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Property profile

0 Babcock St Palm Bay, FL 32909

OFF-MARKET
Mixed-use properties
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Property summary

AI-generated overview

This exceptional 50,094 square foot mixed-use property presents a unique investment opportunity in the vibrant Palm Bay, Florida area. Located at 0 S Babcock Street, Melbourne, FL 32909, this expansive lot offers significant potential for development. The property is situated in a low-density mixed-use zone within the Grant-Valkaria city limits, providing a desirable location for a variety of commercial ventures. Its strategic position is bordered by Malabar Road to the north, Micco Road to the south, US-1 to the east, and Babcock Street to the west. This prime location benefits from proximity to major roadways, ensuring excellent accessibility and visibility. The surrounding area encompasses Malabar, Grant-Valkaria, Palm Bay, and unincorporated Brevard County, covering approximately 48 square miles. The asking price for this substantial parcel is $500,000. This represents a compelling opportunity to acquire a significant land holding in a rapidly growing region of Florida. The absence of existing structures allows for complete design flexibility, catering to a wide range of development plans. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Mixed-use properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Babcock St Palm Bay, FL 32909
Palm Bay metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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