Two-Overhead-Door Aircraft
2360 W AVIATION WAY #5 Cedar City, UT 84721
2360 W AVIATION WAY #5, Cedar City, UT, 84721
$453,000
For Sale
$453,000
Well-maintained hangar with clear-span hangar space, two overhead doors, and office space on two levels.
Property Size3,841 SF
Price / SF$117.94
Days on Market133
Property Features for 2360 W AVIATION WAY #5
General Information
- Standard status
- Active
- Size
- 3,841 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2003
Listing Agency
ERA Realty Center
(435) 590-1317
Listed by
Jennifer Davis · License #5458788-AB
(435) 590-1317
Source
Xome
Added: Mar 11 Updated: Jul 19 at 1:52 am Checked: Jul 20 at 1:46 am
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 ERA Realty Center
Investment Insights
Based on property information with market context.
This well-maintained airplane hangar includes a clear-span hangar area with 14.5-foot eave height and a 16.5-foot ridgeline. The property is organized with 814 square feet of finished office area and 3,027 square feet of hangar area across two levels. The main floor features two offices and two restrooms, while the second floor includes two offices and a storage area. Hangar access is provided by two overhead doors, including one 12’x12’ door and one 46.5’x15.5’ door.
The property is located at 2360 W Aviation Way #5 in Cedar City, Utah, and is described as having easy runway access for aircraft operations.
Additional financial terms noted include a city land lease rate of $3,009 annually.
The property is located at 2360 W Aviation Way #5 in Cedar City, Utah, and is described as having easy runway access for aircraft operations.
Additional financial terms noted include a city land lease rate of $3,009 annually.
Key Highlights
- Well‑maintained airplane hangar built in 2003 with 3,027 SF of hangar area and 814 SF finished office area
- Clear‑span hangar area with 14.5 ft eave height and 16.5 ft ridgeline for flexible aircraft storage
- Two overhead doors: 12' x 12' and 46.5' x 15.5'
Local 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 | $55.3k | $14.40 |
| − Vacancy | −$3.0k | −$0.79 |
| EGI | $52.3k | $13.61 |
| − OpEx | −$13.1k | −$3.40 |
| NOI | $39.2k | $10.21 |
3,841 SF · lease $14.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$560.0K
$490.0K – $653.4K
NOI $39,201 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aviation real estate
Similar For Sale Nearby
FAQs
What type of property is this?
Aviation real estate - Well-maintained hangar with clear-span hangar space, two overhead doors, and office space on two levels.
Where is this aviation real estate located?
The property is located at 2360 W AVIATION WAY #5 Cedar City, UT.
What is the asking price?
The asking price for this property is $453,000.
What are key features of this property?
This property features: Well‑maintained airplane hangar built in 2003 with 3,027 SF of hangar area and 814 SF finished office area; Clear‑span hangar area with 14.5 ft eave height and 16.5 ft ridgeline for flexible aircraft storage; Two overhead doors: 12' x 12' and 46.5' x 15.5'
