Aviation Hangar with
For Sale
$890,000
2402 W Aviation Way, Cedar City, UT 84721
Clear-span aircraft storage facility with runway access, finished office space, and room for equipment and workspace.
Property Size7,740 SF
Price / SF$114.99
Days on Market53
Property Features for 2402 W Aviation Way
General Information
Standard status
Active
Size
7,740 SF
Warehouse & Industrial
Clear Height
19 ft
Clear Span
Yes
Warehouse Space
5,120 SF
Office Build-Out
2,620 SF
Drive-In Doors
2
Building Details
Year Built
2008
Buildings
1
Building Size
7,740 SF
Listing Agency:
ERA Realty Center
Listed By:
Jennifer Davis · License #5458788-AB
(435) 586-9775
Source:
Utahluxuryhometeam
Added: Aug 25
Changed: Oct 2
Last Checked: Oct 15 at 2:49AM
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
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Investment Insights
Based on property information with market context.
Located at 2402 W Aviation Way in Cedar City, this aviation property combines finished office space with a substantial aircraft hangar. The building contains 7,740 square feet, including 2,620 square feet of finished offices and 5,120 square feet dedicated to hangar use. The clear-span hangar provides an open interior for aircraft, equipment, tools, and work areas.
The facility includes direct access to the runway and two overhead doors supporting different aircraft and equipment requirements. One door measures 18 feet by 14 feet, while the larger manual accordion door measures 60 feet by 18 feet. Hangar clearance includes a 19-foot eave height and a 26-foot ridgeline. Built in 2008, the property supports private aircraft storage, maintenance operations, and other aviation-related uses identified in the property information.
The facility includes direct access to the runway and two overhead doors supporting different aircraft and equipment requirements. One door measures 18 feet by 14 feet, while the larger manual accordion door measures 60 feet by 18 feet. Hangar clearance includes a 19-foot eave height and a 26-foot ridgeline. Built in 2008, the property supports private aircraft storage, maintenance operations, and other aviation-related uses identified in the property information.
Key Highlights
- 7,740‑square‑foot aviation property with 2,620 SF of finished office area
- 5,120 SF clear‑span hangar area
- 19‑foot eave height and 26‑foot ridgeline
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,994
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,880
$1.6M
Cap Rate 7%
$1,128,486
$1.1M
Cap Rate 9%
$877,711
$877.7K
Market Conditions
NOI Build-Up for 7,740 SF
Gross rent
$111.5K $14.40/SF
− Vacancy
−$6.1K −$0.79/SF
EGI
$105.3K $13.61/SF
− OpEx
−$26.3K −$3.40/SF
NOI
$79.0K $10.21/SF
Area
Iron County, UT
Vacancy
5.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,880
Cap Rate 7%
$1,128,486
Cap Rate 9%
$877,711
Alternative Uses
Best Use
Office B
$1.13M
$987.4K – $1.32M
NOI $78,994 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,652 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
178
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Aviation real estate - Clear-span aircraft storage facility with runway access, finished office space, and room for equipment and workspace.
Where is this aviation real estate located?
The property is located at 2402 W Aviation Way Cedar City, UT.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 7,740‑square‑foot aviation property with 2,620 SF of finished office area; 5,120 SF clear‑span hangar area; 19‑foot eave height and 26‑foot ridgeline
