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    F 112116 St Lompoc, CA 93436

    For Sale
    Contact for pricing

    Versatile Commercial Building, High Potential

    Property size:
    6,699 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 112116 Street in Lompoc, California, presents a unique investment opportunity. The 6,699 square foot building, constructed in 2006, currently features three commercial units totaling 5,895 square feet and sits on a sizable 17,424 square foot lot. Its current configuration is ideal for an owner-user seeking retail or office space, or for an investor seeking a property with an existing tenant. The property's Mixed Use (MU) zoning designation unlocks significant potential for future development. The City of Lompoc has indicated approval for conversion into an eight-unit multifamily complex, comprising four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. This redevelopment potential significantly enhances the property's long-term value and investment appeal. The property boasts ample parking with 26 on-site spaces, ensuring convenience for tenants and customers. Its strategic location near major transportation routes provides excellent accessibility and visibility. This combination of existing income potential, future development possibilities, and convenient location makes this property a rare and highly desirable investment opportunity in the thriving Lompoc market. The property is ready for immediate showing.

    Property Features for F 112116 St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,699 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lompoc
    County
    Santa Barbara
    State
    California
    Longitude
    -120.4554
    Latitude
    34.63912

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building, High Potential
    Where is this commercial real estate located?
    The property is located at F 112116 St Lompoc, CA.
    What is the asking price?
    The asking price for this property is $1.00.
    (805) 563-2111
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    F 112116 St Lompoc, CA 93436
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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
    F 112116 St Lompoc, CA 93436
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