New Airport Hangar with
For Sale
$775,000
1615 Hangar B2 Airport Avenue, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size3,600 SF
Price / SF$215.28
Days on Market491
Property Features for 1615 Hangar B2 Airport Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
14
Parking features
Parking Lot
Lot features
City Lot, Interior Lot
Directions
Take 412 East to Powell Street. North on Powell Street. Hangar on right at corner of Airport Avenue and Powell Street.
Standard status
Active
APN
815-28754-100
Size
3,600 SF
Taxes and HOA fees
Tax Description
EXEMPT BUILDING ONLY (SITS ON 815-28754-000)
Legal Description
EXEMPT BUILDING ONLY (SITS ON 815-28754-000)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
kitchenette
bathroom
mezzanine lounge
backup generator
private parking lot
Building Details
Year built
2025
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
The Griffin Company Commercial Division-Springdale · Weichert
(479) 756-1003
Listed By:
Greg Taylor · License #EB00055642
(479) 283-2542
Added: Apr 17, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:06AM
MLS# 1304966
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This aviation property at Springdale Airport is a 3,600-square-foot hangar under construction, with completion scheduled for December 2026. The building measures 60' x 60' and provides 26' of interior height, supporting substantial aircraft storage and related aviation operations. Access is provided by a 20' x 50' Schweiss hydraulic door operated by remote controls.
Interior improvements include a kitchenette, bathroom, and mezzanine lounge. The hangar is designed with concrete flooring, high-bay LED lighting, numerous electrical outlets, and a back-up generator. Metal siding and a metal roof complete the building envelope, while natural gas heating, central air, electric cooling, public water, and public sewer are specified. A private parking lot is located south of the building.
Interior improvements include a kitchenette, bathroom, and mezzanine lounge. The hangar is designed with concrete flooring, high-bay LED lighting, numerous electrical outlets, and a back-up generator. Metal siding and a metal roof complete the building envelope, while natural gas heating, central air, electric cooling, public water, and public sewer are specified. A private parking lot is located south of the building.
Key Highlights
- 3,600‑square‑foot hangar at Springdale Airport
- 60' x 60' building with 26' height
- 20' x 50' Schweiss hydraulic door with remotes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,880
$440.9K
Cap Rate 7%
$314,914
$314.9K
Cap Rate 9%
$244,933
$244.9K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$28.9K $8.04/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$25.9K $7.20/SF
− OpEx
−$3.9K −$1.08/SF
NOI
$22.0K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,880
Cap Rate 7%
$314,914
Cap Rate 9%
$244,933
Alternative Uses
Best Use
Warehouse
$314.9K
$275.6K – $367.4K
NOI $22,044 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.3K
$845.5K – $1.13M
NOI $67,641 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Aviation real estate - Under-construction aviation facility with a hydraulic door, lounge, generator, building amenities, and a private parking lot.
Where is this aviation real estate located?
The property is located at 1615 Hangar B2 Airport Avenue Springdale, AR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,600‑square‑foot hangar at Springdale Airport; 60' x 60' building with 26' height; 20' x 50' Schweiss hydraulic door with remotes
