If you are buying or selling a hangar, the first question is not door height. It is whether the hangar sits on land you own, or on airport land under a ground lease.

Deeded (fee-simple): you own the building and the land. No airport ground lease. Title, survey, and closing look closer to other real estate. The Arcola hangar at Houston Southwest (AXH) is this structure: fee-simple, no airport ground lease, no taxiway fees.

Leasehold: you own or lease the building on land the airport or a sponsor still owns. The ground lease term, remaining years, assignment rules, rent resets, and what happens at expiration are the deal. A short remaining term can make financing and 1031 treatment harder. A long, assignable lease with clear remaining rights can be a solid operating asset.

What to pull before you write an offer: deeded vs leasehold in writing; ground-lease term remaining and assignment language; door height, width, and depth vs your aircraft; wingspan and taxilane clearance; fuel, FBO, and after-hours access; airport rules; 1031 eligibility with your tax counsel (this is not tax advice).

Robert Johnson, Realtor®, CENTURY 21 Olympian, works hangar deals at DWH and AXH. Call 281-250-0188.