Mixed-Use Property Ready for
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533 North G street, Lompoc, CA 93436
Zoned for central business, possibility for live/work situation.
Property Size868 SF
Price / SF$455.07
Days on Market211
Property Features for 533 North G street
General Information
Standard status
Active
Size
868 SF
Property subtype
Special Purpose
Zoning
CB
Listing Agency:
Coldwell Banker Select Realty
Listed By:
Cindy Eisen · License #CA, #01507193
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Coldwell Banker Select Realty
Investment Insights
Based on property information with market context.
This property, suitable for commercial real estate, is clean and ready for business use, with the possibility for a live/work arrangement. It is zoned 'CB' Central Business, which applies to areas providing a wide variety of retail, office, and service uses, including visitor-oriented and auto-oriented businesses, catering to the business and commercial needs of the city. The property is also located within the 'HSO' H Street Overlay zone. This overlay applies to lots along the H Street corridor, anticipating redevelopment or development with improvements that enhance the built environment for pedestrians, bicycles, transit, and private vehicles. The property has a size of 868 square feet. All potential uses should be verified with the City of Lompoc.
Key Highlights
- Zoned 'CB' Central Business, allowing for a wide variety of retail, office, and service uses.
- Located in the 'HSO' H Street Overlay zone, indicating potential for redevelopment and improvements.
- Possibility for a live/work situation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,700
$309.7K
Cap Rate 7%
$221,214
$221.2K
Cap Rate 9%
$172,056
$172.1K
Market Conditions
NOI Build-Up for 868 SF
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.
Gross rent
$22.9K $26.40/SF
− Vacancy
−$2.3K −$2.61/SF
EGI
$20.6K $23.79/SF
− OpEx
−$5.2K −$5.95/SF
NOI
$15.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,700
Cap Rate 7%
$221,214
Cap Rate 9%
$172,056
Alternative Uses
Best Use
Office B
$221.2K
$193.6K – $258.1K
NOI $15,485 @ 7.0% cap · market cap 3.92%
Second Best
Mixed Use
$87.7K
$76.8K – $102.4K
NOI $6,142 @ 7.0% cap · market cap 1.55%
Theoretical Best
Multifamily LT 5
$272.4K
$238.4K – $317.8K
NOI $19,070 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,497
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?
Mixed-use property - Zoned for central business, possibility for live/work situation.
Where is this mixed-use property located?
The property is located at 533 North G street Lompoc, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Zoned 'CB' Central Business, allowing for a wide variety of retail, office, and service uses.; Located in the 'HSO' H Street Overlay zone, indicating potential for redevelopment and improvements.; Possibility for a live/work situation.
