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    Aviation Hangar with Taxiway Access Title is generated by Realmo AI

    203 Industrial Way S, Bonners Ferry, ID 83805

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    Claim this Listing
    For Sale
    $559,000

    COMMERCIAL - Bonners Ferry, ID

    Property size:
    20,000 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $27/SF
    Added:
    Oct 28, 2025
    Days on Market:
    208
    Last Refresh:
    May 23 at 8:06 am

    Property Features for 203 Industrial Way S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    Storage, High Speed Internet
    Exterior features
    Lighting
    Basement
    None
    Standard status
    Active
    APN
    L
    Size
    20,000 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    BUILDING/HANGER @ AIRPORT HANGER L
    Tax Annual Amount
    3317

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Radiant, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1994
    Building materials
    Steel Siding, Steel Frame
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage, Airplane Hangar

    We can help!

    Listing Contact
    Lucas Webster

    Listing agent Lucas Webster License #SP29451

    Listing office Evergreen Realty 321 N 1st Ave, Sandpoint, ID

    Listing date Oct 28, 2025

    MLS# 25-10612

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct taxiway access at a regional airport, ideal for aviation businesses
    • Approximately 16,500 sq ft hangar with an additional 4,000 sq ft mezzanine space
    • New 16' x 70' Schweiss‑style bifold hangar door included
    • New steel siding and roofing, plus a complete insulation package (ready for installation)
    • Suitable for aircraft sales, maintenance, manufacturing, and parts fabrication
    • Secure gated entry with excellent visibility and access off Highway 2

    Overview

    This aviation hangar presents an exceptional opportunity for aircraft sales, maintenance, manufacturing, and parts fabrication. Strategically located at a regional airport with full taxiway access, the property is suited for aviation businesses seeking operational efficiency, scalability, and long-term value. The steel-constructed facility offers approximately 16,500 square feet on the main level slab, with an additional 4,000 square feet of lofted mezzanine space ideal for offices, light storage, or administrative use. Included in the sale is a new 16' x 70' Schweiss-style bifold hangar door, new steel siding and roofing, as well as a complete insulation package ready for installation, allowing the buyer to finish the building to their specific needs. The hangar is accessible via a secure gated entry directly off Highway 2, offering visibility and ease of access. The property is zoned commercial and situated on a 1.3-acre lot in Bonners Ferry, Idaho.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonners Ferry
    County
    Boundary
    State
    Idaho
    Longitude
    -116.651
    Latitude
    48.8159

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    FAQs

    What type of property is this?
    Aviation real estate - Versatile aviation hangar suitable for various aviation businesses.
    Where is this aviation real estate located?
    The property is located at 203 Industrial Way S Bonners Ferry, ID.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: Direct taxiway access at a regional airport, ideal for aviation businesses; Approximately 16,500 sq ft hangar with an additional 4,000 sq ft mezzanine space; New 16' x 70' Schweiss‑style bifold hangar door included
    (208) 255-8597
    We can help!
    Listing Contact
    Lucas Webster
    Real Estate License ID: SP29451
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    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.

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