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Prime Melbourne Office Space Available
For Lease
$12 SF/Yr

1374 S Babcock Street, Melbourne, FL 32901

Centrally located office space with reception and multiple rooms.

Space SizeContact for details
Days on Market151

Property Features for 1374 S Babcock Street

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Michael S. Ullian, President, CCIM, SIOR · License #FL #BK447039
Source: Ullianrealty
Added: Mar 6 Changed: Jul 10 Last Checked: Aug 4 at 4:50AM

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 Michael S. Ullian, President, CCIM, SIOR

Investment Insights

Based on property information with market context.

This office space is located in the heart of Melbourne, situated approximately halfway between US 192 and Eau Gallie Boulevard. The location offers close proximity to the Melbourne International Airport, Downtown Melbourne, Melbourne Square Mall, schools, dining options, daycare facilities, and beaches. The property features a reception area, private offices, training rooms, an IT room, and a large break room. It is easily accessible via nearby US1, Hibiscus Boulevard, and Nasa Boulevard, making it a convenient location for businesses.

Key Highlights

  • Central Melbourne location, convenient to US 192 & Eau Gallie Boulevard.
  • Close proximity to Melbourne International Airport, Downtown Melbourne, and Melbourne Square Mall.
  • Easily accessible via US1, Hibiscus Boulevard & Nasa Boulevard.

Property Analytics

Current Use

Medical Data Systems ... Business Service Center

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

638
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

$14.28 /SF/Yr
Avg Asking Price
$1.61–$31 /SF/Yr
Price Range
10,295 SF
Avg Space Size

This space is priced 16% below the average of $14.28 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Centrally located office space with reception and multiple rooms.
Where is this office units located?
The property is located at 1374 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: Central Melbourne location, convenient to US 192 & Eau Gallie Boulevard.; Close proximity to Melbourne International Airport, Downtown Melbourne, and Melbourne Square Mall.; Easily accessible via US1, Hibiscus Boulevard & Nasa Boulevard.
More about this property
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