Technical
Financial
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Property profile

439 Babcock St Melbourne, FL 32901

OFF-MARKET
Strip malls
Property ID
US18-5943065
6,000 SF 0.28 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a multi-unit retail building with a total area of approximately 5,550 square feet, configured as at least two spaces: Unit 437 (approximately 1,000 square feet) and Unit 439 (approximately 4,550 square feet). Unit 439 is estimated to be split evenly between showroom and storage use (about 50%/50%), and both units are described as having tile flooring and drop ceilings. The building provides a 12 feet 8 inches clear height and includes one 10 feet by 10 feet grade-level door. Utilities are described as common city water and sewer, with FPL electric separately metered, and the site includes parking with eight asphalt spaces. The building is located directly on Babcock Street, identified as a connector between US 1 and Nasa Boulevard, with nearby employment centers including Leonardo DRS, Melbourne International Airport, and the Melbourne Courthouse. The ground lease structure is described as a 99-year term that began on 7/1/1965 and is scheduled to expire 6/30/2064.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,000 SF
Lot 0.28 ac (12,197 SF)
Zoning code C1
APN 27-37-27-51-00000.0-0121.00
UPID US18-5943065

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
  • Hair Salon Nail Salon

Location

439 Babcock St Melbourne, FL 32901-1269
Melbourne metro Census 64800 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

C1 · Melbourne, FL
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 need…

General category COMMERCIAL

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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