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    5015A Babcock St Palm Bay, FL 32905

    Sponsored
    For Sale
    $1,400,000

    6,100 SF Building, 50 Parking Spaces

    Property size:
    6,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,100 square foot retail building, situated on a 0.95-acre lot in Palm Bay, Florida (32905), presents a compelling investment opportunity. Located at 5015A Babcock St NE, this Class C property boasts 50 parking spaces and excellent street visibility with 150 feet of frontage on Babcock Street and a depth of 280 feet. Built in 1990, the building features two large gathering rooms, an office, a sales counter area, a snack bar, two restrooms, and a maintenance room. High ceilings with cupolas add to the building's character. The property includes an indoor fire sprinkler system and a robust storm water management system. The zoning is HC: Highway Commercial, allowing for a variety of uses. The site is well above street grade, providing easy access. With a 2018 traffic count exceeding 34,000 ADT on this section of Babcock Street, located midway between Palm Bay Road and Port Malabar Boulevard, this property offers significant potential. The asking price is $1,400,000, translating to $229.51 per square foot. The lease type is gross, and the tenancy is single. The property is currently configured as an entertainment venue, but its flexible layout can accommodate various retail uses, including pharmacy/drug, restaurant, or storefront operations. An eight-inch water line and ample parking further enhance this property's appeal. The existing tenant may be willing to remain.

    Property Features for 5015A Babcock St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,100 SF
    Class
    C
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1990

    HighLights

    • 6,100 SF retail building on a 0.95‑acre lot in Palm Bay, FL (32905).
    • Located at 5015A Babcock St NE, with 150' of frontage and 50 parking spaces.
    • Class C building, built in 1990, featuring high ceilings, two gathering rooms, office, sales counter, snack bar, restrooms, and maintenance room.
    • HC (Highway Commercial) zoning, allowing for diverse retail uses.
    • $1,400,000 asking price ($229.51/SF), gross lease, single tenant (currently an entertainment venue, but adaptable).
    • Excellent street visibility, over 34,000 ADT (2018).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6214609
    Latitude
    28.0252496

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    FAQs

    What type of property is this?
    Individual retail property - 6,100 SF Building, 50 Parking Spaces
    Where is this individual retail property located?
    The property is located at 5015A Babcock St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 6,100 SF retail building on a 0.95-acre lot in Palm Bay, FL (32905).; Located at 5015A Babcock St NE, with 150' of frontage and 50 parking spaces.; Class C building, built in 1990, featuring high ceilings, two gathering rooms, office, sales counter, snack bar, restrooms, and maintenance room.
    Request Owner's contact information
    5015A Babcock St Palm Bay, FL 32905
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    Palm Bay, FL 32905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5015A Babcock St Palm Bay, FL 32905
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