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    Hangar at Auburn Municipal Airport Title is generated by Realmo AI

    AUBURN, Auburn 95602

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    For Sale
    $184,000

    COMMERCIAL - AUBURN

    Property size:
    1,571 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $117/SF
    Added:
    May 8, 2026
    Days on Market:
    15
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for AUBURN

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Airport
    Standard status
    Active
    Size
    1,571 SF
    Lot size
    0.05 Acres

    We can help!

    Listing Contact
    Sandy Jamison

    Listing agent Sandy Jamison License #01847009

    Listing office Tuscana Properties 1875 S Bascom Avenue #2400, San Jose, CA

    Listing date May 8, 2026

    MLS# ML82041682

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

    HighLights

    • Located at Auburn Municipal Airport (KAUN) with runway access and fuel available.
    • 1571sf Hangar with insulated, renovated interior.
    • Equipped with a 10KW Generac generator with propane tank for backup power.
    • Full on‑grid electrical system: 220VAC/110VAC 50 amp panel.
    • Ground lease option until 2046.
    • Includes additional parking space and side man door with keypad access.

    Overview

    Hangar #75 is available for purchase at Auburn Municipal Airport (KAUN), situated at 13666 New Airport Rd. This end unit hangar includes an additional parking space and a full on-grid 220VAC/110VAC 50 amp two-pole electrical panel. The hangar is fully wired with convenience outlets, comprehensive lighting, and a two-pole compressor outlet. A side man door with keypad access provides easy entry. It also features a 10KW Emer Gen with 120/240VAC power, auto start, 83.3/41.7 amp capacity Generac generator with a propane tank for backup power. The interior has been completely renovated with insulated painted walls, sheetrock finish on the north end, and plywood painted finish on the east and west ends. The hangar has sliding doors and measures approximately 1571 square feet (35.16 deep x 44.75 deep). The property is on a 10-year ground lease option with the City of Auburn, expiring in 2036, with an additional 10-year option extending until 2046. The annual ground lease is $1520, with an additional $510 per year for 4 years for the option payment and $360 per year for power. The runway measures 3700x75ft asphalt and offers both 100LL and Jet fuel.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Map

    City
    Auburn
    County
    Placer
    State
    Longitude
    -121.117
    Latitude
    38.9886

    FAQs

    What type of property is this?
    Aviation real estate - Hangar with renovated interior and backup generator for sale.
    Where is this aviation real estate located?
    The property is located at AUBURN Auburn.
    What is the asking price?
    The asking price for this property is $184,000.
    What are key features of this property?
    This property features: Located at Auburn Municipal Airport (KAUN) with runway access and fuel available.; 1571sf Hangar with insulated, renovated interior.; Equipped with a 10KW Generac generator with propane tank for backup power.
    (408) 214-8821
    We can help!
    Listing Contact
    Sandy Jamison
    Real Estate License ID: 01847009
    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.

    More about this property
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