Concept-stage venture · all figures are projections

Get off the waitlist. Own the box.

Hangar Row plans to build 20-unit rows of 50x50 and 60x60 box hangars on long airport ground leases across the Southwest, and sell them to owner-pilots as condominium units. One standard design, three locked packages, and a door sized for the airplane you actually fly.

PHASE 2
20units per phase, one taxilane
48-58 ftdoor widths (50x50 and 60x60)
$565k50x50 base price (projection)
1planned W-2 employee
A1The problem →

Your airplane lives outside, or on a list.

Waitlists at fast-growing Southwest fields run for years, and older T-hangars were not built for today's wider, taller aircraft. Airports usually have the land but not the money.

2013Earliest applicants still on Chandler Municipal's waitlist; its city hangars are 100% occupied.

Source: AVweb

10+ yrsWaitlists at "just about any other airport near density," per Flying's reporting on Arizona.

Source: Flying

55%of airport managers surveyed have developable land but lack funding to build.

Source: Aviation Week

Waitlists overstate real demand: most names want a $400-900/month T-hangar, not a purchase. That is why the plan filters by aircraft type and requires 16 refundable reservations before committing to an airport.

A2The solution →

One engineered building family, repeated.

Twenty units per phase from one pre-engineered steel design, on 40-50 year ground leases from city and county airport sponsors. Owners buy a leasehold condominium unit; an association runs the taxilane, insurance and reserves.

48 ft bifold · 14 ft clear

50x50 · 2,500 sf

SR22, Bonanza, Baron, light twins. 12 per phase.

$565k base projection ($226/sf)

58 ft bifold or hydraulic · 16 ft clear

60x60 · 3,600 sf

TBM, PC-12, SF50, King Air 90. 8 per phase.

$755k base projection ($210/sf)

78 ft hydraulic · 24-28 ft clear

80x80 · 6,400 sf

Phenom 300, CJ3/CJ4, PC-24. Build-to-order only, with a hard deposit before the GMP.

~$1.3M projection

A3Try it →

Will my plane fit?

Pick your aircraft. We draw it to scale inside both standard units and show the clearance at the door, the depth and the tail.

Approximate published dimensions. Verify against your POH. Planning rules: 3 ft wingtip clearance per side, 3 ft spare depth, 1.5 ft over the tail.

Full fit tool in the prototype

50x50 · 48 ft door

60x60 · 58 ft door

A4How it works →

From waitlist to keys in four steps.

Reserve

A refundable reservation (≤ $5,000 where Arizona pre-report rules apply) holds your place while the airport and legal work finish.

Contract

Pick a unit and one of three locked packages. Sign a hard contract with a 10% deposit held by an independent escrow agent.

Build

At 60% hard presales and a bonded GMP the construction loan closes. A pre-engineered steel build takes about 12 months.

Close & fly

Close on a leasehold condo unit with 40-50 years on the ground lease, and an association that runs the taxilane and reserves.

See the full process, timeline and packages →

A5Pricing →

Three units. Three locked packages.

Packages are fixed at hard contract so the builder runs one change-order stream, not twenty. Anything else is done after closing by your own contractor.

Shell

Base

The standard unit: door, slab, fire separation, basic electrical.

Details

Executive

+$88-128k

Pilot, plus a restroom and mezzanine in pre-engineered positions; hydraulic door on 60x60s.

Details

Package premiums are illustrative estimates, not GC quotes, and are excluded from the financial model. Base prices are projections that must be supported by closed comparable sales at each airport.

A6The honest number →

Every $5/sf of hard cost moves the founder multiple about 0.2x.

This is a development business with thin, cost-sensitive margins. Drag the GMP hard cost and watch the projected founder multiple and IRR across a 3-phase, ~8-year plan (go-case pricing). The plan's kill gate is $125/sf.

founder multiple, pre-tax
founder IRR
Phase 1 margin on cost

Projection from model.json (go-case pricing, deposits escrowed). On today's base inputs ($135 hard, $218/sf) the plan projects about 1.0x. Not a forecast.

A7FAQ →

Pilot-to-pilot answers

Do I own the land?

No. Airport land stays with the sponsor (the city or county). You own a leasehold condominium unit on a 40-50 year ground lease, with extension options tied to capital improvements and protections for your lender. That is the norm at municipal airports.

What are the monthly dues?

About $533 per unit per month in the plan, built bottom-up: ground-rent pass-through (~$276), master insurance (~$90), pavement and taxilane reserve (~$65), a third-party manager (~$62) and legal, audit and common utilities (~$40). These are estimates to be replaced by real quotes.

Is my deposit safe?

The plan assumes buyer deposits are held by an independent escrow agent until closing and are not used for construction. A hard-contract deposit becomes non-refundable once the guaranteed maximum price (GMP) is signed. State rules differ, so the terms wait for a written condominium-counsel opinion.

Should I buy, or keep waiting to rent?

If a comparable box hangar is available to rent near you at about $12/sf/yr, buying at ~$226/sf in cash is roughly 1.5x the rent-equivalent, and your CPA may say so. Buying makes sense where rentals simply are not available. Every buyer gets a one-page buy-versus-rent comparison.

Are there tax benefits?

We do not sell this on tax savings. If you use the hangar in a business, depreciation may apply. The prototype offers an opt-in illustration only. Not tax advice; coordinate with your CPA.

Can I store my motorhome or run a business from it?

Hangar use follows the FAA's 2016 policy on non-aeronautical use of hangars, and the condo documents pass it down. Aircraft come first; incidental storage is allowed within that policy.

Which airports?

None is signed. The plan screens Tier 1 metro relievers in Arizona, Nevada and southwest Utah where a development area is already on an approved airport layout plan with environmental review done. See the opportunity map in the prototype.

Tell us what you fly and where.

Hangar Row is concept-stage. Interest from owner-pilots and airport sponsors shapes which field goes first. No commitment, no sales pitch.

Email usTry the prototype