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    Available Industrial Building Near I-15 Title is generated by Realmo AI

    2284 Aviation Way, Cedar City, UT

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    7,098 SF industrial building with hangar doors, near I-15.

    Type:INDUSTRIAL
    Property size:
    7,098 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $139/SF
    Added:
    Jul 22, 2025
    Days on Market:
    328
    Last Refresh:
    May 20 at 9:34 pm

    Property Features for 2284 Aviation Way

    General Information

    Standard status
    Active
    Size
    7,098 SF
    Lot size
    0.24 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Don Enlow, SIOR
    Don Enlow, SIOR

    Listing agent Don Enlow, SIOR License #5451676-PB

    Listing office Colliers | Salt Lake City Millrock

    Listing date Jul 22, 2025

    Source Moodyscre

    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 Colliers | Salt Lake City Millrock

    HighLights

    • Building 2 (± 7,098 SF) AVAILABLE
    • Excellent access to I‑15
    • 56’ x 17’ Bi‑fold hangar doors
    • 18’ Clear height
    • 480 Volt / 3‑Phase power
    • I & M‑1 Zoning

    Overview

    This property features a 7,098 square foot industrial building. Each building includes an office and a small restroom. The property has 480 Volt / 3-Phase power and an 18-foot clear height. It is equipped with 56’ x 17’ bi-fold hangar doors. The zoning is I & M-1. The property offers excellent access to I-15. There have been many recent runway and terminal improvements.

    Local Financial Insights For Warehouse

    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 $79.2k $11.16
    − Vacancy −$1.1k −$0.16
    EGI $78.1k $11.00
    − OpEx −$11.7k −$1.65
    NOI $66.4k $9.35
    7,098 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $948.4K
    $829.9K – $1.11M (±1% cap)
    NOI $66,389 @ 7.0% cap · market cap 6.71%
    Second Best
    Industrial
    $781.0K
    $683.4K – $911.2K (±1% cap)
    NOI $54,673 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,474 @ 7.0% cap · market cap 10.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Estate Storage — 2142 W 850 N #102, Cedar City, UT 84721
    • Epic Storage Units — 2142 W 850 N Ste 101, Cedar City, UT 84721
    • Airspace Storage — 881 Aviation Way, Cedar City, UT 84721
    • Aviation Storage — 499 Aviation Way, Cedar City, UT 84721
    • Bulloch Outdoor Self Storage — 2476 W 1600 N, Cedar City, UT 84721

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.093
    Latitude
    37.6973

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    FAQs

    What type of property is this?
    Warehouse - 7,098 SF industrial building with hangar doors, near I-15.
    Where is this warehouse located?
    The property is located at 2284 Aviation Way Cedar City, UT.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Building 2 (± 7,098 SF) AVAILABLE; Excellent access to I‑15; 56’ x 17’ Bi‑fold hangar doors
    (801) 947-8300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Don Enlow, SIOR
    Don Enlow, SIOR
    Real Estate License ID: 5451676-PB
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