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    3999 Babcock St Melbourne, FL 32901

    For Sale
    Contact for pricing

    11-Acre Mixed-Use Development Opportunity

    Property size:
    495,712 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11.38-acre property in Melbourne, Florida, presents a unique investment opportunity. Currently vacant, the 495,712 square foot site is zoned for mixed-use development and offers significant potential for a variety of uses. Its prime location in the heart of Melbourne City Centre, east of N Federal Hwy, provides excellent visibility and accessibility. The property benefits from high traffic counts on Babcock Street (36,000 vehicles daily) and its proximity to major transportation arteries, including Interstate 95 and Orlando-Melbourne International Airport. This site is designated as a Qualified Opportunity Zone, providing substantial tax advantages for investors under the Tax Cuts and Jobs Act of 2017. The envisioned development includes single-family homes, apartments, retail space, a medical and professional campus, senior living facilities, an educational component, and entertainment venues. This strategic location near Cape Canaveral and the Kennedy Space Center further enhances its appeal. The property's Fee Simple ownership provides complete control and flexibility for future development. The APN is 28-37-15-00-00001. This is a rare chance to acquire a large, strategically located parcel with significant upside potential in a thriving Florida community.

    Property Features for 3999 Babcock St

    General Information

    Property type
    Schools
    Square Feet
    495,712 SF
    Lot Size
    495,713 SF

    HighLights

    • 495,712 SF Special Purpose Property (School) on 11.38 acres in Melbourne, FL.
    • Vacant land with Mixed‑Use Development zoning.
    • Located in a Qualified Opportunity Zone, offering significant tax advantages.
    • Fee Simple ownership.
    • APN: 28‑37‑15‑00‑00001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    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
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6212943
    Latitude
    28.0517219

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    FAQs

    What type of property is this?
    School - 11-Acre Mixed-Use Development Opportunity
    Where is this school located?
    The property is located at 3999 Babcock St Melbourne, FL.
    What are key features of this property?
    This property features: 495,712 SF Special Purpose Property (School) on 11.38 acres in Melbourne, FL.; Vacant land with Mixed-Use Development zoning.; Located in a Qualified Opportunity Zone, offering significant tax advantages.
    Request Owner's contact information
    3999 Babcock St 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
    3999 Babcock St Melbourne, FL 32901
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