Aviation Hangar Condo with
1825 W Knudsen Dr Phoenix, AZ 85027
For Sale
Contact for pricing
Condo hangar includes a large bi-fold door and a 2-story finished office suite.
Property Size8,623 SF
Price / SF$463.88
Days on Market780
Property Features for 1825 W Knudsen Dr
General Information
- Standard status
- Active
- Size
- 8,623 SF
- Property subtype
- OFFICE
Listing Agency:
CBRE | Phoenix
(602) 735-5652
Listed By:
Bill Bayless · License #SA104262000
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Jul 25
Last Checked: Jul 25 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Phoenix
Investment Insights
Based on property information with market context.
This aviation hangar condo at Knudsen Corporate Center offers a large hangar space with a bi-fold door, plus a finished office suite. The hangar measures approximately 15,513 square feet and features a bi-fold door sized at 61'10" by 17'. There is also a 2-story finished office suite totaling approximately 3,110 square feet.
The property is presented as a condo within the hangar complex at Knudsen Corporate Center, providing an owner-occupied aviation facility configuration with dedicated office space.
Overall, the layout combines high-bay hangar functionality with an internal, finished two-story office area suitable for managing day-to-day operations from within the same facility.
The property is presented as a condo within the hangar complex at Knudsen Corporate Center, providing an owner-occupied aviation facility configuration with dedicated office space.
Overall, the layout combines high-bay hangar functionality with an internal, finished two-story office area suitable for managing day-to-day operations from within the same facility.
Key Highlights
- ±15,513 SF hangar condo at the Hangars at Knudsen Corporate Center
- Hangar features a large bi‑fold door (61'10" x ±17')
- Includes a ±3,110 SF 2‑story finished office suite
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.9k | $30.72 |
| − Vacancy | −$68.1k | −$7.90 |
| EGI | $196.8k | $22.82 |
| − OpEx | −$49.2k | −$5.71 |
| NOI | $147.6k | $17.12 |
8,623 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,615 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,839 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Benefit Solutions
Insurance Agency
Tribute Aviation Fuel ...
Gas Station
Biltmore Ventures
Financial Advisor
Airport Innovation
Logistics Company
Northwest Airpark
Freight Service
FAQs
What type of property is this?
Aviation real estate - Condo hangar includes a large bi-fold door and a 2-story finished office suite.
Where is this aviation real estate located?
The property is located at 1825 W Knudsen Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: ±15,513 SF hangar condo at the Hangars at Knudsen Corporate Center; Hangar features a large bi‑fold door (61'10" x ±17'); Includes a ±3,110 SF 2‑story finished office suite
