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1420 North Lorraine Street, Hutchinson, KS 67501
Three-story 67-room Days Inn & Suites by Wyndham property includes an outdoor pool and was renovated in 2009.
Property Size28,461 SF
Lot Size1.78 Acres
Price / SF$91.35
Days on Market158
Property Features for 1420 North Lorraine Street
General Information
Standard status
Active
Size
28,461 SF
Lot size
1.78 Acres
Property subtype
Hospitality
Zoning
C4
Additional Details
Business Included
Yes
Amenities
outdoor pool
Building Details
Year Built
1999
Year Renovated
2009
Stories
3
Listing Agency:
Century 21 Allstars
Listed By:
Silvestre Madrigal Jr. · License #01363650
Source:
Crexi
Added: May 20
Changed: Oct 9
Last Checked: Oct 23 at 6:50AM
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 Century 21 Allstars
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Investment Insights
Based on property information with market context.
Days Inn & Suites by Wyndham Hutchinson is a three-story, flagged hotel offering 67 guest rooms. The property is approximately 28,461 square feet and sits on 1.78 acres. Originally built in 1999 and renovated in 2009, the hotel features updated guest rooms and includes an outdoor pool.
The asset is located at 1420 N Lorraine St in Hutchinson, Kansas, and is described as positioned within a commercial corridor. The property is under C4 zoning, which is noted as providing flexibility for uses within that zoning classification.
The offering is presented as a hospitality investment opportunity with an existing brand identity and immediate operational presence.
The asset is located at 1420 N Lorraine St in Hutchinson, Kansas, and is described as positioned within a commercial corridor. The property is under C4 zoning, which is noted as providing flexibility for uses within that zoning classification.
The offering is presented as a hospitality investment opportunity with an existing brand identity and immediate operational presence.
Key Highlights
- 67‑room Days Inn & Suites by Wyndham hotel on a 1.78‑acre site
- Three‑story property with approximately 28,461 SF built in 1999
- Renovated in 2009 with updated guest rooms and an outdoor pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,172
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,163,440
$3.2M
Cap Rate 7%
$2,259,600
$2.3M
Cap Rate 9%
$1,757,467
$1.8M
Market Conditions
NOI Build-Up for 28,461 SF
Gross rent
$426.9K $15.00/SF
− Vacancy
−$93.9K −$3.30/SF
EGI
$333.0K $11.70/SF
− OpEx
−$174.8K −$6.14/SF
NOI
$158.2K $5.56/SF
Area
Reno County, KS
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,163,440
Cap Rate 7%
$2,259,600
Cap Rate 9%
$1,757,467
Alternative Uses
Best Use
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,172 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,281 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Hotel - Three-story 67-room Days Inn & Suites by Wyndham property includes an outdoor pool and was renovated in 2009.
Where is this hotel located?
The property is located at 1420 North Lorraine Street Hutchinson, KS.
What is the asking price?
The asking price for this property is $2,599,999.
What are key features of this property?
This property features: 67‑room Days Inn & Suites by Wyndham hotel on a 1.78‑acre site; Three‑story property with approximately 28,461 SF built in 1999; Renovated in 2009 with updated guest rooms and an outdoor pool
