Small-Bay Industrial
311 North 2nd Street Lompoc, CA 93436
311 North 2nd Street, Lompoc, CA, 93436
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For Sale
Contact for pricing
Small-bay industrial buildings at 311–321 N 2nd Street with flexible loading, free-span ceilings, and ample onsite parking.
Property Size12,000 SF
Price / SF$207.92
Days on Market54
Property Features for 311 North 2nd Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1962
Listing agency
Hayes Commercial Group
(805) 898-4383
Listed by
Nolan Tooley · License #CA 02127359
Source
Crexi
Added: May 29 Updated: Jul 21 at 3:18AM Checked: Jul 21 at 3:18AM
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 Hayes Commercial Group
Investment Insights
Based on property information with market context.
311–321 North 2nd Street presents a small-bay industrial opportunity featuring free-span ceilings, flexible loading, and ample onsite parking. The property is currently at 50% occupancy and is offered for sale with flexible acquisition strategies, including lease-up to stabilize.
The buildings are positioned in Lompoc, California, and the offering is described as suitable for either an investor seeking to execute a straightforward lease-up or an owner-user looking to occupy one or more units while leasing the remainder.
Per the provided remarks, the in-place performance is described at a 5.27% cap rate with a stated path to 7.10% stabilized occupancy.
The buildings are positioned in Lompoc, California, and the offering is described as suitable for either an investor seeking to execute a straightforward lease-up or an owner-user looking to occupy one or more units while leasing the remainder.
Per the provided remarks, the in-place performance is described at a 5.27% cap rate with a stated path to 7.10% stabilized occupancy.
Key Highlights
- Small‑bay industrial buildings at 311–321 N 2nd Street
- Year built: 1962
- Features free‑span ceilings and flexible loading
Local Financial Insights For Warehouse
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 | $122.4k | $10.20 |
| − Vacancy | −$17.4k | −$1.45 |
| EGI | $105.0k | $8.75 |
| − OpEx | −$15.7k | −$1.31 |
| NOI | $89.2k | $7.44 |
12,000 SF · lease $10.20/SF/yr · vacancy 14.23% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.27M
$1.12M – $1.49M
NOI $89,235 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.77M
$3.30M – $4.39M
NOI $263,641 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Black Rose independent ...
Art Studio
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FAQs
What type of property is this?
Warehouse - Small-bay industrial buildings at 311–321 N 2nd Street with flexible loading, free-span ceilings, and ample onsite parking.
Where is this warehouse located?
The property is located at 311 North 2nd Street Lompoc, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Small‑bay industrial buildings at 311–321 N 2nd Street; Year built: 1962; Features free‑span ceilings and flexible loading
