37900 Cessna Way Watkins, CO 80137
This exceptional 10,000-square-foot aviation hangar, located at 37900 Cessna Way in Watkins, Colorado (zip code 80137), presents a unique investment opportunity. Situated at the Colorado Air & Space Port, this single-story, 2006-built warehouse boasts a 30-foot ceiling height, making it ideal for aircraft storage and maintenance. The property features a substantial 90-foot hangar door (with four motors), a 14-foot drive-in door, and a large floor drain for efficient drainage. Additional amenities include a restroom, shop sink, and spigot. The building is currently vacant and available for immediate occupancy under a NNN lease. The property is zoned AV and sits on land classified as Industrial. Estimated monthly expenses, including land lease, taxes, insurance, and utilities, are approximately $2,000. The asking price for this exceptional property is $1,500,000, representing a price per square foot of $150. Infrared tube heating is installed for climate control. This is a rare opportunity to acquire a well-equipped aviation hangar in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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