4070 Babcock StMelbourne, FL 32901

Property Details for 4070 Babcock St

Lot size

1.04 AC

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

28-37-16-00-00772.0-0000.00

APU

9223372036854775807

Description

This exceptional 7,930 square foot, single-story office building in Melbourne, Brevard County, offers three available suites ranging from 1,502 to 5,504 contiguous square feet. Built in 2023, this Class B property sits on a 1.04-acre lot and is zoned C1, providing ample opportunity for various businesses. The building features a total of four suites, with 5,504 square feet currently vacant, offering significant flexibility for tenants. The shell space allows for customization to meet specific business needs. Convenient on-site parking is available for tenants and their clients. This prime location on busy Babcock Street ensures high visibility and accessibility. The property's APN is 28-37-16-00-772. Ideal for medical or traditional office uses, this building presents a rare opportunity to secure modern, adaptable space in a thriving area. Don't miss this chance to establish your business in a newly constructed, well-located building.

• CAP approach

  CAP return

  Valuation

  6%

  $12,450,811

  6.5%

  $11,493,056

  7%

  $10,672,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,113,773

  Geo Method

  $7,113,773

• Alternative Use

  Use

  Valuation

  Residential

  $14,251,390

  Hospitality

  $13,054,196

  Educational

  $10,860,938

  Medical

  $11,234,462

  Retail

  $16,894,792

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0475

Longitude

-80.6223

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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