Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1156 Mustang Ln Delta, CO 81416

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1156 Mustang Ln Delta, CO 81416

    View on Map
    • Commercial real estate
    • 1,740 SF
    • 183.00 lot acres
    Off-Market
    Property ID
    US13-2172728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1156 Mustang Ln

    Lot size
    183.00 lot acres
    Property size
    1,740 SF
    Property type
    Commercial real estate
    APN
    345708301005

    Description

    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.

    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
    Delta
    County
    Delta
    State
    Colorado
    Longitude
    -108.1463528
    Latitude
    38.759653

    Comparable in this City

    • $464,000
      11,942 SF

      Historic Delta Mixed-Use Building

      Charming Downtown Delta Investment
      326 Main St, Delta, CO 81416
      View Details
    • $1,500,000
      13,376 SF

      Apartment Building in Delta, Colorado

      Sixteen-unit apartment building with ongoing upgrades in Delta, Colorado.
      511 Glen Way, Delta, CO 81416
      View Details
    • $750,000
      2,960 SF

      Delta Fourplex with USDA Restrictions

      Four-unit residential income property in Delta, Colorado, subject to USDA guidelines.
      775 Columbia St, Delta, CO 81416
      View Details
    • $2,000,000
      24,296 SF

      Delta Industrial Investment Opportunity

      High-yield industrial property, 24,296 sq ft.
      685 Highway 92, Delta, CO 81416
      View Details

    Similar Nearby for Sale

    • $464,000
      11,942 SF

      Historic Delta Mixed-Use Building

      Charming Downtown Delta Investment
      326 Main St, Delta, CO 81416
      View Details
    • $1,500,000
      13,376 SF

      Apartment Building in Delta, Colorado

      Sixteen-unit apartment building with ongoing upgrades in Delta, Colorado.
      511 Glen Way, Delta, CO 81416
      View Details
    • $750,000
      2,960 SF

      Delta Fourplex with USDA Restrictions

      Four-unit residential income property in Delta, Colorado, subject to USDA guidelines.
      775 Columbia St, Delta, CO 81416
      View Details
    • $2,000,000
      24,296 SF

      Delta Industrial Investment Opportunity

      High-yield industrial property, 24,296 sq ft.
      685 Highway 92, Delta, CO 81416
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Delta Industrial Warehouse and Office

      Industrial warehouse and office space available for lease in Delta.
      430 W 8Th St, Delta, CO 81416
      View Details
    • $1,900 /Mo
      2,250 SF

      Warehouse Space with High Ceilings

      Warehouse space featuring 16' ceilings and concrete floors.
      805 Columbia St, Delta, CO 81416
      View Details
    • $2,720 /Mo
      37,123 SF

      Retail and Shop Space Available

      Retail/display and shop space with truck well and roll-up door.
      1410 Valley View Dr, Delta, CO 81416
      View Details
    • Contact for pricing

      Highway 50 Shopping Center Space

      Retail space in high-traffic shopping center near Highway 50.
      230 N Palmer St, Delta, CO 81416
      View Details
    • $640 /Mo

      Office Suite Ready For Occupancy

      ADA accessible office suite with shared amenities for lease.
      300 Stafford Ln, Delta, CO 81416
      View Details
    • $6,256 /Mo
      3,980 SF

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru on high-visibility corner.
      101 N Main St, Delta, CO 81416
      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.
    1156 Mustang Ln
    Delta, CO 81416
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!