5240 Babcock St NePalm Bay, FL 32905

  • Office properties
  • 45,982 SF
Off market
$35,566,740 Estimated

Property Details for 5240 Babcock St Ne

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.55 AC
Property size (Sq ft)
45,982 SF
Zone code
CC
Property type
Office properties
Property subtype
Office buildings
APN
28-37-28-75-00000.0-000A.00
APU
28372875000000000A00

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,637,702
    6.5%
    $11,665,571
    7%
    $10,832,316
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,220,554
    Geo Method
    $7,220,554
  • Alternative Use

    Use
    Valuation
    Residential
    $14,465,308
    Hospitality
    $13,250,145
    Educational
    $11,023,965
    Medical
    $11,403,096
    Retail
    $17,148,390
5240 Babcock St Ne, Palm Bay, Florida

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0186
Longitude
-80.6231
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
$35,776
$714,430
$1,196,430
$1,910,860
-
$714,430
$1,196,430
$1,910,860

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