First-Floor Office
For Sale
Contact for pricing
5240 Babcock Street NE #110, Palm Bay, FL 32905
Broad glass windows bring natural light into the workspace.
Property Size41,701 SF
Price / SF$0.05
Days on Market254
Property Features for 5240 Babcock Street NE #110
General Information
Standard status
Active
Size
41,701 SF
Property subtype
Office
Additional Details
Floor
1
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Feb 20
Changed: Oct 29
Last Checked: Oct 29 at 2:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Babcock Professional Center, this office unit contains approximately 1,651 SF and has a functional layout. Large windows admit natural light, and the unit is on the first floor. The building dates to 1986.
The property is on Babcock Street in Palm Bay, near Palm Bay Hospital, I-95, retail businesses, and dining options. On-site parking is available.
The property is on Babcock Street in Palm Bay, near Palm Bay Hospital, I-95, retail businesses, and dining options. On-site parking is available.
Key Highlights
- Approximately 1,651 SF of office space
- First‑floor unit with large glass windows
- Located in Babcock Professional Center on Babcock Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$567,467
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,349,340
$11.3M
Cap Rate 7%
$8,106,671
$8.1M
Cap Rate 9%
$6,305,189
$6.3M
Market Conditions
NOI Build-Up for 41,701 SF
Gross rent
$900.7K $21.60/SF
− Vacancy
−$144.1K −$3.46/SF
EGI
$756.6K $18.14/SF
− OpEx
−$189.2K −$4.54/SF
NOI
$567.5K $13.61/SF
Area
Palm Bay, 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%
$11,349,340
Cap Rate 7%
$8,106,671
Cap Rate 9%
$6,305,189
Alternative Uses
Best Use
Office B
$8.11M
$7.09M – $9.46M
NOI $567,467 @ 7.0% cap · market cap 27,506.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.00M
$9.63M – $12.84M
NOI $770,134 @ 7.0% cap · market cap 37,330.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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 - Broad glass windows bring natural light into the workspace.
Where is this office unit located?
The property is located at 5240 Babcock Street NE #110 Palm Bay, FL.
What are key features of this property?
This property features: Approximately 1,651 SF of office space; First‑floor unit with large glass windows; Located in Babcock Professional Center on Babcock Street
