Airport & Aviation Appraisals, Inc.

"When the Job Requires a Special Purpose Product"

Experience | Unimproved Airport Land

The following are brief descriptions of selected work that has been performed by Airport & Aviation Appraisals, Inc. nationwide on:

North Central Airport, Smithfield, Rhode Island — Appraisal of vacant airside parcels for future development and airside improvements on the airport for leasing.

Millville Municipal Airport, Millville, NJ — Appraisal of all vacant parcels of airside land for future development by the airport sponsor.

Port Columbus Int'l Airport, Columbus, OH — Valuation consulting services of vacant airport-related land.

Monroe Municipal Airport, Monroe, NC (W.F. Harris Development LLC) — Appraisal of a 13 acre airside adjacent parcel for a potential "thru-the-fence" operation.

Trenton-Mercer County Airport, Trenton, NJ — Appraisal of all vacant parcels of airside land for future development by the airport sponsor.

New Castle County Airport, Wilmington, DE — Appraisal of all vacant parcels of airside land for future development by the airport sponsor.

Boulder City Airport, Boulder City, Nevada — Market rent analysis report concerning two vacant airside land areas.

DuPage Airport, Chicago, Ill. — Appraisal of vacant airside parcels for future development.

Woodbine Airport, Woodbine, NJ — Appraisal of a number parcels of airside land for future development by the airport sponsor.

Orlando International Airport (Aeroterm.) — Appraisal of 9.1 acres of airside land for air cargo operation.

Sussex County Airport, Georgetown, Delaware — Appraisal of six separate parcels of vacant and improved land located that have airside access. The parcels contain eda total of approximately 4.2 acres of airside land and some were vacant and immediately available for aviation development, while others are improved with hangar structures.

Myrtle Beach International Airport, Horry County, South Carolina — Appraisal of "Myrtle Beach International Commerce Park Planned Unit Development", a tract of land owned by Horry County, containing 467 acres.

Orange County Airport (MGJ), Montgomery, New York — Appraisal of unimproved land on the north side of Runway 26, and unimproved airside land on the northwest side of Route 211, and two medium sized open bay hangars.

Gold Hill Airpark, Morgan Township, North Carolina — Valued unimproved land for Bank of Stanley on a residential airpark.

East Hartford Airport, East Hartford, Conn. — Retained by United Technologies to develop valuation for potential fee simple disposition of major improved airport facility owned and operated by United Technologies. Valuation includes estimation of potential fee simple airside property sales for aviation/industrial users.

Westfield Barnes Airport, Westfield, Mass. — Valuation of 216 acre parcel of unimproved land to determine impact of potential airside development and airport access.

Haith Airport Facilities Inc., Lambert International Airport, St. Louis, Missouri — Determination of Market Rental for site underlying major airside cargo cross-dock facility.

Charlotte-Douglas International, Charlotte, North Carolina — Valuation of two off-airport cargo facilities, consisting of large quantities of improved and unimproved land.

Barnstable Municipal Airport, Hyannis, Massachusetts — Feasibility analysis relating to airport sponsor's acquisition of large airline-type maintenance hangar and preparation of a report outlining recommendations. Valuation of Market Rental for four airside parcels of improved and unimproved land.

Trenton-Mercer County Airport, Trenton, NJ — Appraisal of vacant airside parcel for development with a corporate flight department.

Long Island Mac Arthur Airport, Islip, New York — Determination of Market Rental for underlying site for two fixed base operations. Assignment also involved the estimation of the amount to be paid the airport should the lessee be granted an extension of the underlying ground lease and the airport postpone the reversion of the improvements until the expiration of the new lease.

New Castle County Airport, Wilmington, Delaware — Valuation of three vacant parcels of land for future development by the airport sponsor.

South Jersey Regional Airport, Lumberton, New Jersey — Valuation of entire, privately owned public airport facility which is a participant in AIP Program. Included land improvements and going concern value of fixed base operation for a financial institution.

San Jose International Airport, San Jose, California — Market Value appraisal of underlying site of Hewlett Packard Corporate Hangar to update and escalate lessee's ground rent payments.

Davenport Municipal Airport, Davenport, Iowa — Valuation of three separate vacant parcels of general aviation land to determine market rental rates.

Port Columbus International Airport, Columbus, Ohio — Valuation of unimproved airside land to determine market rental rate for occupation by a corporate tenant.

Francis S. Gabreski Airport, Westhampton Beach, New York, — Valuation of all airside land and improvements along with landside industrial land and improvements to determine market rental rate. Valuation included feasility study and analysis of absorption and likely Highest and Best Use for all airside real estate.

Randall Airport, Middletown, New York — Valuation of airside land and adjacent off airport parcels for acquisition and to determine market value as airport sponsor's share of future Airport Improvement Program grants.

Cape May Airport, Cape May, New Jersey — Valuation to determine market rental rate for all vacant and available airside property. Appraisal to determine fee simple value and market rental rates for two on-airside industrial buildings.

Midway Airport, Chicago, Illinois — Valuation of a large stand alone corporate aviation facility and a small maintenance hangar to determine market rental rate for land and improvements.

Missoula International Airport, Missoula, Montana — Valuation of on airport parcel to determine market value as a part of a transaction involving a land swap between the airport and another governmental agency.

Detroit Metro Airport, Detroit, Michigan — Valuation of unimproved land to determine compensation as a part of an airport land acquisition and runway expansion program.

Muncie Airport, Inc., Muncie, Indiana — Consulting assignment relating to utilization and integration of "through the fence" airside property in conjunction with a large fixed base operation.