Airport Hangar and Office
For Sale
$3,225,806
4123 91st Avenue, Kenosha, WI 53144
Aircraft facility offering hangar space, offices, an apron area, and garage parking at Kenosha Regional Airport.
Property Size14,464 SF
Price / SF$162.35
Days on Market137
Property Features for 4123 91st Avenue
General Information
Standard status
Active
Size
14,464 SF
Property subtype
SpecialPurpose
Additional Details
Outdoor Storage
Yes
Warehouse Space
12,000 SF
Building Details
Year Built
2023
Building Size
14,464 SF
Listed By:
Katrin Gist
(206) 947-1399
Source:
Cbre
Added: Jun 2
Changed: Oct 15
Last Checked: Oct 16 at 7:22AM
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 Katrin Gist
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Investment Insights
Based on property information with market context.
Completed in 2023, this aviation facility combines an approximately 14,464 SF aircraft hangar and office building with an approximately 12,000 SF hangar bay. The improvements also include office space, a ramp/apron area, and garage parking, supporting aviation operations from a single property.
The facility is located at Kenosha Regional Airport in Kenosha, Wisconsin. Approval has been secured for a fuel farm, adding an approved aviation-support component to the property. The address is 4123 91st Avenue, Kenosha, WI 53144.
The facility is located at Kenosha Regional Airport in Kenosha, Wisconsin. Approval has been secured for a fuel farm, adding an approved aviation-support component to the property. The address is 4123 91st Avenue, Kenosha, WI 53144.
Key Highlights
- Approximately 14,464 SF aircraft hangar and office facility
- Approximately 12,000 SF hangar bay
- Completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,078
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,721,560
$2.7M
Cap Rate 7%
$1,943,971
$1.9M
Cap Rate 9%
$1,511,978
$1.5M
Market Conditions
NOI Build-Up for 19,870 SF
Gross rent
$238.4K $12.00/SF
− Vacancy
−$29.1K −$1.46/SF
EGI
$209.4K $10.54/SF
− OpEx
−$73.3K −$3.69/SF
NOI
$136.1K $6.85/SF
Area
Kenosha County, WI
Vacancy
12.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,721,560
Cap Rate 7%
$1,943,971
Cap Rate 9%
$1,511,978
Alternative Uses
Best Use
Industrial
$19.05M
$16.67M – $22.23M
NOI $1,333,562 @ 7.0% cap · market cap 41.34%
Second Best
Flex RnD
$1.94M
$1.70M – $2.27M
NOI $136,078 @ 7.0% cap · market cap 4.22%
Theoretical Best
Warehouse
$23.13M
$20.24M – $26.99M
NOI $1,619,325 @ 7.0% cap · market cap 50.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 53144, WI
26,702
Population
10,731
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
43.4 sq mi
ZIP Area
615
Density / Sq Mi
$71,111
Median Household Income
$42,017
Median Earnings
$1,136
Median Rent
$248,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Aviation real estate - Aircraft facility offering hangar space, offices, an apron area, and garage parking at Kenosha Regional Airport.
Where is this aviation real estate located?
The property is located at 4123 91st Avenue Kenosha, WI.
What is the asking price?
The asking price for this property is $3,225,806.
What are key features of this property?
This property features: Approximately 14,464 SF aircraft hangar and office facility; Approximately 12,000 SF hangar bay; Completed in 2023
