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    6950 Babcock St SE Melbourne, FL 32909

    For Sale
    $4,950,000

    LAND - Palm Bay, FL

    Lot size:
    18.27 Acres
    Days on Market:
    114
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for 6950 Babcock St SE

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    29-37-09-00-00753.0-0000.00
    Lot size
    18.27 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public

    M. DAVID MOALLEM INC. (321) 724-2424 [email protected]

    Listing agent Vahid Reza Rajabian (321) 724-2424

    Listing date Aug 19, 2025

    MLS# 1012051 Listing URL

    Copyright © 2025 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.

    Overview

    Palm Bay 18-Acre Development Land

    Located in Palm Bay, Florida, this 18.27-acre property presents a real estate opportunity for single or multi-use development. The land can be divided into 4-14 or 5-13-acre plots. The location is along Babcock Street in Southeast Palm Bay, near planned future widening projects and newly built I-95 interchanges (166 and 173). Palm Bay Hospital, Walmart, Publix, Home Depot, and Lowes are also nearby. Babcock Street provides access to Micco, Fellsmere, and Sebastian to the south, and Melbourne to the north. Palm Bay is located in eastern central Florida, between Jacksonville and Miami, and approximately one hour from Orlando. The current land use is residential, with zoning subject to desired specifications. The property is suitable for a 55+ community with a density of 4 to 6 units per acre, senior living accommodations, town homes, and multifamily housing with a density of up to 20 units per acre. Commercial development is also a possibility. Utilities are nearby, and the city offers concessions for the cost through credit on impact fees and future rebates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.623555
    Latitude
    27.971538

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    FAQs

    What type of property is this?
    Commercial land - 18 acres of unentitled land suitable for various development projects.
    Where is this commercial land located?
    The property is located at 6950 Babcock St SE Melbourne, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Prime 18-acre unentitled land parcel suitable for single or multi-use development; - High-growth location in Palm Bay, Florida, strategically positioned between Jacksonville and Miami; - Excellent access to major infrastructure, including newly built I-95 interchanges (166 and 173)
    (321) 724-2424
    Request Owner's contact information
    6950 Babcock St SE Melbourne, FL 32909
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    Melbourne, FL 32909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6950 Babcock St SE Melbourne, FL 32909
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