Located in suburb of Grand Rapids, MI.
3,900’ x 60’ runway originally constructed in 1990.
Includes 10 small hangars and 1 large hangar. Total hangar SF: 49,070
10,000 gallon triple wall fuel storage tank.
Total annual revenue from hangar rentals, fuel sales profit, office rents, plane and simulator rentals : $225,420
Includes 1983 Piper Archer with newer motor, and Frasca flight simulator.
Rare zoning allows for construction and sale of hangars. All hangars currently occupied. Large potential upside from additional hangar development. Neighboring homes have attached hangar and taxiway access to runway.
Check the "InfoExchange" section on the Appraisal Institute website. Make sure you check the archives of IE as well.
You"ll probably see a few appraisers looking for like property info over the years.
I've always found them to be a good source of info and/or direction.