Property profile

1156 Mustang Ln Delta, CO 81416

OFF-MARKET
Mixed-use properties
Property ID
US13-2172728
1,740 SF 183 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: West Winds Airpark, a private residential airpark nestled at the foot of Colorado's Grand Mesa, near Delta. This remarkable property encompasses 183± acres, including a 1,740 sq ft, 3-bedroom, 2-bathroom residence with a detached garage/shop. A substantial 3,240 sq ft hangar features a second floor, a ¾ bath, and ample storage. The airpark boasts a 4,000± foot paved runway with an additional 800± feet of dirt runway, offering significant expansion potential. The property includes six ready-to-sell 1.7± acre lots in Phase I, providing immediate income generation. A recorded Planned Unit Development (PUD) with Phase I complete allows for future development of the remaining 165± acres. Located just 32 miles from Grand Junction and 22 miles from Montrose, West Winds Airpark enjoys Delta's mild climate and proximity to numerous outdoor recreational activities, including Black Canyon of the Gunnison National Park and the Gunnison River. The property's APN is 345708301005 and is zoned A1, B2, B3, and IR. Asking price is $2,995,000. This unique offering presents a compelling blend of residential living, aviation amenities, and significant development potential.

Property profile

Verified
Property type Mixed-use properties
Total area 1,740 SF
Lot 183 ac (7,971,480 SF)
UPID US13-2172728

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1156 Mustang Ln Delta, CO 81416
Delta metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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