Office Condominium Unit
For Sale
$1,200,000
203 Central Avenue, Lompoc, CA 93436
Professionally improved office condominium with parking, currently occupied by chiropractic operators.
Property Size4,400 SF
Price / SF$272.73
Days on Market93
Property Features for 203 Central Avenue
General Information
Standard status
Active
Size
4,400 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1993
Listing Agency:
Exp Commercial of California, Inc.
(310) 200-1490
Listed By:
Araceli Jugo
Source:
Xome
Added: May 4
Changed: Jul 10
Last Checked: Aug 4 at 3:39AM
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 Exp Commercial of California, Inc.
Investment Insights
Based on property information with market context.
Unit 203 is a professionally improved office condominium offered for sale. The space is configured as an office unit designed for professional use, and it is positioned as an owner-user or investment-capable option within the property’s flexible ownership structure. Parking availability supports day-to-day tenant and visitor access.
The unit is located at 203 Central Avenue in Lompoc, California. The property’s office-condominium format makes it suitable for buyers seeking control of an individual suite while retaining the convenience of a shared commercial setting.
For professional users, Unit 203 offers an upgraded, ready-to-occupy layout with on-site parking. For buyers considering a leasing strategy, the unit is described as currently occupied by chiropractic operators, offering continuity for an owner who wants to align with the existing professional tenant profile. This combination of improved condition, parking, and condominium ownership structure can support a range of office ownership goals.
The unit is located at 203 Central Avenue in Lompoc, California. The property’s office-condominium format makes it suitable for buyers seeking control of an individual suite while retaining the convenience of a shared commercial setting.
For professional users, Unit 203 offers an upgraded, ready-to-occupy layout with on-site parking. For buyers considering a leasing strategy, the unit is described as currently occupied by chiropractic operators, offering continuity for an owner who wants to align with the existing professional tenant profile. This combination of improved condition, parking, and condominium ownership structure can support a range of office ownership goals.
Key Highlights
- Professionally improved office condominium currently occupied by chiropractic operators (Unit 203)
- Office condo in a Central Coast office market with stable, supply‑constrained conditions
- Upgraded condition
Financial Insights For Office B
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 | $116.2k | $26.40 |
| − Vacancy | −$11.5k | −$2.61 |
| EGI | $104.7k | $23.79 |
| − OpEx | −$26.2k | −$5.95 |
| NOI | $78.5k | $17.84 |
4,400 SF · lease $26.40/SF/yr · vacancy 9.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$981.2K – $1.31M
NOI $78,495 @ 7.0% cap · market cap 6.54%
Second Best
Healthcare Medical
$937.1K
$820.0K – $1.09M
NOI $65,597 @ 7.0% cap · market cap 5.47%
Theoretical Best
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,669 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
666
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally improved office condominium with parking, currently occupied by chiropractic operators.
Where is this office units located?
The property is located at 203 Central Avenue Lompoc, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Professionally improved office condominium currently occupied by chiropractic operators (Unit 203); Office condo in a Central Coast office market with stable, supply‑constrained conditions; Upgraded condition
