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Jet

1980 CESSNA CITATION 500 SP

Fort Worth, TX · USA
$399,500 fyiEstimate $623,000–$639,000 How this estimate is built

Starts from the median asking price of 5 comparable CESSNA CITATION 500 SP listings ($550,000), then adjusts for:

  • Year +4 vs comparable listings +6.0%
  • Airframe time -5,131 hr vs comps +10.3%
  • Market supply: 13 for sale of 189 FAA-registered -1.8%

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

1980
4,998 hrs
N551MS
501-0147
1
📍 Jackson Hole, WY
Michael A Simpson Individual
Per the FAA aircraft registry (public record)
📍 Bridgeport, TX

Overview

Make / ModelCESSNA CITATION 500 SP
TypeJet
Airframe time4,998 hrs
InspectionPhase
Autopilot

Description

Detailed Description Citation 501 I/SP in immaculate condition. Current owner has owned for 30 years. A true pride of ownership airplane! 4,998 TT ' Fresh Phase Compliance ' Engines Near HSI, but priced accordingly. Single Pilot Certified. Typical Seating: 5-7 passengers. Crew: Single pilot certified. Cabin Height: ~4 ft 9 in/Cabin Width: ~4 ft 10 in/Cabin Length: ~11 ft - See Attached Cescom Status Sheet in the PDF download tab of this posting. Excellent finance options are available on this Unique and well maintained Citation I/SP Competitive Rates as in the and extended terms (oac). Lease-to-own options may be available, depending upon situation. We assist with financing even if you are buying elsewhere, visit: goJetsWest.com "Plane Talk Live" is our Podcast series on aviation buying, selling & Financing. Visit us on Spotify search "Plane Talk Live" or on your favorite Podcasting Platform (iHeart, Apple, Amazon Music). Professionally maintained 1980 Citation 501 I/SP with complete CESCOM tracking and current inspection status. Potential Engine Swap for Mid-Time JT-15s (contact for information). Excellent financing available 20 year - in the 6%s (oac). We are aviation finance and insurance specialists (Lic# 4165879). Trades of most all types are welcome - for more information, visit our website at: gojetswest.com. ✈ OPERATING PERFORMANCE Cruise Speed: ~380 KTAS Max Cruise: ~410 KTAS (high altitude) Range: ~1,200 NM (NBAA IFR reserves, 4 pax typical) Service Ceiling: 41,000 ft Rate of Climb: ~3,000 fpm initial Takeoff Distance: ~3,300 ft (sea level, ISA) Landing Distance: ~2,600 ft ⛽ OPERATING ECONOMICS Fuel Burn: • ~1,200-1,300 lbs/hr combined (first hour) • ~900-1,000 lbs/hr combined (cruise average) Engines: Pratt & Whitney JT15D series Fuel Capacity: ~5,000 lbs usable (specifications are general and may not be applicable to this particular airplane - do your own research to verify specifications and performance figures) This aircraft presents an excellent value opportunity for an owner-operator seeking a well-maintained 500-series platform with solid compliance history. For additional information call my cell at 702-801-0966 (call/text) or email direct: [email protected] (website: gojetswest.com) We welcome trade-ins of most any type and are spot cash buyers for Turbine, Turbo-Prop and Cabin Class aircraft. Call or visit for a cash quote or current market overview and valuation at goJetsWest.com or call me at 702-801-0966 call/text /stan INSPECTION STATUS No major Phase events immediately pending Fire bottle cartridges replaced Feb 2026 Recent hydrostatic tests completed Good calendar compliance profile. ✈ OPERATING PERFORMANCE Cruise Speed: ~380 KTAS Max Cruise: ~410 KTAS (high altitude) Range: ~1,200 NM (NBAA IFR reserves, 4 pax typical) Service Ceiling: 41,000 ft Rate of Climb: ~3,000 fpm initial Takeoff Distance: ~3,300 ft (sea level, ISA) Landing Distance: ~2,600 ft ⛽ OPERATING ECONOMICS Fuel Burn: • ~1,200-1,300 lbs/hr combined (first hour) • ~900-1,000 lbs/hr combined (cruise average) Engines: Pratt & Whitney JT15D series Fuel Capacity: ~5,000 lbs usable 🧳 CABIN Typical Seating: 5-7 passengers Crew: Single pilot certified Cabin Height: ~4 ft 9 in Cabin Width: ~4 ft 10 in Cabin Length: ~11 ft All specifications, times, and equipment descriptions are subject to verification by purchaser. Information is provided from maintenance records and other sources believed reliable; however, no representation or warranty is made as to accuracy or completeness. Aircraft is offered subject to prior sale, lease, or removal from the market without notice. 4,998.7 Total Time 4,437 Landings Phase 1-4 completed June 2025 Phase 12 completed Feb 2026 Phase 20 completed June 2025 RVSM compliant Transponder & Altimeter certifications current ELT battery current to Feb 2028 All maintenance tracked in CESCOM.

Modifications

Pratt & Whitney JT15D-1A Total Time: 4,998.7 Hours (Both Engines) Overhaul Completed: December 2003 Approx. 1,610 Hours Since Overhaul 3,500 Hour TBO Approx. 139 Hours Remaining to HSI Complete CESCOM Tracking Engines reflect time since overhaul and airplane is priced accordingly.

Avionics

HF Communication Transceivers Collins VHF-20A (Top Comm) Collins VHF-21A (Bottom Comm) VHF Communication Antennas CI211-1 (No. 2) VFS10-90-5 (No. 1) HF System HF Receiver-Exciter HF Control Head HF Power Amp / Antenna Coupler 🎧 Audio System Dual Audio Amplifiers Cabin & Cockpit Speakers Telex Headsets 🧭 Transponder Dual ATC Transponders (FAR 91.413 certification current per Phase 20) 🛫 Autopilot System SP-200 Autopilot Computer PC-500 Autopilot Controller SM-200 Aileron Servo SM-200 Elevator Servo Rudder Servo

How this aircraft compares

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

Price

20th pct
$400k$850kThis aircraft · $400k

$400k · 20th percentile of 5 listings

Airframe time

20th pct
4,99810,379This aircraft · 4,998

4,998 hours total (TTAF) · 20th percentile of 5 listings

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