Office Unit with Training
For Sale
Contact for pricing
1374 S Babcock Street #20b, Melbourne, FL 32901
The floor plan combines private offices and training rooms with reception, IT, and break-room areas.
Property Size10,405 SF
Price / SF$1.35
Days on Market271
Property Features for 1374 S Babcock Street #20b
General Information
Standard status
Active
Size
10,405 SF
Property subtype
Office
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Property Use
Office
Amenities
reception/waiting room
private offices
training/conference rooms
IT room
break room
workstations
tile/carpet flooring
drop ceiling
Building Details
Year Built
1963
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Mccoyfreeman
Added: Feb 2
Changed: Oct 29
Last Checked: Oct 29 at 2:47PM
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 The Ullian Realty Corporation
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Investment Insights
Based on property information with market context.
This 10,405-square-foot office unit has a reception and waiting area, multiple private offices, two training or conference rooms, an IT room, and a large break room. The layout accommodates approximately 125 workstations. Tile and carpet flooring and drop ceilings run throughout, and the unit is fully fire-sprinklered. Some furniture, fixtures, and equipment may be negotiable.
Utilities include City water and sewer, fiber, and FPL electric. The property is accessible from US1, Hibiscus Boulevard, and NASA Boulevard, with Melbourne International Airport, Downtown Melbourne, and Melbourne Square Mall nearby. The building was constructed in 1963.
Utilities include City water and sewer, fiber, and FPL electric. The property is accessible from US1, Hibiscus Boulevard, and NASA Boulevard, with Melbourne International Airport, Downtown Melbourne, and Melbourne Square Mall nearby. The building was constructed in 1963.
Key Highlights
- 10,405 SF office unit
- Approximately 125 workstations
- Reception area, multiple private offices, two training/conference rooms, IT room, and large break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,591
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,831,820
$2.8M
Cap Rate 7%
$2,022,729
$2.0M
Cap Rate 9%
$1,573,233
$1.6M
Market Conditions
NOI Build-Up for 10,405 SF
Gross rent
$224.7K $21.60/SF
− Vacancy
−$36.0K −$3.46/SF
EGI
$188.8K $18.14/SF
− OpEx
−$47.2K −$4.54/SF
NOI
$141.6K $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 Rate 5%
$2,831,820
Cap Rate 7%
$2,022,729
Cap Rate 9%
$1,573,233
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,591 @ 7.0% cap · market cap 1,004.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,160 @ 7.0% cap · market cap 1,363.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The floor plan combines private offices and training rooms with reception, IT, and break-room areas.
Where is this office unit located?
The property is located at 1374 S Babcock Street #20b Melbourne, FL.
What are key features of this property?
This property features: 10,405 SF office unit; Approximately 125 workstations; Reception area, multiple private offices, two training/conference rooms, IT room, and large break room
