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    Aviation Property with Hangars Title is generated by Realmo AI

    48 Aviation Boulevard, Cleveland, GA 30528

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    Claim this Listing
    For Sale
    $499,000

    COMMERCIAL - Cleveland, GA

    Property size:
    7,200 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $69/SF
    Added:
    May 12, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 48 Aviation Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    062 208
    Size
    7,200 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    934

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central, Heat Pump (Heating), Forced Air
    Cooling system
    Electric, Central Air
    Water source
    Private

    Building Details

    Year built
    1988
    Flooring type
    Concrete, Vinyl, Carpet
    Building materials
    Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Mel Ballard

    Listing agent Mel Ballard License #394701

    Listing office The Norton Agency 855 Washington St., Clarkesville, GA

    Listing date May 12, 2026

    MLS# 10766270

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1‑acre property at Mountain Air Park with direct access to a 2,500‑foot grass runway
    • 7,200 SF building with approximately 5,000 SF of open air‑conditioned living space
    • Two spacious aircraft hangars with capacity for up to four planes and direct runway access
    • Built in 1988; metal roof and steel siding
    • Utilities include cable available; water from private supply and septic tank
    • Heating options include central, heat pump, forced air, and electric; cooling includes central air

    Overview

    This offering features a 7,200-square-foot building on approximately 1.05 acres within Mountain Air Park, with about 5,000 square feet of open air-conditioned living space designed for flexible full-time or retreat-style use. The property is structured around aviation functionality, combining substantial interior room for entertaining and relaxing with outdoor aircraft accommodations. Two spacious aircraft hangars provide storage and convenient runway access, with capacity for up to four planes.

    The location provides direct connectivity to a 2,500-foot grass runway, supporting a true fly-in lifestyle. Positioned in the Mountain Air Park community, the property is set up for privacy and mountain-focused living, with convenient proximity to Cleveland and Helen and to North Georgia recreational attractions.

    For pilots and aviation-oriented owners, this property offers a ready-to-use setting for private fly-in living and aircraft storage. For investors, the aviation-focused configuration supports multiple leasing and operating approaches, leveraging both the hangar capacity and the substantial, adaptable interior space.
    Property Profile Location Intelligence

    Current Use by Public Records

    R & R Crumley ... General Contractor

    Map

    City
    Cleveland
    County
    White
    State
    Georgia
    Longitude
    -83.713098
    Latitude
    34.56559

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    FAQs

    What type of property is this?
    Aviation real estate - Fly-in oriented aviation retreat with direct access to a grass runway and two hangars for up to four aircraft.
    Where is this aviation real estate located?
    The property is located at 48 Aviation Boulevard Cleveland, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 1‑acre property at Mountain Air Park with direct access to a 2,500‑foot grass runway; 7,200 SF building with approximately 5,000 SF of open air‑conditioned living space; Two spacious aircraft hangars with capacity for up to four planes and direct runway access
    (813) 310-9135
    We can help!
    Listing Contact
    Mel Ballard
    Real Estate License ID: 394701
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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.

    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.

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