Listing Agency: Dean Callan & Company Show Phone

Listed By: Christian Smith · License #COLORADO100054055 Show Phone

Source: Moodyscre

Added: Feb 25 Changed: Oct 25 Last Checked: Oct 26 at 6:51PM

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Investment Insights

Based on property information with market context.

This condo warehouse hangar unit is configured for both aircraft and industrial use, featuring two large drive-in overhead doors with a removable center post for flexible vehicle access. The ground floor includes a reception or showroom area with a modern kitchen and a restroom with shower. A separate mezzanine level provides additional space that can serve multiple operational needs, supported by radiant heating throughout. The interior is fully drywalled and heated for year-round comfort.

The property is located at Erie Municipal Airport at 3000 Airport Drive, Unit 404. It is positioned for convenient regional connectivity with proximity to US-287, I-25, and Northwest Parkway.

For prospective users, the overall layout combines vehicle access, a front-facing reception/showroom component, and an upper mezzanine area, supported by in-unit comfort systems and a flexible drive setup designed for larger equipment.

Key Highlights

• 6,250 SF condo warehouse hangar unit at Erie Municipal Airport, 3000 Airport Drive, Unit 404, Erie, CO 80516
• Two massive drive‑in overhead doors, including a removable center post for parking aircraft and loading oversized items
• 1,250 SF ground‑floor reception/showroom area with a modern kitchen and a restroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,718

Cap Rate

4.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,360 $1.4M

Cap Rate 7%

$995,971 $996.0K

Cap Rate 9%

$774,644 $774.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,250 SF

Gross rent

$89.3K $14.28/SF

− Vacancy

−$7.2K −$1.16/SF

EGI

$82.0K $13.12/SF

− OpEx

−$12.3K −$1.97/SF

NOI

$69.7K $11.15/SF

Area

Weld County, CO

Vacancy

8.10%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,360

Cap Rate 7%

$995,971

Cap Rate 9%

$774,644

Alternative Uses

Best Use

Warehouse

$996.0K

$871.5K – $1.16M (±1% cap)

NOI $69,718 @ 7.0% cap · market cap 4.65%

Second Best

Industrial

$796.1K

$696.6K – $928.8K (±1% cap)

NOI $55,726 @ 7.0% cap · market cap 3.72%

Theoretical Best

Office B

$1.14M

$996.7K – $1.33M (±1% cap)

NOI $79,734 @ 7.0% cap · market cap 5.32%

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

Centripetal Fitness and Nutrition Gym & Fitness Center Nuf Said Marketing & Advertising Gemini Extraction & Refinement Production Facility Nassar Development Construction Company Magnus Anderson - Hardwood ... General Contractor

Suggested Use

Top Pick Dental Office Restaurant Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Explore this area Business Placement

Demographics for 80516, CO

34,376

Population

13,163

Households

2.6

Avg Household Size

37

Median Age

64%

College-Educated

97%

High-School Grad

40.5 sq mi

ZIP Area

849

Density / Sq Mi

$160,590

Median Household Income

$75,277

Median Earnings

$2,718

Median Rent

$683,600

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 - Condo warehouse hangar unit with two drive-in overhead doors, reception/showroom space, and a mezzanine.

Where is this aviation real estate 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: 6,250 SF condo warehouse hangar unit at Erie Municipal Airport, 3000 Airport Drive, Unit 404, Erie, CO 80516; Two massive drive‑in overhead doors, including a removable center post for parking aircraft and loading oversized items; 1,250 SF ground‑floor reception/showroom area with a modern kitchen and a restroom with shower