Industrial Space Near Erie
For Sale
Contact for pricing
3000 Airport Drive, Erie, CO
6,250 SF industrial space with airport access.
Property Size6,250 SF
Lot Size0.11 Acres
Price / SF$240
Days on Market261
Property Features for 3000 Airport Drive
General Information
Standard status
Active
Size
6,250 SF
Lot size
0.11 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 3000 Airport Drive Contact us- Size
- 6,250 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Industrial-Manufacturing-Flex Space
The unit is comprised of 6,250 square feet on two levels currently operating as a...
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Listing Agency:
John Propp Commercial Group
(303) 692-1816
Listed By:
John V. Propp, CCIM
(303) 692-1816
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:57AM
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 John Propp Commercial Group
Investment Insights
Based on property information with market context.
This 6,250 square foot unit, spread across two levels, is currently configured for precision metal product manufacturing. The property is situated adjacent to the Erie Airport within a master-planned business park. The park encompasses 61,250 square feet and is zoned for light industrial, flex, or airport-related uses. A private taxiway provides all units with direct access to Erie Municipal Airport.
Key Highlights
- Direct airport access via private taxiway.
- 6,250 square feet of space suitable for manufacturing.
- Located adjacent to Erie Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,562,920
$1.6M
Cap Rate 7%
$1,116,371
$1.1M
Cap Rate 9%
$868,289
$868.3K
Market Conditions
NOI Build-Up for 6,250 SF
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.
Gross rent
$131.3K $21.00/SF
− Vacancy
−$11.0K −$1.76/SF
EGI
$120.2K $19.24/SF
− OpEx
−$42.1K −$6.73/SF
NOI
$78.1K $12.50/SF
Area
Boulder County, CO
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,562,920
Cap Rate 7%
$1,116,371
Cap Rate 9%
$868,289
Alternative Uses
Best Use
Flex RnD
$1.12M
$976.8K – $1.30M
NOI $78,146 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$1.08M
$947.0K – $1.26M
NOI $75,758 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,000 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 6,250 SF industrial space with airport access.
Where is this manufacturing property located?
The property is located at 3000 Airport Drive Erie, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Direct airport access via private taxiway.; 6,250 square feet of space suitable for manufacturing.; Located adjacent to Erie Airport.
