Description
514–518 North H Street is offered at $1,450,000 as a 6,878-square-foot multi-tenant office property along Lompoc’s principal commercial corridor. The Class B building occupies approximately 0.40 acres and includes about 33 surface parking spaces, supporting tenants, clients, and visitors.
Constructed in 1973, the property is configured for multiple occupants and offers visibility and access on North H Street. The site is reported with CB Central Business zoning and is identified as APN 087-192-018. The existing tenant mix and available space create potential for an investor to maintain income while pursuing additional lease-up.
The location is near professional services, medical offices, municipal facilities, and retail amenities, with Vandenberg Space Force Base serving as an important regional economic driver. Buyers should verify the current rent roll, occupancy, lease terms, operating expenses, and financial performance with the listing team.
Offering Summary
- Asking Price$1,450,000
- Price PSF$210.82
- Price/Acre$3,625,000
- Property TypeOffice
- Size6,878 SF
- Properties1
- Built1973
- Parking33
- Total Acres~0.40 ac
Sale Details
- Cap Rate4.02%
- NOI$58,336
- Stabilized Cap Rate6.41%
- Stabilized NOI$102,100
- In-Place NOI$58,336
- GRM13.52
- Potential GRM9.36
- In-Place Rents107,220
- Market Rents154,866
Documents
Property Address
Property Details
- Property Type
Office - Square Feet
6,878 SF - Year Built
1973 - Total Parking
33 - Tenancy
Multi - Acres
0.40 - Zoning
CB - Central Business - APN
087-192-018
Deal Team


Austin Herlihy



