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    High-Traffic Retail Space Available Title is generated by Realmo AI

    1223 E 30th Ave, Hutchinson, KS 67502

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    For Lease
    $1.00 SF/Yr $566/Mo (calc)

    COMMERCIAL - Hutchinson, KS

    Type:Retail
    Property size:
    6,800 SF
    Added:
    Jun 1, 2025
    Days on Market:
    367
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 1223 E 30th Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    C4-Special Commercial Di
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    07813306010001002000
    Size
    6,800 SF

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1987
    Building materials
    Stucco
    Roof type
    Asphalt

    We can help!

    Listing Contact
    MARIBETH REIMER

    Listing agent MARIBETH REIMER

    Listing office Landmark Commercial Real Estate KS

    Listing date Jun 1, 2025

    MLS# 52759

    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.

    HighLights

    • High‑traffic location at the corner of East 30th and Lorraine with excellent visibility.
    • 6800 SF retail space suitable for showroom, storage, or other uses.
    • Ample parking with a parking lot in front and on the south side of the building.
    • Located near major retailers and businesses including Atwoods, Kwik Shop, Enterprise Car Rental, and Dillons Marketplace.
    • High ceilings providing a spacious interior.
    • NNN lease at $7.00 PSF.

    Overview

    This 6800 square foot retail space is available for lease in a high-traffic area of Hutchinson, Kansas. Situated just off the corner stoplight of East 30th and Lorraine, the location benefits from significant traffic counts. The property features high ceilings and ample room for a retail showroom and storage area. A parking lot is located in front of the building, with additional parking available on the south side. The property is zoned C4-Special Commercial Di. Neighboring businesses include Meineke and Budget Car Rental, Atwoods, Kwik Shop, Enterprise Car Rental, Imperial Garden Restaurant, Allen Samuels Car Dealership, Poorman's Auto, Luxury & Imports Car Dealership, Midway Motors, ProValue, Daylight Donuts, UPS Store, and Dillons Marketplace. A 36-month lease is preferred.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meineke Car Care ... Auto Repair Shop Budget Car Rental Car Rental Facility Intoxalock Ignition Interlock Building Supply

    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
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.905422
    Latitude
    38.086059

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    FAQs

    What type of property is this?
    Retail space - 6800 SF retail space in high-traffic Hutchinson location.
    Where is this retail space located?
    The property is located at 1223 E 30th Ave Hutchinson, KS.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location at the corner of East 30th and Lorraine with excellent visibility.; 6800 SF retail space suitable for showroom, storage, or other uses.; Ample parking with a parking lot in front and on the south side of the building.
    (620) 727-7806
    We can help!
    Listing Contact
    MARIBETH REIMER
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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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