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    Xxx Babcock St Melbourne, FL 32935

    For Sale
    $275,000

    11,163 SF Commercial Lot, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 11,163 square foot commercial lot in Melbourne, Florida, presents a remarkable development opportunity. Priced at $275,000, this flat, cleared lot is one of nine nearly identical parcels, each designed to accommodate a 5,041 square foot office building. Infrastructure is already in place, including parking, retention, water, and sewer stub-outs, significantly reducing development time and costs. The proposed building design allows for four 1,260 square foot office condo units, or any suitable configuration. This prime location offers easy access to a nearby hospital, just 2.3 miles or a six-minute drive away, making it ideal for medical practices. The well-maintained complex boasts a diverse mix of existing businesses, including dentists, doctors, massage therapists, lawyers, insurance companies, and other professionals. This is a unique chance to own a free-standing office building in a thriving central location, with much of the groundwork already completed. The property is located at Xxx Babcock Street, Melbourne, FL 32935, in Brevard County. This is a turnkey opportunity for investors seeking a quick return on investment.

    Property Features for 0 Xxx Babcock St

    General Information

    Property type
    Land

    HighLights

    • $275,000 asking price.
    • 11,163 square foot commercial lot.
    • Located at Xxx Babcock Street, Melbourne, FL 32935.
    • Ready for development; utilities stubbed out, flat, cleared.
    • Ideal for a four‑unit medical office building (5,041 sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6218595
    Latitude
    28.1116935

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    FAQs

    What type of property is this?
    Land - 11,163 SF Commercial Lot, Ready to Build
    Where is this land located?
    The property is located at Xxx Babcock St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 11,163 square foot commercial lot.; Located at Xxx Babcock Street, Melbourne, FL 32935.
    Request Owner's contact information
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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
    Xxx Babcock St Melbourne, FL 32935
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