Mixed-Use Building in Prime
For Sale
Contact for pricing
112 N F St, Lompoc, CA 93436
Versatile commercial building with redevelopment potential in Lompoc.
Property Size6,699 SF
Lot Size0.40 Acres
Price / SF$186.60
Days on Market741
Property Features for 112 N F St
General Information
Standard status
Active
Size
6,699 SF
Lot size
0.40 Acres
Property subtype
Office, Retail
Listing Agency:
Hayes Commercial Group
Listed By:
Nolan Tooley · License #CA 02127359
(805) 705-6924
Source:
Crexi
Added: Oct 14, 2024
Changed: Oct 20
Last Checked: Oct 23 at 6:24AM
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
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Investment Insights
Based on property information with market context.
This 6,699 square foot, three-unit commercial building, constructed in 2006, is situated on a 17,424 square foot lot in Lompoc. Zoned Mixed Use (MU), the property is suitable for retail or office owner-users and presents an investment opportunity, potentially with an existing tenant. The city has indicated approval for conversion into eight apartment units, comprising four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units, suggesting strong potential for multifamily redevelopment. The property includes 26 on-site parking spaces and is located near transportation corridors.
Key Highlights
- Potential for multifamily redevelopment into eight apartment units (4 x 1BD/1BA and 4 x 2BD/1BA) with city approval indicated.
- Versatile 6,699 SF commercial building ideal for owner‑users (retail/office) or investors.
- Located on a large 17,424 SF lot in the heart of Lompoc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,402
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,040
$948.0K
Cap Rate 7%
$677,171
$677.2K
Cap Rate 9%
$526,689
$526.7K
Market Conditions
NOI Build-Up for 6,699 SF
Gross rent
$88.4K $13.20/SF
− Vacancy
−$12.6K −$1.88/SF
EGI
$75.8K $11.32/SF
− OpEx
−$28.4K −$4.25/SF
NOI
$47.4K $7.08/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,040
Cap Rate 7%
$677,171
Cap Rate 9%
$526,689
Alternative Uses
Best Use
Mixed Use
$677.2K
$592.5K – $790.0K
NOI $47,402 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $147,178 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial building with redevelopment potential in Lompoc.
Where is this mixed-use property located?
The property is located at 112 N F St Lompoc, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Potential for multifamily redevelopment into eight apartment units (4 x 1BD/1BA and 4 x 2BD/1BA) with city approval indicated.; Versatile 6,699 SF commercial building ideal for owner‑users (retail/office) or investors.; Located on a large 17,424 SF lot in the heart of Lompoc.
