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Property profile & analytics
OFF-MARKET
Office Spaces

1374 Babcock St Melbourne, FL 32901

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Medical Data Systems Inc Extended Business Office Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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