Mixed-Use Building in Prime
For Sale
Contact for pricing
112 N F St, Lompoc, CA 93436
Versatile commercial building with redevelopment potential in Lompoc.
Property Size6,699 SF
Lot Size0.40 Acres
Price / SF$186.60
Days on Market691
Property Features for 112 N F St
General Information
Standard status
Active
Size
6,699 SF
Lot size
0.40 Acres
Property subtype
Office, Retail
Listing Agency:
Hayes Commercial Group
Listed By:
Nolan Tooley · License #CA 02127359
(805) 898-4383
Source:
Crexi
Added: Oct 14, 2024
Changed: Sep 2
Last Checked: Sep 1 at 12:53AM
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 Hayes Commercial Group
Investment Insights
Based on property information with market context.
This 6,699 square foot, three-unit commercial building, constructed in 2006, is situated on a 17,424 square foot lot in Lompoc. Zoned Mixed Use (MU), the property is suitable for retail or office owner-users and presents an investment opportunity, potentially with an existing tenant. The city has indicated approval for conversion into eight apartment units, comprising four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units, suggesting strong potential for multifamily redevelopment. The property includes 26 on-site parking spaces and is located near transportation corridors.
Key Highlights
- Potential for multifamily redevelopment into eight apartment units (4 x 1BD/1BA and 4 x 2BD/1BA) with city approval indicated.
- Versatile 6,699 SF commercial building ideal for owner‑users (retail/office) or investors.
- Located on a large 17,424 SF lot in the heart of Lompoc.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,402
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,040
$948.0K
Cap Rate 7%
$677,171
$677.2K
Cap Rate 9%
$526,689
$526.7K
Market Conditions
NOI Build-Up for 6,699 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.4K $13.20/SF
− Vacancy
−$12.6K −$1.88/SF
EGI
$75.8K $11.32/SF
− OpEx
−$28.4K −$4.25/SF
NOI
$47.4K $7.08/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,040
Cap Rate 7%
$677,171
Cap Rate 9%
$526,689
Alternative Uses
Best Use
Mixed Use
$677.2K
$592.5K – $790.0K
NOI $47,402 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $147,178 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 93436, CA
56,730
Population
18,928
Households
3
Avg Household Size
37
Median Age
17%
College-Educated
76%
High-School Grad
228.0 sq mi
ZIP Area
249
Density / Sq Mi
$76,241
Median Household Income
$36,340
Median Earnings
$1,578
Median Rent
$460,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial building with redevelopment potential in Lompoc.
Where is this mixed-use property located?
The property is located at 112 N F St Lompoc, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Potential for multifamily redevelopment into eight apartment units (4 x 1BD/1BA and 4 x 2BD/1BA) with city approval indicated.; Versatile 6,699 SF commercial building ideal for owner‑users (retail/office) or investors.; Located on a large 17,424 SF lot in the heart of Lompoc.
