kitchens, and baths. The property also includes covered RV parking with hookups. A monitored security system is in place. The property is currently income-producing with tenants. Leased solar panels will transfer to the new buyers. The total property size is 5150 square feet.
Key Highlights
- Income‑producing property with tenants in place and additional dwelling unit (2 bed/1 bath apartment/mother‑in‑law suite).
- Zoned General Commercial with current residential use on 1.76 acres.
- Private pool with outdoor tiki bar, firepit, and outdoor half bath.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.1k | $20.40 |
| − Vacancy | −$9.5k | −$1.84 |
| EGI | $95.6k | $18.56 |
| − OpEx | −$35.9k | −$6.96 |
| NOI | $59.8k | $11.60 |
5,150 SF · lease $20.40/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$853.6K
$746.9K – $995.9K
NOI $59,753 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$766.8K
$671.0K – $894.6K
NOI $53,677 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,110 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing property with pool, tiki bar, and separate dwelling.
Where is this mixed-use property located?
The property is located at 6922 Babcock Street SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Income‑producing property with tenants in place and additional dwelling unit (2 bed/1 bath apartment/mother‑in‑law suite).; Zoned General Commercial with current residential use on 1.76 acres.; **Private pool with outdoor tiki bar, firepit, and outdoor half bath.**
