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    5015 Babcock St Palm Bay, FL 32905

    Sponsored
    For Sale
    $259,900

    Prime 1.3-acre commercial hotel lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.3-acre commercial property, located at 5015 Babcock Street NE in Palm Bay, Florida (zip code 32905), presents a unique investment opportunity. The rectangular parcel boasts 56,628 square feet of cleared, filled land situated above street grade, offering 202 feet of frontage along Babcock Street and a depth of 280 feet. High visibility is ensured by the property's location on a major thoroughfare with excellent access. The 2016 traffic count for this section of Babcock Street registered 33,800 ADT (Average Daily Traffic), highlighting the significant potential for commercial development. The property includes convenient access to Babcock Street via a shared driveway and median cut, along with existing infrastructure such as 20 parking spaces and an eight-inch water line. This ready-to-develop site is ideally suited for a variety of commercial uses, including a hotel, making it an attractive proposition for investors seeking high-traffic exposure and immediate development potential. The asking price for this prime commercial land is $259,900. This property is zoned for commercial and hotel use.

    Property Features for 5015 Babcock St

    General Information

    Property type
    Hotels

    HighLights

    • $259,900 asking price.
    • 56,628 square foot lot in Palm Bay, Florida.
    • 1.3‑acre rectangular parcel with 202 feet of Babcock Street frontage.
    • High traffic count (33,800 ADT in 2016).
    • 20 parking spaces and 8‑inch water line; cleared, filled, and above street grade.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    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?
    Hotel - Prime 1.3-acre commercial hotel lot
    Where is this hotel located?
    The property is located at 5015 Babcock St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: $259,900 asking price.; 56,628 square foot lot in Palm Bay, Florida.; 1.3-acre rectangular parcel with 202 feet of Babcock Street frontage.
    Request Owner's contact information
    5015 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
    5015 Babcock St Palm Bay, FL 32905
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