Turnkey Aircraft Hangar in
163 Reagan Lane #4 & 5, Eatonville, WA 98328
Functional aircraft hangar with customizable space for aviation or distribution.
Property size:
2,228 SFLot size:
0.07 AcresPrice / SF:
$201/SF- Added:
- Mar 25, 2026
- Days on Market:
- 54
- Last Refresh:
- Mar 24 at 8:15 pm
Property Features for 163 Reagan Lane #4 & 5
General Information
- Standard status
- Active
- Size
- 2,228 SF
- Lot size
- 0.07 Acres
Building Details
- Year Built
- 2011
Listing agent JR POULSEN License #84023
Listing office BETTER PROPERTIES UP/FIRCREST (253) 503-7557
Listing date Mar 25, 2026
Source Corcoran
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 BETTER PROPERTIES UP/FIRCREST
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.
- Updated office and bathroom with room to add shower, washer/dryer hook‑ups.
- Equipped with Cat 5 wiring, powerful gas heating, fire suppression system, and an eight‑camera security system.
- Front and rear access suitable for aviation services, maintenance, or private business operations.
Overview
This turnkey aircraft hangar in Eatonville is designed for owner-users, offering 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, suitable for accommodating aircraft, equipment, and other business uses. The property features front and rear access, Cat 5 wiring, and gas heating. Adjacent customizable space is available for 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. It is suited for aviation services, maintenance operations, or a private base of business operations.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$350.6K
NOI $31,558 @ 9.00% cap · cautious / downside scenario
Moderate
$450.8K
NOI $31,558 @ 7.00% cap · market / base-case scenario
Aggressive
$631.2K
NOI $31,558 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $21.96 |
| − Vacancy | −$6.8k | −$3.07 |
| EGI | $42.1k | $18.89 |
| − OpEx | −$10.5k | −$4.72 |
| NOI | $31.6k | $14.16 |
2,228 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$450.8K
$394.5K – $526.0K
NOI $31,558 @ 7.0% cap · market cap 7.01%
Second Best
Warehouse
$388.7K
$340.1K – $453.5K
NOI $27,209 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$601.8K
$526.5K – $702.1K
NOI $42,123 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Aviation real estate
Map
- City
- Eatonville
- County
- Pierce
- State
- Washington
- Longitude
- -122.208
- Latitude
- 46.8687
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FAQs
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 #4 & 5 Eatonville, WA.
What is the asking price?
The asking price for this property is $450,000.
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.
