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Lompoc Historic Schroeder Building For Sale

105 W Ocean Lompoc, CA 93436

105 W Ocean, Lompoc, CA, 93436

$850,000

For Sale

$850,000

Downtown commercial building in Lompoc's Old Town district.

Property Size5,000 SF

Price / SF$170

AddedApr 24

Days on Market83

Last RefreshJul 15 at 4:54 pm

Property Features for 105 W Ocean

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Commercial

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Carolina Palacioz

Investment Insights

Based on property information with market context.

The Schroeder Building, a commercial property, is situated in the Old Town district of Lompoc. The building features two units and a parking lot. The property includes two parcels. Significant improvements have been made in the building within the last few years including roof replacement, repaving of the parking lot, repainting of the building, and the installation of ADA-compliant bathrooms in both rental spaces. One unit measures 3,000 square feet, while the other provides 2,000 square feet of space. The property at 109 W Ocean is a parking lot. The building has access from the rear alley, with additional parking in the back and public street parking at the front. The property has a walk score of 41, indicating that it is car-dependent, and a bike score of 23, indicating that it is somewhat bikeable.

Key Highlights

Located in the heart of Lompoc's desirable Old Town district.
Features two commercial units currently occupied by established businesses that generate substantial traffic.
Includes a parking lot and two parcels in the sale.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$120.0k	$24.00
− Vacancy	−$9.0k	−$1.80
EGI	$111.0k	$22.20
− OpEx	−$33.3k	−$6.66
NOI	$77.7k	$15.54

5,000 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.11M

$971.3K – $1.30M (±1% cap)

NOI $77,700 @ 7.0% cap · market cap 9.14%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,851 @ 7.0% cap · market cap 12.92%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Party Shop (Now ... Party Supply Store Ropana Yoga & Wellness ... Gym & Fitness Center

Suggested Use

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For sale
Storefront properties
CA
Lompoc
93436
105 105-109 W Ocean

What type of property is this?

Storefront property - Downtown commercial building in Lompoc's Old Town district.

Where is this storefront property located?

The property is located at 105 W Ocean Lompoc, CA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Located in the heart of Lompoc's desirable Old Town district.; Features two commercial units currently occupied by established businesses that generate substantial traffic.; Includes a parking lot and two parcels in the sale.