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    1020 Ocean Ave Lompoc, CA 93436-7021
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    Property profile & analytics

    1020 Ocean Ave, Lompoc, CA 93436-7021

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    • Hotels
    • 0.93 lot acres
    Off-Market
    Property ID
    US10-2046430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Red Roof Inn Lompoc / Hotel & Motel

    Property Details for 1020 Ocean Ave

    Lot size
    0.93 lot acres
    Property type
    Hotels
    APN
    085-150-072
    APU
    85150072

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2024 — Lompoc Investments INC — Deed · related $1.6M · Bank Of The Sierra
    May 26, 2017 $2,575,000 Lompoc Investments INC Kabir Daystar LLC Grant Deed $2M · Pacific City Bank
    Mar 18, 2014 $2,150,000 Kabir Daystar LLC 545 West Grape LP Grant Deed $1.1M · Silvergate Bank
    Apr 10, 2012 $1,778,875 545 West Grape LP Statewide Reconveyance Grp Trustees Deed · related $960k · Silvergate Bank
    May 9, 2008 $3,300,000 Inn 4 Site INC Lompoc Motel Investments INC Grant Deed $1.7M · Silvergate Bank
    Jul 22, 2004 $1,388,000 Lompoc Motel Investments INC Tally Ho Motor Inn LLC Grant Deed · related $948k · Community National Bank
    Jun 2, 2004 — Tally Ho Motor Inn LLC Patel,tejas T Quit Claim Deed · related —
    Dec 11, 2000 — Tejas T Patel Thmi Hotel Corp Grant Deed $770k · Community National Bank
    — — 545 West Grape LP — Loan Modification · related $960k · Silvergate Bk
    — — 545 West Grape LP — Deed Of Trust · related $50k · Reay Trust
    — — Lompoc Motel Investments INC — Deed Of Trust · related $150k · Sterling Savings Bank
    — — 545 West Grape LP — Deed Of Trust · related $78k · Atlas Hospitality Group
    — — 545 W Grape LP — Deed Of Trust · related $450k · Silvergate Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lompoc
    County
    Santa Barbara
    State
    California
    Longitude
    -120.446
    Latitude
    34.6385
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,077
    $568,914
    $2,326,537
    $2,895,451
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,525,000
      41,239 SF

      3955 Apollo Way

      HOTEL
      3955 Apollo Way, Lompoc, CA 93436-1928
      View Details
    • Value Estimation by Request
      0.96 Acres

      1415 Ocean Ave

      HOTEL
      1415 Ocean Ave, Lompoc, CA 93436-7051
      View Details
    • Value Estimation
      $4,480,000
      2.30 Acres

      1521 H St

      HOTEL
      1521 H St, Lompoc, CA 93436-2818
      View Details
    • Value Estimation
      $740,000
      6.83 Acres

      3955 Apollo Way

      HOTEL
      3955 Apollo Way, Lompoc, CA 93436-1928
      View Details
    • Value Estimation
      $755,000
      2.78 Acres

      1201 H St

      HOTEL
      1201 H St, Lompoc, CA 93436-3301
      View Details
    • Value Estimation by Request
      0.40 Acres

      124 G St

      HOTEL
      124 G St, Lompoc, CA 93436-6858
      View Details

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      Operating Dispensary Business in Lompoc

      Established cannabis dispensary with strong revenue in high-demand Central Coast.
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      View Details

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      15,052 SF

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      Retail and restaurant spaces available in Lompoc, California.
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      View Details
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      2,100 SF

      Retail Space in Lompoc, CA

      Retail space available in high-traffic Lompoc location.
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      View Details
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    Lompoc, CA 93436-7021
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1020 Ocean Ave, Lompoc, CA, 93436
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