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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
116 College Ave Lompoc, CA 93436-5335
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3135577
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.16 ac (6,969 SF)
APN
087-192-002
UPID
US10-3135577
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
-
Twin Oaks Real Estate Management Property Management Company
-
Ron Bishow Real Estate Agency
-
7 Day Spa Alternative Medicine Practice Spa & Massage Center
-
Catholic Psychological Services Physician Medical Clinic
-
Tower Financial Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Bradley Defnet · 4 yrs held
Bradley Defnet
since 2022
Last sale
$570,000
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
Method
Estimation
Statistic approach
$785,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $570k (May 11 2022)
Last sale anchor
$570k
May 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$6,649
Tax year 2024
Assessed value
$593,028
Assessed 2024
Previous assessed
$593,028
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$72,828
Assessed improvement
$520,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
0.16 ac (6,969 SF)
APN
087-192-002
UPID
US10-3135577
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
Bradley Defnet
Individual
Mailing address
1461 KRONBORG DR, SOLVANG, CA 93463-2028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$570,000
Bradley Defnet
Owen M Schafer
Grant Deed
—
May 10, 2017
$500,000
Schafer,owen S Family Trust
Property Remarketing
Grant Deed
—
Oct 7, 2009
—
Property Remarketing
Orsua,joe G & Karen C
Deed In Lieu Of Foreclosure
related
—
Mar 15, 2006
$206,000
Joe Orsua
Property Remarketing
Grant Deed
$637,500 · Property Remarketing
Sep 16, 2005
$575,000
Property Remarketing
Patel Family Trust
Grant Deed
$431,250 · Lompoc Community Bank
Oct 24, 2002
$385,000
Pankaj T Patel
Kappler,douglas D & Valerie
Grant Deed
$288,750 · Goleta National Bank
—
—
Property Remarketing
—
Loan Modification
related
$432,575 · Lompoc Cmnty Bk
—
—
Pankaj T Patel
—
Deed Of Trust
related
$105,000 · Walker Trust
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.
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