Airplane Hangar Near Ferndale
For Sale
$360,000
315 Ferndale Drive Unit Lot 20, Bigfork, MT 59911
Airplane Hangar for Sale Montana
Property Size2,800 SF
Lot Size0.14 Acres
Price / SF$128.57
Days on Market464
Property Features for 315 Ferndale Drive Unit Lot 20
General Information
Standard status
Active
Property type
Airplane hangars, Industrial properties
Size
2,800 SF
Lot size
0.14 Acres
Building Details
Year Built
2006
Listed By:
coryrichmond15
(406) 249-2537
Added: Jul 20, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
This property features a 50-foot by 56-foot insulated airplane hangar situated on 0.138 acres within the Bolstad Hangars subdivision, offering access to Ferndale Airfield (FAA LID: 53U). Ferndale Airfield is a public use airport in Flathead County, Montana, owned by the Flathead Municipal Airport Authority. It is located approximately three nautical miles northeast of Bigfork. The airfield spans 35 acres at an elevation of 3,072 feet above mean sea level. The lot is intended for airplane hangars and incidental storage, as per the CC&Rs. The property has one runway designated 15/33 with a turf surface measuring 3,500 by 95 feet. A 37.5-foot access easement in front of each lot is designated for airplane access. Bigfork, Montana, is located where the Swan River merges into Flathead Lake. The population is around 5,100 residents as of 2020.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,846
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,920
$336.9K
Cap Rate 7%
$240,657
$240.7K
Cap Rate 9%
$187,178
$187.2K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$25.2K $9.00/SF
− Vacancy
−$1.1K −$0.41/SF
EGI
$24.1K $8.59/SF
− OpEx
−$7.2K −$2.58/SF
NOI
$16.8K $6.02/SF
Area
Flathead County, MT
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,920
Cap Rate 7%
$240,657
Cap Rate 9%
$187,178
Alternative Uses
Best Use
Industrial
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.2K
$547.0K – $729.4K
NOI $43,761 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Airplane hangar - Airplane Hangar for Sale Montana
Where is this airplane hangar located?
The property is located at 315 Ferndale Drive Unit Lot 20 Bigfork, MT.
What is the asking price?
The asking price for this property is $360,000.
