665 Babcock St Melbourne, FL 32901
This exceptional 1.01-acre property, located at 665 S Babcock St, Melbourne, FL 32901, presents a rare investment opportunity. The property includes two buildings constructed in 1969 and 2008, offering a total of two bays for auto repair services. Strategically positioned across from Melbourne International Airport and near a university, this high-visibility location boasts a signalized intersection with over 30,000 vehicles per day (VPD) on Babcock Street and an additional 13,000 VPD on Apollo Boulevard, ensuring significant traffic exposure. The property benefits from established partnerships with airport rental car agencies, further enhancing its potential. Situated within a thriving retail corridor featuring national brands like Publix, Lowe's, and Chick-fil-A, this location enjoys low competition and benefits from Melbourne's robust economic growth and Florida's tax-free environment. The asking price is $1,250,000. This turnkey operation offers immediate income potential and significant long-term growth prospects in a prime location. The property's accessibility, high visibility, and strategic partnerships make it an ideal investment for a discerning buyer seeking a strong return on investment in a high-growth market. The historically permitted use for auto repair is a significant advantage.
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Greenline Auto Service Auto Repair Shop Vehicle Inspection Center
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
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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.