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    1374 Babcock St Melbourne, FL 32901
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    1374 Babcock St, Melbourne, FL 32901

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    • Office Spaces
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Medical Data Systems Inc Extended Business Office / Business Service Center / Corporate Office

    Property Details for 1374 Babcock St

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6244
    Latitude
    28.0871
    More about this property
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