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Property profile & analytics
OFF-MARKET
Commercial real estate

404 Babcock St Melbourne, FL 32901-1232

9,139 SF 0.43 ac lot Built 1969
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-1937122
Property summary
AI-generated overview

This exceptional Brevard County commercial property at 404 S Babcock Street offers two available suites totaling 2,706 square feet in a newly renovated building. Ideally situated in a high-traffic C-1 neighborhood commercial district, this retail plaza enjoys an excellent location near US-1, the Eau Gallie Arts District, downtown Melbourne, and Melbourne International Airport. Its strategic position between two causeways provides quick access to the beach. Suite 101, a 1,452 square foot retail office space, features multiple rooms and one restroom. Suite 102, encompassing 1,254 square feet, combines retail space with a warehouse and includes one restroom. The minimum divisible space is 1,254 square feet, with a maximum contiguous space of 1,452 square feet. Currently, the entire 2,706 square feet is vacant and available for lease. The property is categorized as Retail, Office, and Industrial, with a multiple tenancy structure. The lease rate is $20 per square foot per year, plus a $50 monthly fee covering water, sewer, and trash services. This prime location and versatile space present a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes and local amenities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,139 SF
Lot 0.43 ac (18,731 SF)
Zoning code C1
APN 27-37-28-76-00000.0-0280.00
UPID US18-1937122
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
  • Painting & Decorating Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mscp Properties LLC · 1 yrs held
Mscp Properties LLC
since 2024
Last sale
$262,500
5 recorded transactions
2024
$262,500
2023
Price N/A
2020
Price N/A
2012
$220,000
1969
Price N/A
Zoning & alternative use
C1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer needs. Lot sizes and other restrictions are intended to reduce conflicts with adjacent residential uses and to minimize the interruption of traf…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 998.57 ac
Source Realmo
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