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    601 S Babcock St Melbourne, FL 32901

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    For Sale
    $3,800,000

    New gas station with convenience store near Melbourne International Airport.

    Property size:
    1,585 SF
    Lot size:
    0.68 Acres

    Property Features for 601 S Babcock St

    General Information

    Size
    1,585 SF
    Lot size
    0.68 Acres

    Source: Grimaldi Commercial Realty Corp Agent David Rosenthal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melbourne Gas Station Investment Opportunity

    This property features a new gas station with 12 pumps and a signature "Go market" convenience store. The property is located directly across the street from the Melbourne International Airport. It is under a 20-year pure NNN lease with two 5-year options. The lease structure eliminates all landlord responsibilities. The property offers a 7.3% cap rate in 2025, an 8% cap rate in 2030, a 9% cap rate in 2035, and a 10% cap rate in 2040, with a 9% average 20-year cap rate in 2045. The property size is 1585 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    BP Tobacco Shop Benzena Capital Enterprise Construction Company Re-Up Convenience Store ATM Atm Pit Stop Oil ... Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6214014
    Latitude
    28.0984299

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    FAQs

    What type of property is this?
    Gas station - New gas station with convenience store near Melbourne International Airport.
    Where is this gas station located?
    The property is located at 601 S Babcock St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Absolute pure NNN lease structure eliminates all landlord responsibilities.; - Located directly across the street from Melbourne International Airport.; - New 12-pump Mobil gas station with signature "Go Market" c-store.
    (813) 245-7333
    Request Owner's contact information
    601 S Babcock St Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    601 S Babcock St Melbourne, FL 32901
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