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    64-Space Manufactured Housing Community Title is generated by Realmo AI

    108 E 5th Ave, South Hutchinson, KS 67505

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    Value-add opportunity in South Hutchinson, Kansas.

    Type:Mobile Home Park
    Lot size:
    6.05 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 19 at 11:01 pm

    Property Features for 108 E 5th Ave

    General Information

    Standard status
    Active
    Lot size
    6.05 Acres
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Ransom Butler

    Listing agent Ransom Butler License #00253099

    Listing office NAI Martens

    Listing date Mar 13, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens

    HighLights

    • Significant value‑add opportunity through infill of 35 vacant spaces.
    • Located in South Hutchinson, adjacent to the City of Hutchinson.
    • All public utilities are present and paid by tenants.
    • Immediate access to a large and diversified employment base.
    • Planned $2+ billion, 705‑megawatt power generating station approximately 3 miles away.
    • 64‑space manufactured housing community on 6.05 acres.

    Overview

    This property features a 64-space manufactured housing community situated in South Hutchinson, Kansas. The community occupies 6.05 acres across two parcels. It operates on all public utilities, with all utilities paid by tenants. The current occupancy rate is 42.2%, indicating a value-add opportunity through the infill of 35 vacant spaces. South Hutchinson is adjacent to the City of Hutchinson, the Reno County seat. The location provides residents with access to a diversified employment base. Evergy has announced plans for a $2+ billion, 705-megawatt power generating station approximately 3 miles from the property, with construction expected to begin in 2027. Local employers include Hutchinson Regional Medical Center, Hutchinson Community College, Hutchinson Correctional, Tyson Foods, Cargill, Collins Bus, Khun Krause, ADM, Arconic, Siemens, and Dillons/Kroger.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.934177
    Latitude
    38.058774

    Nearby Similar for Sale

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      1,328 SF

      Updated Duplex in South Hutchinson

      Updated duplex with two units, ready for immediate occupancy.
      110 E 6th Ave, South Hutchinson, KS 67505
      View Details
    • Contact for pricing

      South Hutchinson Manufactured Housing Community

      64-space community with significant infill and revenue upside.
      108 West 5th Avenue, South Hutchinson, KS 67501
      View Details
    • $3,300,000
      24,398 SF

      South Hutchinson Multifamily Investment

      24,398 SF multifamily property with 36 units in South Hutchinson.
      103 East 7th Avenue, South Hutchinson, KS 67505
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Value-add opportunity in South Hutchinson, Kansas.
    Where is this mobile home & rv park located?
    The property is located at 108 E 5th Ave South Hutchinson, KS.
    What are key features of this property?
    This property features: Significant value‑add opportunity through infill of 35 vacant spaces.; Located in South Hutchinson, adjacent to the City of Hutchinson.; All public utilities are present and paid by tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ransom Butler
    Real Estate License ID: 00253099
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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.

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