Insulated Aviation Hangar with
159 Industrial Park Dr Sevierville, TN 37862
159 Industrial Park Dr, Sevierville, TN, 37862
$799,000
For Sale
$799,000
Steel-framed, fully insulated hangar with a private office and a dedicated pilot lounge above.
Property Size3,900 SF
Price / SF$204.87
Days on Market44
Property Features for 159 Industrial Park Dr
General Information
- Standard status
- Active
- Size
- 3,900 SF
Listing agency
10 Realty LLC
(865) 216-8011
Listed by
Randy Bable
(865) 216-8011
Source
Exprealty
Added: Jun 9 Updated: Jul 22 at 11:02AM Checked: Jul 22 at 11:02AM
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 10 Realty LLC
Investment Insights
Based on property information with market context.
This custom-built, pilot-oriented aircraft hangar is steel framed and fully insulated throughout, including the walls, ceiling, and hangar door. It measures 60 feet wide by 50 feet deep and features a 50-foot-wide bi-fold door opening to 20 feet high, designed for convenient access for single-engine aircraft. A gas heater helps maintain year-round comfort, and ample power outlets are positioned around the perimeter.
The ground floor includes a private office with split-system HVAC, a large picture window overlooking the hangar space, plus a dedicated storage/work room and a full bathroom with shower and laundry connections. The hangar layout is sized to accommodate up to three single-engine aircraft while maintaining workspace and storage flexibility.
Above the hangar is an approximately 900-square-foot pilot’s lounge/apartment with recently added finishes and improvements. The living area includes a gourmet kitchen with a gas stove, butcher block island, polished countertops, and upgraded cabinetry.
The ground floor includes a private office with split-system HVAC, a large picture window overlooking the hangar space, plus a dedicated storage/work room and a full bathroom with shower and laundry connections. The hangar layout is sized to accommodate up to three single-engine aircraft while maintaining workspace and storage flexibility.
Above the hangar is an approximately 900-square-foot pilot’s lounge/apartment with recently added finishes and improvements. The living area includes a gourmet kitchen with a gas stove, butcher block island, polished countertops, and upgraded cabinetry.
Key Highlights
- Custom 60‑ft x 50‑ft hangar at Gatlinburg Pigeon Forge Airport (KGKT)
- 50‑ft‑wide bi‑fold door opening, 20‑ft high clearance for convenient aircraft access
- Steel‑framed and fully insulated walls, ceiling, and hangar door, with a gas heater
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $23.04 |
| − Vacancy | −$16.2k | −$4.15 |
| EGI | $73.7k | $18.89 |
| − OpEx | −$18.4k | −$4.72 |
| NOI | $55.3k | $14.17 |
3,900 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$789.4K
$690.8K – $921.0K
NOI $55,261 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,128 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
10 Realty
Real Estate Agency
Randy Bable, 10 ...
Real Estate Agency
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FAQs
What type of property is this?
Aviation real estate - Steel-framed, fully insulated hangar with a private office and a dedicated pilot lounge above.
Where is this aviation real estate located?
The property is located at 159 Industrial Park Dr Sevierville, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Custom 60‑ft x 50‑ft hangar at Gatlinburg Pigeon Forge Airport (KGKT); 50‑ft‑wide bi‑fold door opening, 20‑ft high clearance for convenient aircraft access; Steel‑framed and fully insulated walls, ceiling, and hangar door, with a gas heater
