1374 Babcock St Melbourne, FL 32901
This exceptional 10,405-square-foot office space, located at 1374 S Babcock St, Melbourne, FL 32901, presents a unique opportunity for businesses seeking a versatile and well-appointed workspace. The property, classified as Class B, offers a flexible layout suitable for various office configurations, including traditional, executive, and creative office settings. The space boasts a comprehensive array of features, including a reception area, private offices, training rooms, IT rooms, and a large break room, accommodating approximately 125 workstations. Some existing furniture, fixtures, and equipment (FF&E) are negotiable. The interior features tile and carpet flooring, drop ceilings, and a 100% fire sprinkler system. Utilities include city water/sewer, fiber optic internet, and FPL electric. The property is zoned City of Melbourne Commercial Parkway (C-P), allowing for a variety of uses including office, electronic assembly, retail, and schools. Estimated common area maintenance (CAM) charges are $2.69 per square foot. The sublease term expires March 31, 2028, with one five-year renewal option available. Strategically located in the heart of Melbourne, midway between US 192 and Eau Gallie Boulevard, this property enjoys convenient access to Melbourne International Airport, Downtown Melbourne, Melbourne Square Mall, and numerous schools, restaurants, daycares, and beaches. Excellent accessibility is provided via US1, Hibiscus Boulevard, and NASA Boulevard. The property's APN is 27-37-33-00-3, and it's situated in the Space Coast submarket of Brevard County. Do not disturb the tenant.
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Medical Data Systems Inc Extended Business Office Business Service Center Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.