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Property profile & analytics
FOR SALE
Industrial properties
203 Central Ave Lompoc, CA 93436
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1723108
For Sale
1 / 21
$1,200,000
203 Central Ave, Lompoc, CA 93436
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Lot
0.06 ac (2,729 SF)
APN
093-560-004
UPID
US09-1723108
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
-
Thrive Health, a Hurd Chiropractic P.C. Alternative Medicine Practice
-
Dr. Bruce Stevens Alternative Medicine Practice
-
Morgan Hurd Alternative Medicine Practice
-
Hurd Life Chiropractic Alternative Medicine Practice
-
Spokenbody Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Joel T Lazaer · 3 yrs held
Joel T Lazaer
since 2023
Last sale
$765,000
6 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
$955,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $765k (Mar 6 2023)
Last sale anchor
$765k
Mar 6 2023
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
$9,087
Tax year 2024
Assessed value
$820,231
Assessed 2024
Previous assessed
$820,231
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$214,438
Assessed improvement
$605,793
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
For Sale
Heating
NONE
Lot
0.06 ac (2,729 SF)
APN
093-560-004
UPID
US09-1723108
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
0.06 ac
Current owner
From public records · entity-resolved
Joel T Lazaer
Individual
Free & Clear · 3 yrs held
Mailing address
203 W CENTRAL AVE, LOMPOC, CA 93436-2813
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
Joel T Lazaer
Joel Thomas Lazaer
Intrafamily Transfer
related
—
Oct 31, 2019
$765,000
Hurd Property Holdings LLC
Bruce Stevens
Grant Deed
$945,900 · Umpqua Bank
Jun 8, 2018
—
Bruce Stevens
—
Deed
related
$150,000 · Newberry 1980 Family Tr (pt)
Apr 18, 2016
$444,000
Bruce Stevens
Lazaer,joe T & Daisy A
Grant Deed
—
Jun 3, 2010
—
Joe T Lazaer
Robertson,mike T & Frances J
Grant Deed
$350,000 · Lompoc Community Bank
—
—
Bruce Stevens
—
Deed Of Trust
related
$150,000 · Newberry 1980 Family Tr (pt)
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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