Office Building with Upper
For Sale
$5,200,000
115 N H St, Lompoc, CA 93436
Two office suites combine renovated work areas with event-capable ground-floor space and an upper-level patio.
Property Size16,764 SF
Price / SF$310.19
Days on Market39
Property Features for 115 N H St
General Information
Standard status
Active
Size
16,764 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Office Units
2
Tenant in Place
Yes
Property Use
Office
Amenities
conference room
lobby
large patio
high exposed ceilings
abundant natural light
Building Details
Year Built
1970
Construction
Spanish-style
Listing Agency:
Keller Williams Realty Santa Barbara
Listed By:
Meredith Kramer
(805) 453-0403
Source:
Santaynezvalleyhomesforsale
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 26 at 4:21PM
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 Keller Williams Realty Santa Barbara
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Investment Insights
Based on property information with market context.
Built in 1970, this 16,764-square-foot Spanish-style office property in Lompoc is arranged as two suites. Renovated interiors include a ground-floor build-out for Revino, two offices, a conference room, and a lobby used for events. The upper level provides office space with exposed ceilings, natural light, and a large patio.
The property sits along the historic Highway 1 corridor, and the upper patio overlooks the historic Lompoc Theatre, which is undergoing revitalization. It is within a federally designated Opportunity Zone.
The property sits along the historic Highway 1 corridor, and the upper patio overlooks the historic Lompoc Theatre, which is undergoing revitalization. It is within a federally designated Opportunity Zone.
Key Highlights
- 16,764‑square‑foot office property configured as two suites
- Ground‑floor build‑out for Revino, two offices, and a conference room
- Lobby used for events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,066
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,981,320
$6.0M
Cap Rate 7%
$4,272,371
$4.3M
Cap Rate 9%
$3,322,956
$3.3M
Market Conditions
NOI Build-Up for 16,764 SF
Gross rent
$442.6K $26.40/SF
− Vacancy
−$43.8K −$2.61/SF
EGI
$398.8K $23.79/SF
− OpEx
−$99.7K −$5.95/SF
NOI
$299.1K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,981,320
Cap Rate 7%
$4,272,371
Cap Rate 9%
$3,322,956
Alternative Uses
Best Use
Office B
$4.27M
$3.74M – $4.98M
NOI $299,066 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.26M
$4.60M – $6.14M
NOI $368,307 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two office suites combine renovated work areas with event-capable ground-floor space and an upper-level patio.
Where is this office building located?
The property is located at 115 N H St Lompoc, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 16,764‑square‑foot office property configured as two suites; Ground‑floor build‑out for Revino, two offices, and a conference room; Lobby used for events
