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    3999 Babcock St Melbourne, FL 32901

    For Sale
    Contact for pricing

    Prime FL location, massive development potential.

    Property size:
    1,916,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 44-acre mixed-use development opportunity in Melbourne, Florida, presents a unique investment prospect. Located at 3999 S Babcock St #4, 32901, this Class A, fee-simple property boasts a substantial 1,916,640 square feet and is currently vacant. The site, situated on Babcock Street and Pirate Lane, benefits from high visibility due to a 36,000 daily traffic count on South Babcock Street. Its strategic location east of Interstate 95 and south of Orlando-Melbourne International Airport provides unparalleled access and exposure. The planned Melbourne City Center development encompasses a diverse range of uses, including single-family homes, apartments, a retail center (including pharmacy and storefront spaces), a medical and professional campus, a senior living facility, a university site, a charter school, and restaurants and entertainment venues. This comprehensive design aims to create a thriving, sustainable community and innovation hub. The property's APN is 28-37-15-00-00001. Importantly, this development is designated as a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017, offering significant tax advantages to investors. This presents a compelling opportunity to capitalize on both the substantial development potential and the attractive tax benefits associated with Opportunity Zone investments. The property is currently vacant, allowing for complete design and development control.

    Property Features for 3999 Babcock St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,916,640 SF
    Class
    A
    Lot Size
    1,916,640 SF

    HighLights

    • Prime location in desirable Melbourne, FL, east of N Federal Hwy.
    • Located in a Qualified Opportunity Zone (QOZ), offering significant tax advantages to investors.
    • Opportunity Zone designation incentivizes investment and development, providing tax benefits under the Tax Cuts and Jobs Act of 2017.
    • Opportunity Fund investors can defer capital gains taxes until 2026, potentially reduce taxes by up to 15%, and potentially eliminate taxes on profits after a 10‑year holding period.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6212943
    Latitude
    28.0517219

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    FAQs

    What type of property is this?
    Lifestyle center - Prime FL location, massive development potential.
    Where is this lifestyle center located?
    The property is located at 3999 Babcock St Melbourne, FL.
    What are key features of this property?
    This property features: Prime location in desirable Melbourne, FL, east of N Federal Hwy.; Located in a Qualified Opportunity Zone (QOZ), offering significant tax advantages to investors.; Opportunity Zone designation incentivizes investment and development, providing tax benefits under the Tax Cuts and Jobs Act of 2017.
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    3999 Babcock St Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    3999 Babcock St Melbourne, FL 32901
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