Mixed-Use Building in Prime
112 N F St Lompoc, CA 93436
112 N F St, Lompoc, CA, 93436
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For Sale
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Versatile commercial building with redevelopment potential in Lompoc.
Property Size6,699 SF
Lot Size0.40 Acres
Price / SF$186.60
Days on Market645
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
(805) 898-4383
Listed by
Nolan Tooley · License #CA 02127359
Source
Crexi
Added: Oct 14, 2024 Updated: Jul 10 at 3:44 pm Checked: Jul 17 at 6:36 am
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 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.
Local Financial Insights For Retail
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 | $160.8k | $24.00 |
| − Vacancy | −$12.1k | −$1.80 |
| EGI | $148.7k | $22.20 |
| − OpEx | −$44.6k | −$6.66 |
| NOI | $104.1k | $15.54 |
6,699 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,509 @ 7.0% cap · market cap 9.56%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,102 @ 7.0% cap · market cap 8.33%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
