Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Airplane Hangar at Airport Title is generated by Realmo AI

    2496 N AVIATOR Way, Spanish Fork, UT 84660

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    COMMERCIAL - Spanish Fork, UT

    Property size:
    4,900 SF
    Lot size:
    0.01 Acres
    Price / SF:
    $275/SF
    Added:
    May 22, 2026
    Days on Market:
    9
    Last Refresh:
    May 30 at 1:06 pm

    Property Features for 2496 N AVIATOR Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    4,900 SF
    Lot size
    0.01 Acres

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Clint Kelson

    Listing agent Clint Kelson

    Listing office Equity Real Estate (Prosper Group) 813 N 900 W, Orem, UT

    Listing date May 22, 2026

    MLS# 2161786

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Huge 70x70 airplane hangar at Spanish Fork Municipal Airport.
    • Newly completed construction (December 2025) with high‑quality finishes.
    • Expansive 18' x 80' trifold hangar doors and 12' x 14' RV door.
    • Long‑term 50‑year ground lease.
    • ADA‑compliant bathroom with shower, shop sink, RV dump and power.
    • Full insulation, radiant tube heating, and modern lighting throughout.

    Overview

    This newly completed 70x70 airplane hangar at the Spanish Fork Municipal Airport offers an opportunity for aviation enthusiasts and investors. Completed in December 2025, the hangar features high-quality construction with full insulation and abundant natural light from south and west facing windows. The interiors are finished with painted sheetrock, radiant tube heating, and modern lighting. The unit is equipped with an ADA-compliant bathroom with shower, shop sink, RV dump and power. It also includes expansive 18' x 80' trifold hangar doors, a 12' x 14' RV door, and a standard man door. Ownership includes the building itself, with a long-term 50-year ground lease (30 years plus two 10-year renewals). Located in a rapidly growing area with quick freeway access and a welcoming general aviation community, this hangar presents a valuable investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Map

    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.689
    Latitude
    40.1192

    Nearby Similar for Sale

    • $675,000
      3,240 SF

      Well-Maintained Duplex with Rental Income

      Turnkey duplex in Spanish Fork with long-term income potential.
      434 S 900 E, Spanish Fork, UT 84660
      View Details
    • $1,450,000
      6,400 SF

      Airplane Hangar at Spanish Fork

      80x80 airplane hangar with 50-year ground lease.
      2496 N AVIATOR Way, Spanish Fork, UT 84660
      View Details
    • $514,900
      2,020 SF

      Remodeled Duplex in Spanish Fork

      Newly remodeled duplex with modern upgrades in a prime location.
      263 E CENTER St, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Industrial Space in Spanish Fork

      Well-located property with modern industrial features and adaptable floor plans.
      82 East 3450 North, Spanish Fork, UT 84660
      View Details
    • $1.00
      46,876 SF

      Commercial Units in Spanish Fork

      Versatile commercial units in a rapidly growing business hub.
      1150 W, Spanish Fork, UT 84660
      View Details
    • $814,800
      2,716 SF

      New Professional Office Building Suites

      Suites available for lease in a new professional office building.
      1642 E Spanish Fork Pkwy, Spanish Fork, UT
      View Details
    • $895,000

      Restaurant with Apartment For Sale

      Thriving restaurant with a spacious three-bedroom apartment.
      242 N MAIN St, Spanish Fork, UT 84660
      View Details
    • $6,750,000
      75,068 SF

      New Boat and RV Facility

      Class A boat and RV storage facility in Spanish Fork.
      2400 S 1707 W, Spanish Fork, UT
      View Details
    • Contact for pricing
      11,280 SF

      Renovated Mixed-Use Property For Sale

      Recently renovated mixed-use property suitable for retail or office use.
      72 N MAIN ST, SPANISH FORK, UT
      View Details
    • $895,000

      Restaurant with Apartment For Sale

      Restaurant and three-bedroom apartment with seller financing available.
      242 N MAIN ST, Spanish Fork, UT 84660
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Newly completed airplane hangar with long-term ground lease.
    Where is this aviation real estate located?
    The property is located at 2496 N AVIATOR Way Spanish Fork, UT.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Huge 70x70 airplane hangar at Spanish Fork Municipal Airport.; Newly completed construction (December 2025) with high‑quality finishes.; Expansive 18' x 80' trifold hangar doors and 12' x 14' RV door.
    (801) 864-1655
    We can help!
    Listing Contact
    Clint Kelson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2496 N AVIATOR Way, Spanish Fork, UT 84660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!