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    3400 E 4th Ave Hutchinson, KS 67501

    View on Map
    For Sale
    $165,000

    COMMERCIAL - Hutchinson, KS

    Property size:
    5,520 SF
    Lot size:
    0.53 Acres
    Added:
    Dec 16, 2024
    Days on Market:
    471
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 3400 E 4th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1320904013001000
    Size
    5,520 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    HOMEFIELD, S09, T23, R05W, COM SW COR LOT 1 BLK 1 TH E 92.16FT TH N 232.35FT TH W 92.14FT TH S TO PO
    TaxAnnualAmount
    2260

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1953
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Paul Phillips

    Listing agent Paul Phillips

    Listing office Align Realty, LLC 17 S Main St, HUTCHINSON, KS

    Listing date Dec 16, 2024

    MLS# 51789

    Copyright © 2026 Mid-Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hutchinson Commercial Warehouse Opportunity

    This commercial warehouse property, located on East 4th Ave in Hutchinson near the Airport, presents an outstanding business opportunity. The 5520 square foot building has been recently updated with new paint, fencing, and lighting. A chip-sealed parking area and new overhead tube heaters have been installed, along with 9 new mini-split units. The warehouse features two large overhead doors providing easy access to both the front and rear of the building. Inside, there is an office area, a bathroom, and a loft storage area. The property includes a car lift, updated electrical system, and updated PEX water lines to the front and rear. A recently rebuilt commercial air compressor with updated lines is also present. The building is a solid welded steel frame structure situated on just over half an acre (0.53 acres). Currently housing an auto restoration business, the owner is open to selling the business as well and may consider financing for a qualified buyer. This property is suited for warehouses, industrial purposes, auto shops, automotive businesses, retail spaces, and other commercial real estate ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto House Towing ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy Auto Parts Store Hotel & Motel Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Superior Storage — 327 N Superior St, Hutchinson, KS 67501
    • ADM Grain Elevator I — 1 n halstead st, hutchinson, ks 67501
    • Cargill Grain — 309 N Halstead St, Hutchinson, KS 67501
    • Adm I — 1 N Halstead St, Hutchinson, KS 67501
    • ADM J Elevator — 816 N Halstead St, Hutchinson, KS 67501

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.869808
    Latitude
    38.057985

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    FAQs

    What type of property is this?
    Warehouse - Updated warehouse with potential for auto restoration business.
    Where is this warehouse located?
    The property is located at 3400 E 4th Ave Hutchinson, KS.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Updated 5520 sq ft commercial warehouse with recent improvements including new paint, fencing, lighting, and mini‑split units.; Two large overhead doors provide easy access to both the front and rear of the building.; Features include an office area, bathroom, and loft storage, plus a car lift and rebuilt commercial air compressor.
    (620) 960-3222
    We can help!
    Listing Contact
    Paul Phillips
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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