Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    611 Aviation Way Cedar City, UT 84720
    Back to Search
    Property profile & analytics

    611 Aviation Way, Cedar City, UT 84720

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Swann Technologies / Industrial Manufacturer / Production Facility

    Property Details for 611 Aviation Way

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 2,057-square-foot flex space industrial building is ideally situated in Cedar City, Utah, at 611 Aviation Way, 84720. Its convenient location offers easy access to the Cedar City Airport and major freeways, ensuring seamless transportation and logistics. The property features a single-tenant occupancy layout, perfect for a business seeking a dedicated and efficient workspace. The building is divided into two levels: a 1,140-square-foot ground floor, which includes an office area, and a 917-square-foot upper level. This versatile design caters to a variety of operational needs, offering both office and warehouse/storage space. The property is classified as a flex space within the industrial property type, making it suitable for businesses requiring a blend of office and warehouse functionality. Located in Iron County, this building presents a unique opportunity for businesses seeking a strategic location with excellent accessibility. Lease rates start at $1.48 per square foot, triple net (NNN), with variations depending on the lease term. Interested parties are encouraged to inquire for detailed lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.105
    Latitude
    37.6887

    Comparable in this City

    • Value Estimation by Request
      215,400 SF

      2695 Ut-56

      Manufacturing properties
      2695 Ut-56, Cedar City, UT 84720
      View Details
    • Value Estimation by Request

      900 5300

      Land
      900 5300, Cedar City, UT 84720
      View Details
    • Value Estimation by Request

      5254 Ut-56

      Land
      5254 Ut-56, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      2.12 Acres

      Cedar City, UT 84720

      Land
      Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      215,400 SF

      2695 Ut-56

      Distribution properties
      2695 Ut-56, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      59.43 Acres

      15 Cedar Trl Rdo

      Land
      15 Cedar Trl Rdo, Cedar City, UT 84720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      New Industrial Buildings at Port

      New industrial buildings with fenced yard, delivery expected Q4 2025.
      Cedar City, UT 84720
      View Details
    • $2,900,000
      15,000 SF

      Commercial Property with Freeway Visibility

      High-traffic commercial lot with climate-controlled building, ready November 2025.
      3709 S 5650 W, Cedar City, UT 84720
      View Details
    • $325,000
      2.12 Acres

      Highway Frontage Industrial Lot

      2.12-Acre Industrial Lot in Cedar City, UT
      Cedar City, UT 84720
      View Details
    • Contact for pricing
      6,546 SF

      Main Street Retail and Warehouse

      Retail building with warehouse, expansion, and leasing opportunity.
      151 S Main St, Cedar City, UT 84720
      View Details
    • Contact for pricing
      215,400 SF

      Industrial Property with Rail Access

      Large industrial property featuring rail access and silo infrastructure.
      2695 Ut-56, Cedar City, UT 84720
      View Details
    • $3,459,000
      16,314 SF

      Cedar City Commercial Opportunity

      Commercial property for sale in Cedar City, Utah.
      39 S Main St, Cedar City, UT 84720
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      15,000 SF

      Cedar City Industrial Flex Space

      7,500 SF climate-controlled shop for lease in Cedar City.
      3709 S 5650 W, Cedar City, UT 84720
      View Details
    • $2.00 SF/Yr
      12,000 SF

      Prime Commercial Space in Cedar

      Versatile 3,311 SF commercial space in desirable location.
      444 S Main Unit St, Cedar City, UT 84720
      View Details
    • Contact for pricing
      12,632 SF

      Downtown Cedar City Office Space

      Prime downtown office space with Main Street view available for rent.
      91 N Main St, Cedar City, UT 84720
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 2,121 to 2,350 SqFt.
      2130 Highway 56 West, Cedar City, UT 84720
      View Details
    • $1,000 /Mo

      Commercial Land for Rent

      Fenced and graveled commercial land available for rent.
      940 South Main St, Cedar City, UT 84720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    611 Aviation Way
    Cedar City, UT 84720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    611 Aviation Way, Cedar City, UT, 84720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!