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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Warehouses
6180 Babcock SE St Palm Bay, FL 32909-4200
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0676752
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,288 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
29-37-04-00-00008.3-0000.00
UPID
US18-0676752
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
$2.55M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$2.96M
Owner & transaction history
Redwood Coml Mtg Corp · 10 yrs held
Redwood Coml Mtg Corp
since 2015
7 recorded transactions
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+73.0%
Office building
$3.3M
+55.2%
Retail stores
$2.8M
+32.8%
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%
$2,755,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,105,000
Current use
AUTO REPAIR, GARAGE
$3,640,000
Change: +73% · Conversion: Easy
OFFICE BUILDING
$3,265,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$2,795,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$2,605,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±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
$182 / 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
$39,072
Tax year 2023
Assessed value
$2,138,780
Assessed 2023
Previous assessed
$1,876,820
+14.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$327,000
Assessed improvement
$1,811,780
Land market value
$327,000
Improvement market value
$1,811,780
Total market value
$2,138,780
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
95
Total area
16,288 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
29-37-04-00-00008.3-0000.00
UPID
US18-0676752
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FL
Zoning LI · permitted uses
LI · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
95
Lot
3 ac
Current owner
From public records · entity-resolved
Redwood Coml Mtg Corp
Entity
Mailing address
15-17 S 7TH AVE #2, LONG BRANCH, NJ 07740-6855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
Tomahawk Drive Associates LLC
—
Deed
related
$9,300,000 · South State Bank NA
Jul 20, 2015
$5,725,000
Redwood Coml Mtg Corp
Babcock Street Assocs LLC
Grant Deed
related
—
Oct 24, 2012
$1,100,000
Babcock Street Associates LLC
U-haul Co Of Florida
Grant Deed
$1,400,000 · Community Cu
Dec 28, 2010
—
U-haul Co Of Florida
Babcock Self Storage Lc Coc
Trustees Deed
related
—
Oct 5, 2005
$2,998,000
Babcock Self Storage Lc
Shady Oaks Associates LP
Warranty Deed
$2,380,000 · Bank Of America NA
—
—
Tomahawk Drive Associates LLC
—
Deed Of Trust
related
$500,000 · Robert Boyle
—
—
Babcock Street Associates LLC
—
Deed Of Trust
related
$5,725,000 · Redwood Com'l Mtg
—
—
Babcock Street Associates LLC
—
Deed Of Trust
related
$5,725,000 · Redwood Com'l Mtg
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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