Office Building with
New
For Sale
$5,200,000
115 N H Street, Lompoc, CA 93436
Commercial Sale, LOMPOC, CA
Property Size16,764 SF
Lot Size0.24 Acres
Price / SF$310.19
Days on Market2
Property Features for 115 N H Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-2
Subdivision
55 - LOMPOC
Standard status
Active
APN
085-121-004
Size
16,764 SF
Lot size
0.24 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Listing Agency:
Keller Williams Realty Santa Barbara
Listed By:
Meredith Kramer
(805) 456-3600
Added: Oct 7
Last Checked: Oct 8 at 12:06AM
MLS# 26-3388
Copyright © 2026 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16,764-square-foot office building contains two suites and sits on a 0.24-acre parcel. The Spanish-style property, built in 1970, has been renovated and includes central air. Ground-floor space features a customized Revino build-out, 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.
At 115 N H Street in Lompoc, the property lies along the historic Highway 1 corridor and is federally designated as an Opportunity Zone. The patio overlooks the historic Lompoc Theatre, which is undergoing revitalization. Zoning is C-2.
At 115 N H Street in Lompoc, the property lies along the historic Highway 1 corridor and is federally designated as an Opportunity Zone. The patio overlooks the historic Lompoc Theatre, which is undergoing revitalization. Zoning is C-2.
Key Highlights
- 16,764‑square‑foot office building with two suites
- 0.24‑acre parcel zoned C‑2
- Upper‑level office area features a large patio and exposed ceilings
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.
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,193
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two suites include office, conference, and event areas within a C-2-zoned property.
Where is this office building located?
The property is located at 115 N H Street 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 building with two suites; 0.24‑acre parcel zoned C‑2; Upper‑level office area features a large patio and exposed ceilings
