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    6950 Babcock St Palm Bay, FL 32909

    For Sale
    $4,950,000

    Unentitled land, multi-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 18-acre parcel in Southeast Palm Bay, Florida, presents a prime development opportunity. Located on Babcock Street, this fee-simple property (APN 29-37-09-00-753) is zoned residential, offering versatile development options. Potential uses include 55+ communities, senior living, townhomes, multifamily housing, or mixed-use projects. The site's strategic location benefits from planned infrastructure improvements, including future road widening projects on Babcock Street. Its proximity to I-95 interchanges (166 and 173), Palm Bay Hospital, and major retailers (Walmart, Publix, Home Depot, Lowe's) enhances its appeal. The property is situated between Jacksonville and Miami, with Orlando an hour away. Water is available on-site, and sewer is readily accessible nearby. This represents a unique investment opportunity in a rapidly growing area with high demand for housing and commercial services. The asking price is $4,950,000 ($270,936/acre). The property can be developed as a single parcel or subdivided into smaller plots (4-14 or 5-13 acres). This land offers significant potential for substantial return on investment.

    Property Features for 6950 Babcock St

    General Information

    Property type
    Land
    Lot Size
    784,080 SF

    HighLights

    • Prime 18‑acre development opportunity in Southeast Palm Bay, Florida.
    • Versatile development potential including 55+ communities, senior living, townhomes, multifamily, and mixed‑use projects.
    • Excellent location on Babcock Street, near I‑95 interchanges (166 & 173), Palm Bay Hospital, and major retailers (Walmart, Publix, Home Depot, Lowe's).
    • Convenient access to infrastructure; water available on‑site, sewer nearby. Planned road widening on Babcock Street.
    • High‑growth area strategically located between Jacksonville and Miami, an hour from Orlando.
    • Currently zoned residential, offering zoning flexibility for various development plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.622511624694
    Latitude
    27.971294635756

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    FAQs

    What type of property is this?
    Land - Unentitled land, multi-use potential.
    Where is this land located?
    The property is located at 6950 Babcock St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Prime 18-acre development opportunity in Southeast Palm Bay, Florida.; Versatile development potential including 55+ communities, senior living, townhomes, multifamily, and mixed-use projects.; Excellent location on Babcock Street, near I-95 interchanges (166 & 173), Palm Bay Hospital, and major retailers (Walmart, Publix, Home Depot, Lowe's).
    Request Owner's contact information
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    Palm Bay, FL 32909
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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
    6950 Babcock St Palm Bay, FL 32909
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