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    Property profile & analytics

    601 Babcock St Melbourne, FL 32901-1400

    • Grocery and convenience stores
    • 1,500 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $2,355,000
    Last Sale
    Feb 14, 2024
    $2,400,000
    Location Intelligence
    Property ID
    US18-1831200
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BP / Tobacco Shop / Beer Store
    • Benzena Capital Enterprise / Construction Company
    • Re-Up / Convenience Store
    • ATM / Atm
    • Pit Stop Oil Change / Oil Change Service

    Property Details for 601 Babcock St

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.66 lot acres
    Property size
    1,500 SF
    Zone code
    CCP
    Property type
    Grocery and convenience stores
    APN
    27-37-34-00-00261.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,380,000
      6.5%
      $2,175,000
      7%
      $2,535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,210,000
      Geo Method
      $1,910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,955,000
      Retail
      $2,430,000
      Mixed-Use
      $2,540,000
      Hospitality
      $2,075,000
      Educational
      $2,250,000
      Residential Income
      $2,600,000
      Energy
      $2,005,000
      Income-Based Land
      $2,220,000
      Food Service
      $2,720,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6214
    Latitude
    28.0984
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,150
    $216,450
    $250,450
    $466,900
    -
    $216,450
    $250,450
    $466,900

    Comparable in this City

    • Value Estimation
      $270,000
      1,073 SF

      1800 Hbr City Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,073 SF
      1800 Hbr City Blvd, Melbourne, FL 32901-4745
      View Details
    • Value Estimation
      $695,000
      960 SF

      3000 Babcock St

      CONVENIENCE STORE (W/FUEL PUMP) • 960 SF
      3000 Babcock St, Melbourne, FL 32901-6923
      View Details
    • Value Estimation
      $445,000
      2,476 SF

      4000 Babcock St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,476 SF
      4000 Babcock St, Melbourne, FL 32901-8527
      View Details
    • Value Estimation by Request
      6,217 SF

      1105 Palmetto Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 6,217 SF
      1105 Palmetto Ave, Melbourne, FL 32901-4709
      View Details
    • Value Estimation
      $755,000
      2,046 SF

      739 New Hvn Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 2,046 SF
      739 New Hvn Ave, Melbourne, FL 32901-4210
      View Details
    • Value Estimation
      $1,005,000
      3,120 SF

      653 University Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,120 SF
      653 University Blvd, Melbourne, FL 32901-7121
      View Details

    Similar Nearby for Sale

    • $3,800,000
      1,585 SF

      Melbourne Gas Station Investment Opportunity

      New gas station with convenience store near Melbourne International Airport.
      601 S Babcock St, Melbourne, FL 32901
      View Details
    • New
      $1,280,000
      2,600 SF

      Melbourne Gas Station and Store

      Operating gas station and convenience store near Florida Institute of Technology.
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      High Visibility Commercial Property, Melbourne

      1.05 acre lot with high visibility and multiple access points.
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    • Contact for pricing
      1,916,640 SF

      Melbourne City Center Mixed-Use

      Prime FL location, massive development potential.
      3999 Babcock St, Melbourne, FL 32901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      870 SF

      Neighborhood Shopping Center Retail Space

      Retail space in a neighborhood shopping center for lease.
      765-945 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Highline Apartments

      Retail space available in a mixed-use development.
      916 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $28 SF/Yr
      1,500 SF

      Prime Commercial Space in Melbourne

      Versatile commercial space suitable for retail, office, or restaurant.
      826 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $7,000 /Mo
      3,109 SF

      Retail or Professional Office Space

      Stand-alone building with flexible layout in Central Melbourne Commercial District.
      665 S Babcock St, Melbourne, FL 32901
      View Details
    • $20 SF/Yr
      870 SF

      Retail Space in Busy Location

      Retail space in a newly renovated building with high traffic.
      404-410 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      1,700 SF

      New Construction Retail Space Available

      Retail space in new mixed-use building near thriving businesses.
      1425 Sportsman Ln NE, Palm Bay, FL 32901
      View Details
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    601 Babcock St
    Melbourne, FL 32901-1400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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