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    OFF-MARKET
    Airport retail

    6334 Monnett Rd, Climax, NC 27233

    Entity Owned 4-yr Hold
    Property ID
    US53-1305470
    Property summary
    AI-generated overview

    This exceptional 5,000 square foot hangar at Greensboro Executive Airport presents a unique investment opportunity. Ideal for aviation-related businesses, storage, or flight schools, this versatile space offers significant potential. The hangar features a large, adaptable interior area perfect for renovation into additional office space or a conference room. A prepared slab at the rear allows for expansion, such as adding a lean-to, increasing the facility's size and utility. Three-phase power is available, catering to high-energy equipment needs. The hangar boasts a nearly 60-foot stacking-sliding door, maximizing flexibility for aircraft. The airport itself is strategically located in the Piedmont Triad region, offering easy access to major business centers and leisure destinations. Operating under Pilot Controlled airspace ensures convenient access. Recently renovated Fixed Base Operator (FBO) facilities provide high-quality services. Hangar tenants enjoy waived landing fees, offering substantial cost savings. The exterior is scheduled for a fresh coat of paint, and updated high-quality photos will be available soon. This property offers a blend of functionality, location, and cost-effectiveness, making it an attractive proposition for a variety of aviation-related businesses. The property is situated within the Climax/Guilford County submarket cluster, encompassing Greensboro-High Point, Central North Carolina Triad Aviation Corridor, Guilford County, Alamance County, and Randolph County, and is easily accessible via US 421 Scenic Corridor. This location serves Greensboro, Liberty, Winston Salem, Asheboro, Siler City, Rockingham County, and Burlington, Lexington.

    Property profile
    Verified
    Property type Airport retail
    UPID US53-1305470
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    3a 4 LLC · 4 yrs held
    3a 4 LLC
    since 2022
    3 recorded transactions
    2022
    $874,500
    2022
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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