Warehouse Space with Overhead
121 E 4th Ave, Hutchinson, KS 67501
For Sale
Contact for pricing
Commercial Sale, Hutchinson, KS
Property Size1,950 SF
Price / SF$0.62
Days on Market9
Property Features for 121 E 4th Ave
General Information
Property type
Property subtype
Zoning
Lot features
Elementary school district
Standard status
APN
Additional Details
Tenant in Place
Property Use
Utilities
Utilities
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Landmark Commercial Real Estate
(316) 262-2442
Listed By:
MARIBETH REIMER · License KS SP00231222
(620) 727-7806
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 55839
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.
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Investment Insights
Based on property information with market context.
The warehouse offers 1,950 square feet of space, two overhead doors, and concrete flooring. Metal siding and a metal roof serve the building, which was built in 1993. Natural gas is available. The property has no bathroom, and parking is limited.
The space is scheduled to be available for sublease from January 1, 2027, through December 31, 2027. A subsequent tenant may be able to arrange a longer lease. A rocked area is located on the east side of the building.
The space is scheduled to be available for sublease from January 1, 2027, through December 31, 2027. A subsequent tenant may be able to arrange a longer lease. A rocked area is located on the east side of the building.
Key Highlights
- 1,950 SF of warehouse space
- Two overhead doors
- Available for sublease January 1, 2027, through December 31, 2027; a longer lease may be arranged
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,679
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,580
$273.6K
Cap Rate 7%
$195,414
$195.4K
Cap Rate 9%
$151,989
$152.0K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$17.6K $9.00/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$16.1K $8.25/SF
− OpEx
−$2.4K −$1.24/SF
NOI
$13.7K $7.02/SF
Area
Reno County, KS
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,580
Cap Rate 7%
$195,414
Cap Rate 9%
$151,989
Alternative Uses
Best Use
Warehouse
$195.4K
$171.0K – $228.0K
NOI $13,679 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,631 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67501, KS
24,779
Population
11,075
Households
2.2
Avg Household Size
37
Median Age
11%
College-Educated
85%
High-School Grad
188.0 sq mi
ZIP Area
132
Density / Sq Mi
$50,069
Median Household Income
$29,008
Median Earnings
$865
Median Rent
$86,300
Median Home Value
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Market
Properties on Market for Warehouses in Reno County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- American Pride Storage — 103 W Ave B, Hutchinson, KS 67501
- Storage Downtown — 311 W 2nd Ave, Hutchinson, KS 67501
Frequently Asked Questions
What type of property is this?
Warehouse - A one-year sublease offers warehouse space with natural gas available and concrete flooring.
Where is this warehouse located?
The property is located at 121 E 4th Ave Hutchinson, KS.
What are key features of this property?
This property features: 1,950 SF of warehouse space; Two overhead doors; Available for sublease January 1, 2027, through December 31, 2027; a longer lease may be arranged
