Turnkey Aircraft Hangar in
For Sale
$200,000
163 Reagan Lane #0, Eatonville, WA 98328
Functional aircraft hangar with customizable space for aviation or distribution.
Property Size2,505 SF
Price / SF$79.84
Days on Market203
Property Features for 163 Reagan Lane #0
General Information
Standard status
Active
Size
2,505 SF
Property subtype
Unimproved Land
Amenities
Electricity Available, Natural Gas Available
Listed By:
Apryl Tolstoy · License #120819
(425) 941-6248
Source:
Kw
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 14 at 10:10PM
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 Apryl Tolstoy
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Investment Insights
Based on property information with market context.
This turnkey aircraft hangar in Eatonville is designed for aviation or distribution/trade businesses. The property offers a blend of workspace, storage, and operational efficiency. The hangar provides approximately 40.5’ X 55’ of clear-span space, complemented by a 13’ X 42.5’ powered hangar door. It is suited for accommodating a variety of aircraft, equipment, and other business uses. With front and rear access, Cat 5 wiring, and gas heating, the space is well-suited for aviation services, maintenance operations, or a private base of business operations. The property includes adjacent customizable space, office space and client reception, workshop expansion, or additional storage. Existing improvements include an updated office and bathroom, multiple flat-screen TVs, upgraded LED lighting, gas heating, a fire suppression system, and an eight-camera security system. The restroom has room to add a shower, with washer/dryer hook-ups already installed. The property size is 2505 square feet.
Key Highlights
- Turnkey aircraft hangar designed for owner‑user with workspace, storage, and operational efficiency.
- Approximately 40.5’ X 55’ of clear‑span hangar space with a 13’ X 42.5’ powered hangar door.**
- Customizable adjacent space for office, client reception, workshop expansion, or additional storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,676
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,520
$293.5K
Cap Rate 7%
$209,657
$209.7K
Cap Rate 9%
$163,067
$163.1K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$24.6K $9.84/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$22.6K $9.01/SF
− OpEx
−$7.9K −$3.15/SF
NOI
$14.7K $5.86/SF
Area
Pierce County, WA
Vacancy
8.40%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,520
Cap Rate 7%
$209,657
Cap Rate 9%
$163,067
Alternative Uses
Best Use
Industrial
$359.9K
$314.9K – $419.9K
NOI $25,194 @ 7.0% cap · market cap 12.60%
Second Best
Flex RnD
$209.7K
$183.5K – $244.6K
NOI $14,676 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$676.6K
$592.0K – $789.3K
NOI $47,360 @ 7.0% cap · market cap 23.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 98328, WA
10,727
Population
4,309
Households
2.5
Avg Household Size
43
Median Age
19%
College-Educated
91%
High-School Grad
229.1 sq mi
ZIP Area
47
Density / Sq Mi
$113,902
Median Household Income
$56,050
Median Earnings
$1,211
Median Rent
$538,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Aviation real estate - Functional aircraft hangar with customizable space for aviation or distribution.
Where is this aviation real estate located?
The property is located at 163 Reagan Lane #0 Eatonville, WA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Turnkey aircraft hangar designed for owner‑user with workspace, storage, and operational efficiency.; Approximately 40.5’ X 55’ of clear‑span hangar space with a 13’ X 42.5’ powered hangar door.**; Customizable adjacent space for office, client reception, workshop expansion, or additional storage.
