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Jet

1981 CESSNA CITATION 500 SP

N Miami, FL · USA
🕒 Listed 2 months ago
$750,000
⚠ This price is for a partial ownership — 50% share
fyiEstimate $664,500–$681,000 ⓘ How this estimate is built

Starts from the median asking price of 5 comparable Cessna CITATION 500 SP listings ($639,500), then adjusts for:

  • Year +5 vs comparable listings +7.5%
  • Engine time -1,529 hr vs comps +6.1%
  • Garmin GTN 750 (40% of comps) +5.2%
  • No Autopilot (60% of comps have one) -8.6%
  • No ADS-B (60% of comps have one) -1.6%
  • Market supply: 17 for sale of 189 FAA-registered -2.5%

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

1981
10,129 hrs
N1EJ ✈ Flight Tracking
Oct 09, 2026 (11 days ago)
5010191
—
2
—
Flying Bishi LLC
Per the FAA aircraft registry (public record)

Overview

Make / ModelCessna CITATION 500 SP
TypeJet
Airframe time10,129 hrs
Engine time151 TSHSI
Avionics / GPSGarmin GTN 750, GTN 650
Avionics / Audio panelGarmin GMA35C
Avionics / Datalink weatherGDL-69
InspectionPhase
Garmin GPS RVSM

Description

Detailed Description Spectacular Citation I SP with 2023 complete paint and interior and exceptional maintenance. Currently on and maintained to FAA Part 135. Beautiful Grey leather interior with wood grain cabinets. Garmin GTN650 and GTN 750 GPS, GMA35C Audio panel, GTX345 Mode S Transponder. Years of detailed attention to maintenance and restoration give this aircraft exceptional value in its class. Ideal for short range charter or owner flown, it offers an excellent compromise between piston twins and faster light jets. Fresh comprehensive Phase 5 July 2026. Will consider 50% ownership with aircraft remaining on Part 135 Certificate Years of detailed attention to maintenance and restoration give this aircraft exceptional value in its class. Ideal for short range charter or owner flown, it offers an excellent compromise between piston twins and faster light jets. Will consider 50% ownership with aircraft remaining on Part 135 Certificate Maintained per Part 135. Current on all items Fresh Maintenance Status (detailed CAMS reporting) Fresh Phase 5 May 2026 Phase 15-17 and 24 due at 10,500 TT Phase 1-4 due 6/27/2027 ADC/XPDR/Static System/RVSM check due 5/2027

Modifications

Engines: P&W JT15D-1A (3500 TBO)

Avionics

Garmin GTN650 GPS Garmin GTN750 GPS Garmin GTX345 Mode S Xpdr Garmin GMA35C Audio Panel GAD-42/GDL-69 Sperry AP

Recommended avionics upgrades

Garmin GTX 345 (ADS-B In/Out)

No ADS-B is listed — a GTX 345 delivers required ADS-B Out plus In (traffic & weather) in one transponder.

See prices & suppliers ›

Suggestions are based on the panel described in this listing; verify STC approval for this make/model before any installation.

Service Difficulty Reports (SDRs)

Checking FAA service difficulty reports…

Airworthiness Directives (ADs)

Checking airworthiness directives…

How this aircraft compares

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

Price

80th pct
$550k$850kThis aircraft · $750k

$750k · 80th percentile of 5 listings

Airframe time

60th pct
4,99810,379This aircraft · 10,129

10,129 hours total (TTAF) · 60th percentile of 5 listings

Engine time (Engine 1)

40th pct
1393,187This aircraft · 151

151 engine hours · 40th percentile of 5 listings

Engine time (Engine 2)

20th pct
1512,740This aircraft · 151

151 engine hours · 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.

Operating costs & specifications — Cessna Citation 500

Typical model-level figures for the Cessna Citation 500 (not this specific airframe).

$728,077annual budget · 310 hrs/yr
$1,438variable cost / hour
$4.05cost per nm
$400,260avg pre-owned asking fyiEstimate  $664,500–$681,000

Performance & dimensions

Range900 nm
Cruise speed355 kts · 409 mph
Takeoff / landing2660.0 / 2300.0

About this plane

Twin engine turbofan aircraft. The Citation 500 seats up to 6 passengers plus 2 pilot(s).

Range from base

Still-air range ring — type an aircraft to change it. Compare aircraft on the Range tool ›

Last flight

Actual flight path from FlightAware for N1EJ. More flight tracking ›