Mixed-Use Building with Street
For Sale
Contact for pricing
4070 S Babcock Street #1, Melbourne, FL 32901
Three unfinished suites provide flexibility for tenant-specific interior build-outs.
Property Size7,930 SF
Price / SF$0.43
Days on Market26
Property Features for 4070 S Babcock Street #1
General Information
Standard status
Active
Size
7,930 SF
Property subtype
Mixed Use
Additional Details
Condition
Shell
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Blue Marlin Real Estate
(321) 877-2902
Listed By:
Justin Luke · License #3234313
(321) 543-7246
Source:
Mccoyfreeman
Added: Oct 5
Changed: Oct 29
Last Checked: Oct 29 at 2:49PM
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 Blue Marlin Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this mixed-use property contains 7,930 square feet and has three units available. Individual spaces range from 1,502 to 5,054 square feet, with interiors delivered unfinished for customization. The building fronts Babcock Street in Melbourne, Florida.
Key Highlights
- Three units available, ranging from 1,502 to 5,054 square feet
- 7,930‑square‑foot building completed in 2023
- Babcock Street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,425
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,828,500
$1.8M
Cap Rate 7%
$1,306,071
$1.3M
Cap Rate 9%
$1,015,833
$1.0M
Market Conditions
NOI Build-Up for 7,930 SF
Gross rent
$142.7K $18.00/SF
− Vacancy
−$12.1K −$1.53/SF
EGI
$130.6K $16.47/SF
− OpEx
−$39.2K −$4.94/SF
NOI
$91.4K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,828,500
Cap Rate 7%
$1,306,071
Cap Rate 9%
$1,015,833
Alternative Uses
Best Use
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $92,008 @ 7.0% cap · market cap 2,702.94%
Second Best
Retail
$1.31M
$1.14M – $1.52M
NOI $91,425 @ 7.0% cap · market cap 2,685.81%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,451 @ 7.0% cap · market cap 4,302.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 32%
Electronics 2%
7-Eleven
Shops & Services
15,233 visits/mo
0.2 miles
Hardee's
Dining
14,043 visits/mo
0.3 miles
Dollar General
Shops & Services
7,875 visits/mo
0.2 miles
BP
Shops & Services
4,009 visits/mo
0.4 miles
Sunoco
Shops & Services
3,068 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three unfinished suites provide flexibility for tenant-specific interior build-outs.
Where is this mixed-use property located?
The property is located at 4070 S Babcock Street #1 Melbourne, FL.
What are key features of this property?
This property features: Three units available, ranging from 1,502 to 5,054 square feet; 7,930‑square‑foot building completed in 2023; Babcock Street frontage
