Property profile

421 Babcock St Melbourne, FL 32901

OFF-MARKET
Bars & Pubs
Property ID
US19-0412866
2,247 SF 0.42 ac lot Built 1978
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,247 SF
Lot 0.42 ac (18,295 SF)
Zoning code CC1
APN 27-37-27-51-00000.0-0252.00
UPID US19-0412866

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

421 Babcock St Melbourne, FL 32901-1213
Melbourne metro Census 64800 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2014
$265,000
2005
$300,000
1969
Price N/A

Zoning & alternative use

CC1 · Melbourne, FL

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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