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Property profile & analytics
FOR SALE
Retail space
105 Ocean Ave W Ocean Lompoc, CA 93436
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2601214
For Sale
1 / 23
$850,000
105 Ocean Ave W Ocean, Lompoc, CA 93436
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.16 ac (6,969 SF)
APN
085-121-006
UPID
US09-2601214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Party Shop (Now known as Madison's) Party Supply Store (Bike/Boat/Book/etc) Store
-
Ropana Yoga & Wellness Studio Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles D Schroeder · 2 yrs held
Charles D Schroeder
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lompoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lompoc submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,297
Tax year 2024
Assessed value
$202,568
Assessed 2024
Previous assessed
$202,568
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$49,395
Assessed improvement
$153,173
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Heating
NONE
Lot
0.16 ac (6,969 SF)
APN
085-121-006
UPID
US09-2601214
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Charles D Schroeder
Individual
Free & Clear · 2 yrs held
Mailing address
208 S L ST, LOMPOC, CA 93436-7231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
Charles D Schroeder
Charles D Schroeder
Intrafamily Transfer
related
—
Jun 19, 2018
—
Overholt S C Special Needs Trust
Overholt E M Separate Trust
Quit Claim Deed
related
—
Apr 30, 2018
—
Overholt,edith M Separate Trust
Overholt Edith M
Affidavit Of Death
related
—
Apr 22, 2010
—
Hierholzer K A Living Trust
Hierholzer,karin A
Quit Claim Deed
related
—
Dec 29, 2009
—
Karin A Hierholzer
Oatman Karin V Trust
Quit Claim Deed
related
—
Feb 21, 2007
—
Charles D Schroeder
Owner,record
Grant Deed
related
—
Dec 27, 2006
—
Perlin James & D 2006 Trust
Perlin,dorothy E
Quit Claim Deed
related
—
Sep 9, 2005
—
Overholt Edith M Trust
Overholt,edith M
Quit Claim Deed
related
—
Nov 23, 2004
—
Oatman Karin V Trust
Oatman,karin V
Quit Claim Deed
related
—
Mar 18, 2002
—
Schroeder Trust
Schroeder,herbert E
Quit Claim Deed
related
—
May 6, 1998
$1,500
Dorothy E Perlin
Gelzer,mary E
Grant Deed
related
—
May 17, 1996
$40,000
Charles D Schroeder
Schroeder,frances M
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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