2390 W AVIATION WAY #3, Cedar City, UT 84721

Building Details

Year built 2007 More

Floors in Building 1 More

Listing Agency: ERA Realty Center Show Phone

Listed By: Jennifer Davis · License #5458788-AB Show Phone

Added: Mar 13 Changed: Oct 2 Last Checked: Nov 9 at 3:06AM

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MLS# 26-270196

Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 7,844-square-foot aviation facility, built in 2007, combines finished office space with a dedicated aircraft hangar. The 1,364-square-foot office component includes eight private offices, a workroom, reception area, and restrooms. The 6,480-square-foot hangar provides an unobstructed interior, with a 12-foot eave height and a 17-foot ridgeline. Two overhead doors support aircraft and equipment access, including a 14' x 12' door and a 60' x 15.5' electric bi-fold door.

Located at 2390 W Aviation Way #3 in Cedar City, Utah, the property offers runway access and a 0.27-acre site. The facility is suited to aircraft storage, maintenance, hobby use, or aviation-related business operations, subject to applicable requirements.

Key Highlights

• 7,844 square feet total, including 1,364 square feet of finished office area
• 6,480‑square‑foot clear‑span hangar with 12‑foot eave height and 17‑foot ridgeline
• Office component includes eight private offices, a workroom, reception area, and restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,419

Cap Rate

7.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,208,380 $1.2M

Cap Rate 7%

$863,129 $863.1K

Cap Rate 9%

$671,322 $671.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,844 SF

Gross rent

$87.5K $11.16/SF

− Vacancy

−$1.2K −$0.16/SF

EGI

$86.3K $11.00/SF

− OpEx

−$25.9K −$3.30/SF

NOI

$60.4K $7.70/SF

Area

Iron County, UT

Vacancy

1.40%

Lease Rate

$11.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,208,380

Cap Rate 7%

$863,129

Cap Rate 9%

$671,322

Alternative Uses

Best Use

Warehouse

$1.05M

$917.1K – $1.22M (±1% cap)

NOI $73,366 @ 7.0% cap · market cap 9.35%

Second Best

Industrial

$863.1K

$755.2K – $1.01M (±1% cap)

NOI $60,419 @ 7.0% cap · market cap 7.70%

Theoretical Best

Office A

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,139 @ 7.0% cap · market cap 14.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Aviation real estate

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Locksmith Carpet & Flooring Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

128

Businesses Nearby

Explore this area Business Placement

Demographics for 84721, UT

27,329

Population

9,638

Households

2.8

Avg Household Size

29

Median Age

29%

College-Educated

92%

High-School Grad

186.9 sq mi

ZIP Area

146

Density / Sq Mi

$73,342

Median Household Income

$30,662

Median Earnings

$1,076

Median Rent

$345,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Aviation real estate - Aviation facility combining private offices, support rooms, and clear-span aircraft storage with direct runway access.

Where is this aviation real estate located?

The property is located at 2390 W AVIATION WAY #3 Cedar City, UT.

What is the asking price?

The asking price for this property is $785,000.

What are key features of this property?

This property features: 7,844 square feet total, including 1,364 square feet of finished office area; 6,480‑square‑foot clear‑span hangar with 12‑foot eave height and 17‑foot ridgeline; Office component includes eight private offices, a workroom, reception area, and restrooms