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Multi-Tenant Medical Office Building
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5200 Babcock St NE, Palm Bay, FL 32905

Four-story medical office building in Brevard County.

Space Size1,720 SF - 2,965 SF
Property Size65,708 SF
Days on Market1238

Property Features for 5200 Babcock St NE

General Information

Standard status Active
Size 1,720 SF - 2,965 SF
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 65,708 SF
Tenancy Multiple

Spaces For Lease

at 5200 Babcock St NE Contact us

Unit 104

Size
2,965 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Unit 202

Size
1,720 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Charles A. Von Stein, Inc
Listed By: Kirk Von Stein
Source: Crexi
Added: Apr 6, 2023 Changed: Aug 15 Last Checked: Aug 24 at 11:13AM

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 Charles A. Von Stein, Inc

Investment Insights

Based on property information with market context.

The multi-tenant medical office building at 5200 Professional Center is a four-story structure encompassing 65,708 square feet. Located on Babcock Street NE in Palm Bay, Florida, the property is situated one mile from both Palm Bay Road and Malabar Road. The building features river views, an elevator, multiple entrances, and central air conditioning throughout. The property is located in Brevard County, near major employers such as Space X, Blue Origins, Northrup Grumman, Embraer, Lockheed Martin, Rockwell Collins, Boeing, NASA, and Harris Corporation. The location benefits from a diversified economic base, combining industrial activity with tourism due to its proximity to Orlando.

Key Highlights

  • Multi‑tenant medical office building in a flourishing and economically diverse Brevard County.
  • Located on Indian River, near Palm Bay Road and Malabar Road.
  • Proximity to major employers such as Space X, Blue Origins, and NASA.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Real Estate Agency Building Supply Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby
Under-served
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Four-story medical office building in Brevard County.
Where is this medical office space located?
The property is located at 5200 Babcock St NE Palm Bay, FL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Multi‑tenant medical office building in a flourishing and economically diverse Brevard County.; Located on Indian River, near Palm Bay Road and Malabar Road.; Proximity to major employers such as Space X, Blue Origins, and NASA.
(772) 778-4885 Call to check price and availability
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