203 Central Avenue, Lompoc, CA 93436
Professionally improved office condominium with parking, currently occupied by chiropractic operators.
- Added:
- May 23, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 15 at 1:38 am
Property Features for 203 Central Avenue
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1993
Listing agent Araceli Jugo
Listing office Exp Commercial of California, Inc. (310) 200-1490
Listing date May 23, 2026
Source Xome
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.
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
- Parking available
- Built in 1993
- Flexible ownership structure with potential for continued long‑term tenancy
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lompoc
- County
- Santa Barbara
- State
- California
- Longitude
- -120.4596754
- Latitude
- 34.6616145
