Aircraft Hangar with
For Sale
$264,900
27474 HWY 84-PH #18, McGregor, TX 76657
CommercialSale, McGregor, TX
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$88.30
Days on Market47
Property Features for 27474 HWY 84-PH #18
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Subdivision
Bragg L Tract 18
Directions
Located just off of Hwy 84 going towards McGregor
Standard status
Active
APN
410288
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
BRAGG L Tract 18 IMP ONLY PH #18(Land Acct 139705)
Tax Annual Amount
2860
Legal Description
BRAGG L Tract 18 IMP ONLY PH #18(Land Acct 139705)
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Axio Real Estate LLC
(254) 776-8100
Listed By:
Elizabeth Bays · License #549775
(254) 405-0117
Added: Sep 1
Changed: Sep 28
Last Checked: Oct 17 at 1:06PM
MLS# 21371604
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2021 aircraft hangar at McGregor Executive Airport occupies an individually surveyed leased lot and includes a renewable 35-year land lease option. The aluminum-sided, metal-roof structure measures 50 feet by 60 feet and has a concrete floor, a 45-foot by 14-foot Hi-fold aircraft door, two side entry doors, and an 8-foot by 8-foot rear rollup door.
The facility includes an individual water meter, public sewer hookup, commercial-grade electrical outlets, 50,000-lumen LED ceiling lighting, two exterior LED floodlights, and a front hose bib. Rough plumbing is in place for a future bathroom with a shower, vanity, and toilet. A dedicated workshop supports aircraft repairs and modifications, while the location next to the runway provides direct airport access. Ample parking and access to shared airport facilities, including a fuel station, are also provided.
The facility includes an individual water meter, public sewer hookup, commercial-grade electrical outlets, 50,000-lumen LED ceiling lighting, two exterior LED floodlights, and a front hose bib. Rough plumbing is in place for a future bathroom with a shower, vanity, and toilet. A dedicated workshop supports aircraft repairs and modifications, while the location next to the runway provides direct airport access. Ample parking and access to shared airport facilities, including a fuel station, are also provided.
Key Highlights
- 50' x 60' aircraft hangar at McGregor Executive Airport
- 45' x 14' Hi‑fold aircraft door for aircraft entry and exit
- Individually surveyed leased lot with renewable 35‑year land lease option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,541
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,820
$370.8K
Cap Rate 7%
$264,871
$264.9K
Cap Rate 9%
$206,011
$206.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$23.3K $7.76/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$21.8K $7.27/SF
− OpEx
−$3.3K −$1.09/SF
NOI
$18.5K $6.18/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,820
Cap Rate 7%
$264,871
Cap Rate 9%
$206,011
Alternative Uses
Best Use
Warehouse
$264.9K
$231.8K – $309.0K
NOI $18,541 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.37M
$32.70M – $43.60M
NOI $2,616,087 @ 7.0% cap · market cap 987.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 76657, TX
11,444
Population
4,775
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
138.7 sq mi
ZIP Area
83
Density / Sq Mi
$100,160
Median Household Income
$44,526
Median Earnings
$1,228
Median Rent
$367,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Aviation real estate - Runway-adjacent aviation facility with utilities, aircraft access, and dedicated work space.
Where is this aviation real estate located?
The property is located at 27474 HWY 84-PH #18 McGregor, TX.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 50' x 60' aircraft hangar at McGregor Executive Airport; 45' x 14' Hi‑fold aircraft door for aircraft entry and exit; Individually surveyed leased lot with renewable 35‑year land lease option
