Aviation Hangar with Private
3-2590 Airport North Dr Vero Beach, FL 32960
3-2590 Airport North Dr, Vero Beach, FL, 32960
$1,325,000
For Sale
$1,325,000
End-of-runway hangar unit with private bathrooms, about 1,000 SF of office, and separately metered utilities.
Property Size4,975 SF
Price / SF$266.33
Days on Market72
Property Features for 3-2590 Airport North Dr
General Information
- Standard status
- Active
- Size
- 4,975 SF
Listing Agency
Proctor Kennedy Properties LLC
(772) 494-3366
Listed by
Kathryn Funnell Redner
(772) 494-3366
Source
Exprealty
Added: May 8 Checked: Jul 17 at 10:18 pm
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 Proctor Kennedy Properties LLC
Investment Insights
Based on property information with market context.
This aviation hangar offering at Vero Beach Regional Airport includes a newly constructed hangar unit with approximately 4,975 SF of hangar space and about 1,000 SF of office space. The unit features private bathrooms and separately metered utilities, supporting standalone operational use. Public remarks also note FAA-compliant use capability and potential SASO use.
The property is positioned at the end of the runway, designed to provide efficient access and enhanced privacy compared with typical airpark layouts. It is described as a secure location with hurricane-resistant construction.
As part of Hangar 11, the offering comprises one of three newly constructed premium units within the hangar facility.
The property is positioned at the end of the runway, designed to provide efficient access and enhanced privacy compared with typical airpark layouts. It is described as a secure location with hurricane-resistant construction.
As part of Hangar 11, the offering comprises one of three newly constructed premium units within the hangar facility.
Key Highlights
- Hangar 11 at Vero Beach Regional Airport with approximately 4,975 SF hangar space
- Includes about 1,000 SF of office space plus private bathrooms
- Separately metered utilities for the unit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $17.40 |
| − Vacancy | −$15.6k | −$3.13 |
| EGI | $71.0k | $14.27 |
| − OpEx | −$17.7k | −$3.57 |
| NOI | $53.2k | $10.70 |
4,975 SF · lease $17.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$760.5K
$665.5K – $887.3K
NOI $53,237 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$954.7K – $1.27M
NOI $76,373 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aviation real estate
Similar For Sale Nearby
FAQs
What type of property is this?
Aviation real estate - End-of-runway hangar unit with private bathrooms, about 1,000 SF of office, and separately metered utilities.
Where is this aviation real estate located?
The property is located at 3-2590 Airport North Dr Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Hangar 11 at Vero Beach Regional Airport with approximately 4,975 SF hangar space; Includes about 1,000 SF of office space plus private bathrooms; Separately metered utilities for the unit
