Drive-Through Restaurant
For Sale
Contact for pricing
825 N H St, Lompoc, CA 93436
Drive-thru lane restaurant building with FF&E and a multi-tenant layout, delivered vacant at close.
Property Size5,475 SF
Price / SF$273.97
Days on Market310
Property Features for 825 N H St
General Information
Standard status
Active
Size
5,475 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Drive-Thru
Yes
Equipment Included
Yes
Listing Agency:
Hayes Commercial Group
(805) 898-4363
Listed By:
Nolan Tooley · License #02127359
(805) 898-4383
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Sep 9
Last Checked: Sep 12 at 10:21AM
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.
This drive-through restaurant building is 5,475 SF and was most recently used as a restaurant, after previously operating as a bank. The property includes an existing drive-thru lane and restaurant FF&E, along with a layout designed to support multi-tenant flexibility.
The building was delivered vacant at close, providing immediate occupancy for an owner-user or investor. The onsite configuration is intended to accommodate quick-service and fast-casual concepts, as well as redevelopment scenarios.
Located at 825 N H St in Lompoc, CA 93436, the property provides a ready-to-operate drive-through option based on the existing improvements and restaurant package included with the sale.
The building was delivered vacant at close, providing immediate occupancy for an owner-user or investor. The onsite configuration is intended to accommodate quick-service and fast-casual concepts, as well as redevelopment scenarios.
Located at 825 N H St in Lompoc, CA 93436, the property provides a ready-to-operate drive-through option based on the existing improvements and restaurant package included with the sale.
Key Highlights
- 5,475 SF drive‑through restaurant building
- Existing drive‑thru lane for on‑site service
- Restaurant FF&E included
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
$85,768
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
5.72%
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%
$1,715,360
$1.7M
Cap Rate 7%
$1,225,257
$1.2M
Cap Rate 9%
$952,978
$953.0K
Market Conditions
NOI Build-Up for 5,475 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
$118.3K $21.60/SF
− Vacancy
−$3.9K −$0.71/SF
EGI
$114.4K $20.89/SF
− OpEx
−$28.6K −$5.22/SF
NOI
$85.8K $15.67/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$21.60 /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%
$1,715,360
Cap Rate 7%
$1,225,257
Cap Rate 9%
$952,978
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,768 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.72M
$1.50M – $2.00M
NOI $120,286 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
948
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-thru lane restaurant building with FF&E and a multi-tenant layout, delivered vacant at close.
Where is this drive through restaurant located?
The property is located at 825 N H St Lompoc, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,475 SF drive‑through restaurant building; Existing drive‑thru lane for on‑site service; Restaurant FF&E included
