Erie Aviation and Industrial
2865 Airport Dr, Erie, CO 80516
New
Call to check price and availability
Aviation and industrial property with lease in place through 2035.
Type:INDUSTRIAL
Property size:
18,561 SFPrice / SF:
$231/SF- Added:
- May 26, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 7:43 am
Property Features for 2865 Airport Dr
General Information
- Standard status
- Active
- Size
- 18,561 SF
- Property subtype
- INDUSTRIAL
Listing agent Danchen Astle (303) 332-5955
Listing office ALG Commercial (303) 332-5955
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
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).
- 6% capitalization rate.
- Main Building: Approximately 6,600 SF main building with office and warehouse space (YOC 1992).
- 18 parking spaces available.
Overview
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%.
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 | $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
NOI $273,192 @ 7.0% cap · market cap 6.35%
Second Best
Industrial
$3.21M
$2.81M – $3.75M
NOI $224,982 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$5.60M
$4.90M – $6.53M
NOI $392,008 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Rocky Mountain Propellers ...
Factory
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Boulder
- State
- Colorado
- Longitude
- -105.0515475
- Latitude
- 40.0071324
Nearby Similar for Sale
FAQs
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).
