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521 E Ocean Ave 1,916 SF Office Building Lompoc, CA 93436 $500,000 ($260.96/SF) 10.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Visibility on Main Entry Into Town- Hwy 1 is also Ocean Ave
- Plenty of private parking along with street parking.
EXECUTIVE SUMMARY
Currently NNN lease to 03/30/2027
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,916 SF
Building Class
C
Year Built
1968
Price
$500,000
Price Per SF
$260.96
Cap Rate
10.80%
NOI
$54,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,916 SF
Building FAR
0.18
Lot Size
0.24 AC
Parking
8 Spaces (4.18 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 085-133-006 | Improvements Assessment | $473,298 (2025) |
| Land Assessment | $159,181 (2025) | Total Assessment | $632,479 (2025) |
PROPERTY TAXES
Parcel Number
085-133-006
Land Assessment
$159,181 (2025)
Improvements Assessment
$473,298 (2025)
Total Assessment
$632,479 (2025)
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521 E Ocean Ave
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