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    50511 HWY 112 Ashland, WI 54806

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    New
    For Sale
    $85,000

    COMMERCIAL - Ashland, WI

    Property size:
    1,554 SF
    Price / SF:
    $54/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 50511 HWY 112

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,554 SF

    Taxes and HOA fees

    Tax Description
    18-47N-04W Part of Section 18 Town of Gingles annexed to City of Ashland for Airport Use, Row 2 Hangar 4

    Utilities

    Heating system
    Propane (Heating), Space Heater

    Building Details

    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame, MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    KEVIN ONCHUCK

    Listing agent KEVIN ONCHUCK License #113696 - 94

    Listing office BIRCHLAND REALTY, INC. - PHILLIPS 104 N Lake Ave, Phillips, WI

    Listing date May 7, 2026

    MLS# 216911

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,554 sqft plane hangar at JFK Memorial Airport (ASX) in Ashland, Wisconsin
    • Access to two asphalt runways: 5,197 ft x 100 ft and 3,498 ft x 75 ft
    • Features a 40x12 bifold door suitable for various aircraft
    • Hangar is insulated and includes a large overhead propane heater and electricity
    • Benefit from on‑site fuel availability: self‑service 100LL and Jet A with Prist additive
    • Access to airport amenities: log terminal with staff, coffee, snacks, WIFI, and conference room

    Overview

    Ashland Airport Hangar For Sale

    Located at JFK Memorial Airport in Ashland, Wisconsin, this property features a 42x37 (1,554 sqft) plane hangar. The airport (ASX) has two asphalt runways, one measuring 5,197 ft by 100 ft, and the second 3,498 ft by 75 ft. Two fuel types are available: self-service 100LL and Jet A with Prist additive. The log terminal building offers knowledgeable staff, coffee and snacks, WIFI, and a conference room. The hangar includes a 40x12 bifold door suitable for various aircraft. The building is insulated and features metal siding and a metal roof, a large overhead propane heater, and electricity. The land is leased from the county, and utilities are billed to the owner. The property is to be sold as is, buyer due diligence. The hangar is located in Row 2 Hangar 4, Part of Section 18 Town of Gingles annexed to City of Ashland for Airport Use. Note that this sale is for the building only; land is not included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Department Store Food Market Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Ashland
    State
    Wisconsin
    Longitude
    -90.909492
    Latitude
    46.500364

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    FAQs

    What type of property is this?
    Aviation real estate - 1,554 SF hangar at JFK Memorial Airport in Ashland, WI.
    Where is this aviation real estate located?
    The property is located at 50511 HWY 112 Ashland, WI.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: 1,554 sqft plane hangar at JFK Memorial Airport (ASX) in Ashland, Wisconsin; Access to two asphalt runways: 5,197 ft x 100 ft and 3,498 ft x 75 ft; Features a 40x12 bifold door suitable for various aircraft
    (630) 460-0051
    We can help!
    Listing Contact
    KEVIN ONCHUCK
    Real Estate License ID: 113696 - 94
    Learn More
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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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