Airplane Hangar Valuation and Appraisal Services

Valuation appraisals for commercial airport hangars and residential airstrip structures are often classified as personal property rather than real estate. An airplane hangar is typically located on rented property—similar to a
mobile home in a park. The hangar owner usually holds the title to the structure but not the land beneath it.

When an airplane hangar appraisal is performed for financing, insurance, purchase, sale, or taxation, the appraiser must evaluate far more than the building’s structural soundness. Critical questions include:

• Does the hangar have offices, lounges, or passenger facilities?
• Is there a grease trap for fuel and oil spillage (allowing for interior aircraft washing)?
• Is the electrical system up to code and designed for aircraft maintenance?
• Does the structure include storm doors, hurricane-rated roll-up doors, or dual-glazed windows?
• Are there skylights, LED lighting, sprinklers, and fire extinguishers installed?
• For large hangars, is there a foam fire suppression system as required?

Other valuable features include central air, a hot water heater, automatic ceiling vents, full baths with shower stalls, integrated tool storage, high-output electric heating, sealed and painted concrete flooring, and interior drywall.
Square footage, lot rent, ground lease length, parking access, and nearby transit are all important valuation factors.

Appraising the Value of an Airplane Hangar

Additional considerations also influence market value:

• Is the runway asphalt, and what is its condition?
• How close is the hangar to the tarmac or taxiway?
• Is it near a U.S. Customs Port of Entry?
• Are there multiple FBOs offering competitive fuel rates and full-service options?
• Is there a restaurant or pilot lounge nearby that enhances convenience and appeal?

Hangars located on private or residential airstrips are typically non–income-producing assets and must be evaluated differently. It is a valuable amenity to live within walking distance of your own hangar at an air park. A paved and lighted runway significantly increases desirability and appraised value.

The cost to prepare a professional valuation appraisal for an airplane hangar starts at $1,250.00 and includes all documentation required for financing, insurance, taxation, purchase or sale, and estate settlement.

Call (772) 359-4300 for additional information or to schedule your appraisal.

Service available in all 50 states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.