5015A Babcock St NE Palm Bay, FL 32905
6,100 SF retail building with high traffic and parking.
Property Features for 5015A Babcock St NE
General Information
- Standard status
- Active
- Size
- 6,100 SF
- Lot size
- 0.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing office East Coast Properties Of Brevard Inc
Listing date Nov 30, 2022
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location on Babcock Street with 34,000+ ADT.
- Ample parking with 50 spaces (1/125 square feet).
- Large 6,100± square foot retail building suitable for various uses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $18.00 |
| − Vacancy | −$9.3k | −$1.53 |
| EGI | $100.5k | $16.47 |
| − OpEx | −$30.1k | −$4.94 |
| NOI | $70.3k | $11.53 |
