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It does have additional value in my opinion because it is producing revenue for him and without my letting him use the land for a runway he would have no business. He builds planes and teaches flight instruction. He's an awesome guy and we are close friends but the land has value beyond...

Thanks Doc! At present it is farmland, but we are looking into developing it into an airport community. My friend and neighbor owns some of the runway and I own more than half. At present I don't charge him for leasing the land. His business is growing. I'm trying to figure out how to calculate...

Good morning! Is everyone here a pilot? I am not a pilot yet but my neighbor is and the runway is half on my property. I have a few questions regarding the value of my portion of the runway. Can anyone help me calculate a value for rental purposes