Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Hangar with Shop Area Title is generated by Realmo AI

    116 1st Ramp, Bainbridge, GA 39817

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    12,000 SF hangar with conditioned shop area, built 2009.

    Type:Special Purpose
    Property size:
    12,000 SF
    Added:
    Mar 5, 2024
    Days on Market:
    823
    Last Refresh:
    May 12 at 9:49 pm

    Property Features for 116 1st Ramp

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Jim Flock

    Listing agent Jim Flock License #GA 280296

    Listing office Flock Realty Group, LLC

    Listing date Mar 5, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Flock Realty Group, LLC

    HighLights

    • 12,000 SF Hangar Space - Ideal for aviation enthusiasts or businesses.
    • Features a 3,200 SF Conditioned Shop Area.
    • Built in 2009.
    • Suitable for MRO Facility.
    • Includes a 1/2 Bath.
    • Option to Purchase with Hangar #2.

    Overview

    Constructed in 2009, this 12,000 square foot hangar includes 3,200 square feet of conditioned shop area equipped with a half bath. The property is located in Bainbridge, GA. It may be suitable as a maintenance, repair, and overhaul (MRO) facility. Another hangar is available for purchase in conjunction with this one.
    Property Profile Location Intelligence

    Current Use by Public Records

    AG Flight Pilot ... Vocational School

    Suggested Use

    Big Box & Wholesale Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge
    County
    Decatur
    State
    Georgia
    Longitude
    -84.62901
    Latitude
    30.976974

    Nearby Similar for Sale

    • $635,000
      4,717 SF

      Versatile Commercial Property on 6.9 Acres

      Adaptable commercial building suitable for various uses in Bainbridge, GA.
      2222 Dothan Rd. (6.902 acres), Bainbridge, GA 39817
      View Details
    • $635,000
      4,717 SF

      Versatile Commercial Property on 6.9 Acres

      Adaptable commercial property suitable for various uses in Bainbridge, GA.
      2222 Dothan Rd. (6.902 acres), Bainbridge, GA 39817
      View Details
    • $135,000

      Bainbridge Industrial Facility For Sale

      40' X 100' industrial facility in Bainbridge, Georgia.
      739 Campbell St, Bainbridge, GA 39819
      View Details
    • $219,000
      1,260 SF

      Downtown Bainbridge Commercial Property

      Turnkey commercial property in the heart of downtown Bainbridge, Georgia.
      304 E Water Street, Bainbridge, GA 39817
      View Details
    • $136,000
      1,080 SF

      Equipped Commercial Property on Faceville Highway

      Spacious, fully-equipped commercial property, formerly a salon, ready for new owner.
      1035 Faceville Highway, Bainbridge, GA 39819
      View Details
    • $725,000
      4,590 SF

      Downtown Bainbridge Mixed-Use Investment

      Mixed-use property with commercial space and residential condo.
      200 S Broad Street, Bainbridge, GA 39817
      View Details
    • $195,000
      1,312 SF

      Renovated Commercial Building in Bainbridge

      Income-generating commercial building in downtown Bainbridge, GA with expansion potential.
      E 114 Clay Street, Bainbridge, GA 39819
      View Details
    • $280,000
      3,300 SF

      Versatile Bainbridge Property with Income

      Unique property in Bainbridge, GA, with multiple buildings and income potential.
      1019 Zorn Rd, Bainbridge, GA 39817
      View Details
    • $875,000

      Bainbridge Shopping Center For Sale

      Shopping center with leased anchor restaurant and rental units.
      1122 E Shotwell St., Bainbridge, GA 39819
      View Details
    • $625,000

      Downtown Historic Mixed-Use Building

      Historic downtown building with main-level retail space and an unfinished upper level ready for conversion.
      106 Broad St., Bainbridge, GA 39817
      View Details
    • $145,000
      1,285 SF

      Bainbridge Commercial Property For Sale

      Commercial property with Highway Commercial zoning in Bainbridge, Georgia.
      306 Boulevard Drive, Bainbridge, GA 39819
      View Details
    • $450,000
      4,320 SF

      Income-Generating Storage Facility with Airbnb

      Turnkey self-storage and Airbnb property in Bainbridge, Georgia.
      115 Spring Creek Road, Bainbridge, GA, USA, Bainbridge, GA 39817
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - 12,000 SF hangar with conditioned shop area, built 2009.
    Where is this aviation real estate located?
    The property is located at 116 1st Ramp Bainbridge, GA.
    What are key features of this property?
    This property features: 12,000 SF Hangar Space - Ideal for aviation enthusiasts or businesses.; Features a 3,200 SF Conditioned Shop Area.; Built in 2009.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Flock
    Real Estate License ID: GA 280296
    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.
    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

    Thank You for Inquiry
    116 1st Ramp, Bainbridge, GA 39817
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!