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    3999 Babcock St Melbourne, FL 32901

    Sponsored
    For Sale
    Contact for pricing

    Large development opportunity, prime location.

    Property size:
    594,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 13.64-acre property in Melbourne, Florida, offers a unique development opportunity. Located at 3999 S Babcock St #6, 32901, this 594,158 square foot site presents itself as a prime location for a variety of uses, including religious, educational, or sports/entertainment facilities. Situated in Brevard County, east of N Federal Highway, this property benefits from high visibility due to its location on Babcock Street, boasting a traffic count of 36,000 vehicles. Its strategic placement near Interstate 95 and Orlando-Melbourne International Airport provides excellent accessibility. The property is designated as a Qualified Opportunity Zone, offering significant tax advantages to investors under the Tax Cuts and Jobs Act of 2017. This presents a compelling investment opportunity within a thriving mixed-use development, encompassing single-family homes, apartments, retail, medical and professional spaces, senior living, and entertainment venues. The area's proximity to Cape Canaveral and the Kennedy Space Center further enhances its appeal. The year built is to be determined. This fee-simple ownership provides complete control and potential for substantial returns. The property's size and location make it ideal for large-scale development projects.

    Property Features for 3999 Babcock St

    General Information

    Property type
    Schools
    Square Feet
    594,158 SF
    Lot Size
    594,158 SF

    HighLights

    • 594,158 SF special purpose property, including Religious/Church, School, and Sports/Entertainment uses.
    • 13.64‑acre Fee Simple ownership in Melbourne, FL.
    • Located in a Qualified Opportunity Zone, offering significant tax advantages to investors.
    • Prime location in Melbourne, FL, east of N Federal Hwy, near I‑95 and Orlando‑Melbourne International Airport, with high traffic counts on Babcock Street.
    • Part of a proposed mixed‑use development including residential, retail, medical, senior living, and entertainment components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    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?
    School - Large development opportunity, prime location.
    Where is this school located?
    The property is located at 3999 Babcock St Melbourne, FL.
    What are key features of this property?
    This property features: 594,158 SF special purpose property, including Religious/Church, School, and Sports/Entertainment uses.; 13.64-acre Fee Simple ownership in Melbourne, FL.; Located in a Qualified Opportunity Zone, offering significant tax advantages to investors.
    Request Owner's contact information
    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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