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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 Market112
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: Sep 7
Last Checked: Sep 8 at 3:55AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
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
Questions? Ask Rey
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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
