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Erie Aviation and Industrial Property

2865 Airport Dr Erie, CO 80516

2865 Airport Dr, Erie, CO, 80516

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For Sale

Contact for pricing

Aviation and industrial property with lease in place through 2035.

Property Size18,561 SF

Price / SF$231.67

AddedMay 26

Days on Market51

Last RefreshMay 27 at 7:43 am

Property Features for 2865 Airport Dr

General Information

Standard status: Active
Size: 18,561 SF
Property subtype: INDUSTRIAL

Listing office ALG Commercial

Listing date May 26, 2026

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 ALG Commercial

Investment Insights

Based on property information with market context.

This Weld County property features a main building of approximately 6,600 square feet, constructed in 1992, which includes a reception area, conference room, four offices, and a repair and assembling warehouse area. Additionally, there is a hangar of approximately 12,000 square feet, built in 2005, equipped with three 10' x 10' garage doors and one 60' x 18' hangar door. The property provides 18 parking spaces. Plumbing is managed by a septic system installed in 2005. The property is situated on a lot of 18,561 square feet. The current lease with Rocky Mountain Propeller extends through July 30, 2035, with a 3% annual escalation. The current net operating income (NOI) is $256,000.00, with a cap rate of 6%.

Key Highlights

High NOI: Current Net Operating Income of $256,000.00
Long‑Term Lease: Leased through 7/30/2035 to Rocky Mountain Propeller with 3% annual escalation.
Large Hangar: 12,000 SF hangar with one 60' x 18' door and three 10' x 10' garage doors (YOC 2005).

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$334.1k	$18.00
− Vacancy	−$12.7k	−$0.68
EGI	$321.4k	$17.32
− OpEx	−$48.2k	−$2.60
NOI	$273.2k	$14.72

18,561 SF · lease $18.00/SF/yr · vacancy 3.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$3.90M

$3.41M – $4.55M (±1% cap)

NOI $273,192 @ 7.0% cap · market cap 6.35%

Second Best

Industrial

$3.21M

$2.81M – $3.75M (±1% cap)

NOI $224,982 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$5.60M

$4.90M – $6.53M (±1% cap)

NOI $392,008 @ 7.0% cap · market cap 9.12%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rocky Mountain Propellers ... Factory

Suggested Use

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For sale
Aviation real estate
CO
Erie
80516
2865 Airport Dr

What type of property is this?

Aviation real estate - Aviation and industrial property with lease in place through 2035.

Where is this aviation real estate located?

The property is located at 2865 Airport Dr Erie, CO.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: High NOI: Current Net Operating Income of $256,000.00; Long‑Term Lease: Leased through 7/30/2035 to Rocky Mountain Propeller with 3% annual escalation.; Large Hangar: 12,000 SF hangar with one 60' x 18' door and three 10' x 10' garage doors (YOC 2005).