Lompoc Historic Schroeder Building For
105 105-109 W Ocean Lompoc, CA 93436
For Sale
$850,000
Pending
Downtown commercial building in Lompoc's Old Town district.
Property Size5,000 SF
Days on Market97
Property Features for 105 105-109 W Ocean
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
Commercial
Listing Agency:
(805) 736-7539
Listed By:
Carolina Palacioz
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 9:24AM
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.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
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
NOI $109,851 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- A Little Something Special and More — 109 N H St, Lompoc, CA 93436
- Lompoc Valley Florist — 322 N H St SUITE A, Lompoc, CA 93436
Frequently Asked Questions
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 105 105-109 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.
