Airplane Hangar with Runway
For Sale
$1,500,000
7125 Parks Lane, Fort Lupton, CO 80621
Double-sided airplane hangar with runway access on 4.48 acres.
Property Size9,600 SF
Lot Size4.48 Acres
Price / SF$156.25
Days on Market199
Property Features for 7125 Parks Lane
General Information
Standard status
Active
Size
9,600 SF
Lot size
4.48 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,680
Building Details
Year Built
2004
Listing Agency:
JPAR MODERN REAL ESTATE
(303) 433-3158
Listed By:
JEREMY RASKIN · License #100050494
Source:
Corcoran
Added: Feb 3
Changed: Aug 19
Last Checked: Aug 20 at 5:59AM
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 JPAR MODERN REAL ESTATE
Investment Insights
Based on property information with market context.
The property at 7125 Parks Lane features a double-sided airplane hangar. It is located at Platte Valley Airpark and includes runway access. The hangar provides 9,600 square feet of space, with two 4,800-square-foot sides. An additional 2,000 square feet of storage and office space is available in a breezeway connecting the two hangar/warehouse buildings. The site encompasses 4.48 acres of commercial land, offering room for further development. The location is near the future Bandimere Facility and is situated 5 minutes from the I-76 Hudson exit.
Key Highlights
- Runway access at Platte Valley Airpark.
- 9,600 SF of hangar/warehouse space plus 2,000 SF of storage/office space.
- Located on 4.48 acres of commercial land with room to develop.
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
$107,086
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
7.14%
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%
$2,141,720
$2.1M
Cap Rate 7%
$1,529,800
$1.5M
Cap Rate 9%
$1,189,844
$1.2M
Market Conditions
NOI Build-Up for 9,600 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
$137.1K $14.28/SF
− Vacancy
−$11.1K −$1.16/SF
EGI
$126.0K $13.12/SF
− OpEx
−$18.9K −$1.97/SF
NOI
$107.1K $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 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%
$2,141,720
Cap Rate 7%
$1,529,800
Cap Rate 9%
$1,189,844
Alternative Uses
Best Use
Warehouse
$1.53M
$1.34M – $1.78M
NOI $107,086 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,595 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office B
$1.75M
$1.53M – $2.04M
NOI $122,472 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80621, CO
13,343
Population
5,110
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
126.6 sq mi
ZIP Area
105
Density / Sq Mi
$80,746
Median Household Income
$41,677
Median Earnings
$1,389
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Double-sided airplane hangar with runway access on 4.48 acres.
Where is this aviation real estate located?
The property is located at 7125 Parks Lane Fort Lupton, 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: Runway access at Platte Valley Airpark.; 9,600 SF of hangar/warehouse space plus **2,000 SF of storage/office space.**; Located on **4.48 acres of commercial land** with room to develop.
