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Jet

1974 CESSNA CITATION 500

$335,000 fyiEstimate $1,343,500–$1,377,500 How this estimate is built

Starts from the median asking price of 142 comparable CESSNA Jet listings ($2,050,000), then adjusts for:

  • Year -27 vs comparable listings -20.0%
  • Airframe time +2,780 hr vs comps -5.6%
  • Engine time +6,510 hr vs comps -12.0%
  • Modern GPS navigator (uncommon in comps) +3.0%
  • Autopilot (uncommon in comps) +2.0%
  • Market supply: 12 for sale of 64 FAA-registered -5.0%

Shown as a range. An estimate from asking-price comparables and FAA supply data — not an appraisal.

1974
9,359 hrs
N54JV
500-0163
PRATT & WHITNEY JT15D-1
2
ASL
📍 Osprey, Florida
Parrott Aviation INC Corporation
Per the FAA aircraft registry (public record)
📍 Marshall, TX

Overview

Make / ModelCESSNA CITATION 500
TypeJet
Airframe time9,359 hrs
Engine time10,123 SNEW
Avionics / flight deckBENDIX/KING
Avionics / GPSGarmin GNS 530
Avionics / TransponderGarmin GTX 345R
Avionics / OtherGarmin GNS-530W, Garmin GNS 430
ADS-BYes
InspectionPhase
Garmin GPS Autopilot ADS-B

Description

The Cessna Citation 500 marked the beginning of a legacy—introducing business aviation to the concept of a light jet that’s simple, reliable, economical, and the foundational model in the legendary Citation family. Equipped with a pair of Pratt & Whitney JT15D-1 turbofan engines, the Citation 500 delivers a max cruise speed of approximately 350 knots and a range of about 1,300 nautical miles. Its low stall speed, short takeoff/landing distances, and simple handling make it a forgiving aircraft—even on shorter runways. Though its avionics suite varies by upgrade history, this aircraft had a retrofit with EFIS displays, Garmin 530W/430 COMM, NAV, GPS-WAAS, MFD, and GTX Trans-ADS-B. Pilots appreciate its intuitive layout and solid systems, making it a practical option for single-pilot or dual-pilot operations.

Modifications

Sierra Mod Aft Divan Coffeeville Aft Baggage Mod Bendix/King EFIS ED-551A Upgrade This Citation 500 is equipped with Artex ELT, Garmin GNS-530/430 COMM/NAV-GPS, GTX-345R (ADS-B), Angle of attack, J.E.T. standby gyro, pitot heat monitor, Davtron chronometer, Goodrich-3 heavy-duty brakes, engine fan/turbine synch, high-capacity oxygen system, Coffeeville aft baggage mod, portable fire extinguisher, lead-acid batteries

Avionics

Honeywell- Bendix King ADF: King KDF-800 Autopilot: King KFC-325 IFCS Communication Radios: Garmin GNS-530W & GNS-430 DME: Dual King KN-63 Flight Director: King KFC-325 IFCS GPS: Garmin GNS-530W (WAAS) & GNS-430 Navigation Radios: Garmin GNS-530W & GNS-430 Stormscope: BFGoodrich WX-950 TAWS: Garmin GNS-530W TAWS TCAD: Ryan ATS-9900B Transponder: Garmin GTX-345R Transponder (ADS-B out) Weather Radar: King RDS-81 color

How this aircraft compares

Where this CESSNA CITATION 500 lands versus other CESSNA CITATION 500 listings on fyiAero.

Airframe time

50th pct
8,91411,260This aircraft · 9,359

9,359 hours total (TTAF) · 50th percentile of 6 listings

Engine time (Engine 1)

99th pct
1,15510,123This aircraft · 10,123

10,123 hours since new · 99th percentile of 6 listings

Engine time (Engine 2)

99th pct
1,1559,157This aircraft · 9,157

9,157 hours since new · 99th percentile of 6 listings

Percentile = share of comparable listings at or below this value. Lower airframe/engine hours are generally fresher; price reflects the asking price only.

General

Year1974
ManufacturerCESSNA
ModelCITATION 500
Serial Number500-0163
Registration #N54JV
ConditionUsed
FlightRulesIFR
Based atASL

Airframe

Total Time9,359
Total Landings8,551
Max Takeoff Weight11,500 lb

Engine 1

Engine 1 Make/ModelPRATT & WHITNEY JT15D-1
Engine 1 Serial NumberPCE-77112
Engine 1 Time10,123 SNEW
Engine 1 TBO3500
Engine 1 Cycles10,193
Hot Section Time 11,551

Engine 2

Engine 2 Make/ModelPRATT & WHITNEY JT15D-1
Engine 2 Serial NumberPCE-76356
Engine 2 Time9,157 SNEW
Engine 2 TBO3500
Engine 2 Cycles8,026
Hot Section Time 21,427

Avionics

Flight Deck Manufacturer/ModelBENDIX/KING
ADS-B EquippedYes
WAASYes
Avionics/RadiosHoneywell- Bendix King ADF: King KDF-800 Autopilot: King KFC-325 IFCS Communication Radios: Garmin GNS-530W & GNS-430 DME: Dual King KN-63 Flight Director: King KFC-325 IFCS GPS: Garmin GNS-530W (WAAS) & GNS-430 Navigation Radios: Garmin GNS-530W & GNS-430 Stormscope: BFGoodrich WX-950 TAWS: Garmin GNS-530W TAWS TCAD: Ryan ATS-9900B Transponder: Garmin GTX-345R Transponder (ADS-B out) Weather Radar: King RDS-81 color

Additional Equipment

Additional EquipmentThis Citation 500 is equipped with Artex ELT, Garmin GNS-530/430 COMM/NAV-GPS, GTX-345R (ADS-B), Angle of attack, J.E.T. standby gyro, pitot heat monitor, Davtron chronometer, Goodrich-3 heavy-duty brakes, engine fan/turbine synch, high-capacity oxygen system, Coffeeville aft baggage mod, portable fire extinguisher, lead-acid batteries

Modifications/Conversions

Modifications/ConversionsSierra Mod Aft Divan Coffeeville Aft Baggage Mod Bendix/King EFIS ED-551A Upgrade

Interior

Year Interior2000
Number of Seats5
Galley ConfigurationForward

Exterior

Year Painted2005

Inspection Status

Inspection StatusMaintenance Tracking via CESCOM Phase 1-4 (24m/300-Hour) – Due to be Completed Phase 5 (36m/1,200-Hour) – Due to be Completed

Engine Program

Engine Maintenance ProgramNone