514–518 North H Street Office
  • Asking Price
    $1.5MAsking Price
  • Cap Rate
    4.02%Cap Rate
  • Price/SF
    $210.82Price/SF
  • NOI
    $58,336NOI
  • Size
    6,878 SFSize
  • Acres
    ~0.40 acAcres

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 Type
    Office
  • Size
    6,878 SF
  • Properties
    1
  • Built
    1973
  • Parking
    33
  • Total Acres
    ~0.40 ac

Sale Details

  • Cap Rate
    4.02%
  • NOI
    $58,336
  • Stabilized Cap Rate
    6.41%
  • Stabilized NOI
    $102,100
  • In-Place NOI
    $58,336
  • GRM
    13.52
  • Potential GRM
    9.36
  • In-Place Rents
    107,220
  • Market Rents
    154,866

Documents

Property Address

514–518 North H Street
Lompoc, CA 93436-5324

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

Miles Waters profile image

Miles Waters

Vice President
Colliers
CA RE Lic. 02047288
Austin Herlihy profile image

Austin Herlihy

Executive Vice President
Colliers
CA RE Lic. 01518112
Mike Chung profile image

Mike Chung

Associate
Colliers
CA RE Lic. #02156327