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    2415 Babcock St Melbourne, FL 32901

    For Sale
    $2,500,000

    Two-building office complex, 13,690 SF, 100% occupied

    Property size:
    13,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents two adjacent, single-story office buildings totaling 13,690 square feet in Melbourne, Florida. Located at 2415 S Babcock St, 32901, this multi-tenant property boasts 100% occupancy with seven tenants under modified gross leases. The buildings, constructed of brick and stucco, feature prominent monument signage providing excellent visibility. The property benefits from high daily traffic counts of 28,222 vehicles, ensuring strong tenant exposure. Conveniently situated near Melbourne Airport, downtown Melbourne, State Road 192, US-1, and just north of Florida Institute of Technology, this location offers unparalleled accessibility. The asking price is $2,500,000, translating to $182.62 per square foot. This well-maintained property presents a stable income stream with significant upside potential. The two buildings are nearly identical in size, with one encompassing 7,290 square feet and the other 6,400 square feet. This portfolio represents a rare opportunity to acquire a high-performing commercial property in a thriving Florida market.

    Property Features for 2415 Babcock St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,690 SF

    Building Details

    Buildings
    2
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosela Sanchez Therapeutic Massage Therapist PBS Professional Services Montenegro’s Beauty Space Beauty Salon Geriatric Assessment Services Social Services Organization Mila Massage&Foot Spa Massage Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -80.621280907402
    Latitude
    28.072143918856

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    FAQs

    What type of property is this?
    Office Property / Space - Two-building office complex, 13,690 SF, 100% occupied
    Where is this office property / space located?
    The property is located at 2415 Babcock St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    Request Owner's contact information
    2415 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
    2415 Babcock St Melbourne, FL 32901
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