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    34090 Skwy Dr Warren, OR 97056

    • Specialty properties
    • 31,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 34090 Skwy Dr

    Property size
    31,500 SF
    Property type
    Specialty properties
    Property subtype
    Airport retail

    Description

    This exceptional opportunity presents a substantial 31,500-square-foot executive hangar at the Scappoose Airport in Oregon. Built in 2021, this single-story structure boasts a spacious, clear-span design ideal for various aviation uses. The hangar includes approximately 27,000 square feet of hangar space and approximately 4,500 square feet of office space, fully equipped with utilities including power, water, sewer, and telecom, along with fire protection. Situated on a lot ranging from 54,000 to 60,000 square feet, the property offers a large ramp area with potential for expansion. The property is zoned industrial with an airport overlay, requiring aviation-related uses. Benefit from a long-term land lease and the significant advantage of no property taxes at Scappoose Airport. This is a rare chance to acquire a brand-new, unused hangar in a thriving aviation community alongside established businesses such as Oregon Aero, Sport Copter, Overall Aircraft Services, Precision Composites, and US AeroClub. This property is offered for sale by owner.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Columbia
    State
    Oregon
    Longitude
    -122.865
    Latitude
    45.7713

    Comparable in this City

    • Value Estimation
      $415,000
      3,000 SF

      55501 Columbia Riv Hwy

      KENNEL • 3,000 SF
      55501 Columbia Riv Hwy, Scappoose, OR 97056-2404
      View Details
    • Value Estimation by Request
      0.67 Acres

      33511 Dutch Cyn Rd

      CHARITABLE ORGANIZATION • 0.67 Acres
      33511 Dutch Cyn Rd, Scappoose, OR 97056
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    • Value Estimation by Request
      0.18 Acres

      33281 Evergreen Way

      CHARITABLE ORGANIZATION • 0.18 Acres
      33281 Evergreen Way, Scappoose, OR 97056-3708
      View Details
    • Value Estimation
      $510,000
      0.23 Acres

      33894 Oak St

      CHARITABLE ORGANIZATION • 0.23 Acres
      33894 Oak St, Scappoose, OR 97056-3317
      View Details
    • Value Estimation by Request
      2.37 Acres

      51651 2nd St

      CHARITABLE ORGANIZATION • 2.37 Acres
      51651 2nd St, Scappoose, OR 97056-4523
      View Details
    • Value Estimation
      $385,000
      8,368 SF

      52517 Columbia Riv Hwy

      SHOPPING CENTER, STRIP CENTER • 8,368 SF
      52517 Columbia Riv Hwy, Scappoose, OR 97056
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      378.00 Acres

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    • $1,725,000
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      Level, rectangular site with completed environmental and geotechnical work.
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    • Contact for pricing

      Two Tax Lots Totaling .28 Acres

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    Similar Nearby for Lease

    • Contact for pricing
      2,232 SF

      Scappoose Retail Space For Lease

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    • Contact for pricing
      1,002 SF

      Retail/Office Space in Scappoose

      Located off Hwy 30, ideal for retail or office.
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    • Contact for pricing
      21,736 SF

      Prime Manufacturing Space Available

      East Columbia Ave Industrial Building
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    • Contact for pricing
      20,250 SF

      Scappoose Industrial Space For Rent

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    34090 Skwy Dr
    Warren, OR 97056
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    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.

    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
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