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Office Suite with Open Workspace
For Lease
$12 SF/Yr

1384 S Babcock Street, Melbourne, FL 32901

Suite offers large open work spaces for flexible office layouts.

Space SizeContact for details
Property Size314,610 SF
Days on Market93

Property Features for 1384 S Babcock Street

General Information

Standard status Active
Size 314,610 SF
Class B
Property subtype Office
Lease Term $3.75sf NNN; NNN

Building Details

Building Size 314,610 SF
Year Built 1963
Listed By: Brian L. Lightle, CCIM, SIOR, CRE · License #FL #BK510409
Source: Teamlbr
Added: Jun 2 Changed: Aug 24 Last Checked: Sep 1 at 4:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian L. Lightle, CCIM, SIOR, CRE

Investment Insights

Based on property information with market context.

This office suite is designed with large open work spaces, offering tenants a flexible environment for day-to-day office use.

The property is located at 1384 S Babcock Street in Melbourne, Florida, making it suitable for businesses seeking a centrally located office address within the area.

The listing is presented as a rental, with the primary functional feature being the generous open workspace configuration.

Key Highlights

  • Office suite in a building built in 1963
  • Suite offers large open work spaces for flexible office layouts

Property Analytics

Current Use

Henderson's Dumpster Rental General Contractor

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Storage Facility Electrical Service Food Market Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,003
Businesses Nearby

Demographics for 32901, FL

26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$20.05 /SF/Yr
Avg Asking Price
$12–$31 /SF/Yr
Price Range
17,017 SF
Avg Space Size

This space is priced 40% below the average of $20.05 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Suite offers large open work spaces for flexible office layouts.
Where is this office building located?
The property is located at 1384 S Babcock Street Melbourne, FL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Office suite in a building built in 1963; Suite offers large open work spaces for flexible office layouts
More about this property
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