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Property profile & analytics
OFF-MARKET
Specialty properties

625 Hanger Rd New Richmond, WI 54017

8,240 SF Built 2018
Property ID
Property summary
AI-generated overview

This exceptional 8,240 square foot executive hangar, built in 2018, is located at the New Richmond Regional Airport in St. Croix County, Wisconsin (zip code 54017). The property boasts a spacious 80x80 hangar bay featuring a 60ft wide x 17ft high Hi-Fold auto-locking hangar door, a 10ft x 8ft front garage door, a 9x7 rear garage door, and three service doors for convenient access. The hangar bay includes a large workshop area, a mechanics wash area with hot and cold water hookups and floor drains. A three-zone in-floor heating system ensures comfort, complemented by a two-zone heating and A/C system in the pilot lounge and office areas. Spray foam insulation enhances the R-value and structural strength. All hangar walls incorporate insulated Andersen windows. The floor is a robust 6 inches of reinforced concrete with a polished finish. Amenities include a pilot lounge with a full kitchen, crew facilities (including a workout room and quiet rooms), office areas overlooking the hangar bay, four bathrooms, a shower, and laundry facilities. The lounge and office areas feature high-end finishes such as solid maple millwork, stone tile floors, tin ceilings, and stylish pipe light fixtures. The exterior includes a large corner lot with ample parking, a private rear yard, a concrete patio, a south-facing apron, attractive stonework, and a security camera system. The property offers stunning views of runway 14. This turnkey operation is ideal for aviation businesses, pilots, and crews seeking a comfortable and functional space for aircraft maintenance, business operations, or aircraft storage. The New Richmond Airport is a well-maintained facility with various aviation businesses, a flight school, and aviation clubs, and is adjacent to Hatfield Lake.

Property profile
Verified
Property type Specialty properties
Year built 2018
Total area 8,240 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
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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