Aircraft hangars are among the most misunderstood assets in real estate. They look like industrial warehouses, but they trade on different fundamentals: aircraft capacity, airport ground leases, FAA grant assurances, and the number of years left before the improvements revert to the airport. Standard industrial appraisal methods routinely produce values that have little to do with what a hangar can actually sell or lease for.
An approach built for aviation
We apply the cost, income, and sales-comparison approaches adapted for aviation-specific conditions, then test the result against the constraints that actually drive hangar value: remaining ground-lease term and reversion, FAA self-sustaining and revenue-use rules, and the separation of any FBO business value from the real property. Where relevant, we address PFAS and AFFF environmental exposure and the specialty attributes of T-hangars, FBO and MRO facilities, vertiports, and sustainable aviation fuel infrastructure.
What you receive
- A defensible valuation or consulting report supporting your decision, financing, or filing.
- Explicit treatment of ground-lease term, reversion, and renewal assumptions.
- Clear separation of real property, leasehold, and business enterprise value.
- Documentation that stands up to lender, audit, or litigation review.
Common questions
Can my regular commercial real estate appraiser value a hangar?
A hangar trades on aviation fundamentals a generalist rarely prices: remaining ground-lease term and reversion, FAA self-sustaining and revenue-use rules, and the separation of FBO business value from the building. Standard industrial methods usually overstate value. This is the subject of our founder's doctoral research and his textbook, the standard reference on hangar valuation.
My hangar sits on a long ground lease. Does reversion really matter?
Yes. Value is the present worth of the years you control the building plus any reversion you are owed, which is often nothing. Two identical hangars with different remaining terms are worth different amounts. We model this explicitly rather than defaulting to replacement cost.
Is this a certified USPAP appraisal or consulting?
We deliver both. Some engagements are certified appraisals, and others are consulting and market studies that complement a certified appraisal your file may also require. We scope it to your purpose before we start.
Do you handle environmental issues and specialty hangars?
Yes. We address PFAS and AFFF exposure and specialty properties including T-hangars, FBO and MRO facilities, vertiports, and sustainable aviation fuel infrastructure.
Discuss your engagement
Retained analysis for lenders, owners, investors, and litigation counsel across aeronautical valuation.
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