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Property profile & analytics
OFF-MARKET
Estimated value
$6,840,000
Office buildings
5200 Babcock NE St Palm Bay, FL 32905-4612
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4850227
Property summary
AI-generated overview
This four-story, 65,708-square-foot medical and executive office building offers multiple suites ranging from 360 to 3,200 square feet. Located at 5200 Babcock St NE, Palm Bay, FL 32905, this property boasts a prime location in Brevard County's thriving Palm Bay submarket, just one mile from Palm Bay Road and Malabar Road. The building features stunning Indian River views, an elevator, multiple entrances, and 100% central air conditioning. The property sits on 4.92 acres and is zoned CC Community Commercial (APN: 28-37-28-05-0000c.0-0000.00). Brevard County's diverse economy, anchored by major employers like SpaceX, Blue Origin, and NASA, provides a strong foundation for this investment opportunity. The area's blend of industrial and tourism sectors creates a robust and stable market. Its proximity to Orlando further enhances its appeal, offering a unique combination of coastal and theme park access. This multi-tenant building presents a compelling investment opportunity in a high-growth area of Florida. Seven spaces are currently available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
STEEL FRAME
Total area
66,952 SF
Lot
4.92 ac (214,315 SF)
Zoning code
CC
APN
28-37-28-05-0000C.0-0000.00
UPID
US18-4850227
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$6.84M
Owner & transaction history
5200 Professional Center LLC · 9 yrs held
5200 Professional Center LLC
since 2017
4 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Top alternative use upside
Medical building
$10.7M
+5.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Bay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,120,000
Current use
MEDICAL BUILDING
$10,715,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,165,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.84M
Range $6.16M – $7.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,094
Tax year 2023
Assessed value
$3,287,590
Assessed 2023
Previous assessed
$2,871,290
+14.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$697,090
Assessed improvement
$2,590,500
Land market value
$697,090
Improvement market value
$2,590,500
Total market value
$3,287,590
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
19
Total area
66,952 SF
Lot
4.92 ac (214,315 SF)
Zoning code
CC
APN
28-37-28-05-0000C.0-0000.00
UPID
US18-4850227
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FLZoning CC · permitted uses
CC · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$10.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
19
Lot
4.92 ac
Current owner
From public records · entity-resolved
5200 Professional Center LLC
Entity
Free & Clear · 9 yrs held
Mailing address
626 OLD DIXIE HWY #2680, VERO BEACH, FL 32962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
5200 Professional Center LLC
—
Deed
related
$2,500,000 · Valley Nat'l Bk Nba
May 2, 2017
$3,225,000
5200 Professional Center LLC
5200 Babcock LLC
Warranty Deed
—
Apr 14, 2014
$1,830,000
5200 Babcock LLC
Hr Acquisition I Corp
Grant Deed
—
—
—
5200 Professional Center LLC
—
Deed Of Trust
related
$2,500,000 · Valley Nat'l Bk Nba
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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