Aviation Hangar
For Sale
Contact for pricing
930 Aviator Dr, Fort Worth, TX 76179
Insulated aviation facility with private living quarters, aircraft storage, and direct access to a dedicated two-car garage.
Property Size9,159 SF
Lot Size0.29 Acres
Price / SF$122.83
Days on Market220
Property Features for 930 Aviator Dr
General Information
Standard status
Active
Size
9,159 SF
Lot size
0.29 Acres
Property subtype
Special Purpose
Zoning
Aircraft Storage; Aviation Related Business
Warehouse & Industrial
Warehouse Space
5,395 SF
Drive-In Doors
2
Additional Details
Road Access
Yes
Amenities
game room
movie theater
electric lift
fireman's pole
full kitchen
office/shop
pilot's lounge
two-car garage
Building Details
Year Built
2004
Buildings
1
Stories
2
Units
1
Building Size
9,159 SF
Listing Agency:
AirSpace
(682) 225-3262
Listed By:
Ryan Cox · License #TX 601441
Source:
Crexi
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 8:16AM
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 AirSpace
Investment Insights
Based on property information with market context.
Completed in 2004, this aviation property combines a fully insulated hangar with substantial residential and support spaces. The 9,159-square-foot building includes a 5,395-square-foot hangar bay, LED lighting, overhead roll-up access, and a 50' wide x 14' tall electric Schweiss bi-fold door with automatic closing arms. A dedicated 24' x 24' garage keeps daily vehicles separate from the aircraft area.
The connected 3,385-square-foot living quarters provide three bedrooms, two full baths, two half baths, a full kitchen, office/shop space, game room, movie theater, pilot’s lounge, electric lift to the second floor, and fireman’s pole. Situated on 12,650 square feet of land rather than an airport ground lease, the property is at the north end of Hicks Airfield near the airport entrance, with taxi access to the 3,750' paved runway 14/32. Zoning supports Aircraft Storage and Aviation Related Business uses.
The connected 3,385-square-foot living quarters provide three bedrooms, two full baths, two half baths, a full kitchen, office/shop space, game room, movie theater, pilot’s lounge, electric lift to the second floor, and fireman’s pole. Situated on 12,650 square feet of land rather than an airport ground lease, the property is at the north end of Hicks Airfield near the airport entrance, with taxi access to the 3,750' paved runway 14/32. Zoning supports Aircraft Storage and Aviation Related Business uses.
Key Highlights
- 9,159 square foot aviation hangar residence on 12,650 square feet of land
- 5,395‑square‑foot hangar bay with a 50' wide x 14' tall electric bi‑fold door
- 3,385‑square‑foot living quarters with three bedrooms, two full baths, and two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,495,240
$1.5M
Cap Rate 7%
$1,068,029
$1.1M
Cap Rate 9%
$830,689
$830.7K
Market Conditions
NOI Build-Up for 9,159 SF
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.
Gross rent
$126.4K $13.80/SF
− Vacancy
−$11.4K −$1.24/SF
EGI
$115.0K $12.56/SF
− OpEx
−$40.3K −$4.40/SF
NOI
$74.8K $8.16/SF
Area
ZIP 76179
Vacancy
9.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,495,240
Cap Rate 7%
$1,068,029
Cap Rate 9%
$830,689
Alternative Uses
Best Use
Industrial
$9.85M
$8.62M – $11.49M
NOI $689,305 @ 7.0% cap · market cap 61.27%
Second Best
Mixed Use
$2.21M
$1.93M – $2.58M
NOI $154,558 @ 7.0% cap · market cap 13.74%
Theoretical Best
Warehouse
$10.93M
$9.56M – $12.75M
NOI $765,148 @ 7.0% cap · market cap 68.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Insulated aviation facility with private living quarters, aircraft storage, and direct access to a dedicated two-car garage.
Where is this aviation real estate located?
The property is located at 930 Aviator Dr Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 9,159 square foot aviation hangar residence on 12,650 square feet of land; 5,395‑square‑foot hangar bay with a 50' wide x 14' tall electric bi‑fold door; 3,385‑square‑foot living quarters with three bedrooms, two full baths, and two half baths
