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OFF-MARKET
Specialty properties

1910 Vision St Bismarck, ND 58504

1,197 SF Built 2017
Property ID
Property summary
AI-generated overview

This exceptional 1,197 sq ft private hangar, built in 2017, is situated within the Bismarck Municipal Airport's restricted area, offering unparalleled convenience and security. Accessible via Executive Air FBO or a private entrance (security clearance required), this hangar boasts a 42-foot by-fold door with opener, a walk-in door, insulation, heating, lighting, a ceiling fan, bathroom, water, floor drain, epoxy flooring, outlets, and natural gas hookup. The hangar is connected to the runway by a paved taxiway, allowing for direct access to your aircraft. A well-established HOA manages exterior maintenance, including snow removal, exterior insurance, and city lease payments. Refueling and service are readily available on-site. The hangar is currently generating rental income at a daily rate of $300, inclusive of shuttle service within city limits. Showings require an escort due to the restricted access. The property is zoned for public use (P) and is suitable for various aircraft types, including Cirrus SR22, G2 Vision, Beechcraft Bonanza, Cessna, and Piper models. The Bismarck Municipal Airport encompasses 2,425 acres with two asphalt runways (8,794 x 150 ft and 6,600 x 100 ft). This is a rare opportunity to own a secure and well-equipped private hangar at a major airport. Asking price: $375,000.

Property profile
Verified
Property type Specialty properties
Year built 2017
Total area 1,197 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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