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5200 Babcock Street NE #104, Palm Bay, FL 32905
Renovated professional and medical offices feature multiple entrances in a multi-tenant complex.
Property Size64,708 SF
Price / SF$0.05
Days on Market258
Property Features for 5200 Babcock Street NE #104
General Information
Standard status
Active
Size
64,708 SF
Elevators
Yes
Property subtype
Office
Additional Details
Condition
Newly Renovated
Highway Access
Yes
Property Use
Office / Medical
Amenities
lush landscape
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Feb 19
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
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 Compass Florida, LLC
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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.
The multi-tenant office complex at 5200 Babcock Street NE includes professional and medical office units, an elevator, and multiple entrances. The property was built in 1986 and has undergone renovation, with landscaped exterior grounds.
The building is in Central Palm Bay, two miles from Palm Bay Hospital and two miles from I-95.
The building is in Central Palm Bay, two miles from Palm Bay Hospital and two miles from I-95.
Key Highlights
- Multi‑tenant professional and medical office complex
- Elevator and multiple entrances
- Renovated building with landscaped exterior grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$814,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,287,780
$16.3M
Cap Rate 7%
$11,634,129
$11.6M
Cap Rate 9%
$9,048,767
$9.0M
Market Conditions
NOI Build-Up for 64,708 SF
Gross rent
$1.48M $22.80/SF
− Vacancy
−$118.0K −$1.82/SF
EGI
$1.36M $20.98/SF
− OpEx
−$542.9K −$8.39/SF
NOI
$814.4K $12.59/SF
Area
Palm Bay, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,287,780
Cap Rate 7%
$11,634,129
Cap Rate 9%
$9,048,767
Alternative Uses
Best Use
Office B
$12.58M
$11.01M – $14.68M
NOI $880,546 @ 7.0% cap · market cap 25,456.66%
Second Best
Healthcare Medical
$11.63M
$10.18M – $13.57M
NOI $814,389 @ 7.0% cap · market cap 23,544.06%
Theoretical Best
Office A
$17.07M
$14.94M – $19.92M
NOI $1,195,027 @ 7.0% cap · market cap 34,548.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated professional and medical offices feature multiple entrances in a multi-tenant complex.
Where is this office unit located?
The property is located at 5200 Babcock Street NE #104 Palm Bay, FL.
What are key features of this property?
This property features: Multi‑tenant professional and medical office complex; Elevator and multiple entrances; Renovated building with landscaped exterior grounds
