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    Skateland Rink Building For Sale Title is generated by Realmo AI

    3101 N Lorraine St, Hutchinson, KS 67502

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    For Sale
    $450,000

    SINGLE_FAMILY - Hutchinson, KS

    Type:Retail
    Property size:
    15,200 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $29/SF
    Added:
    Feb 16, 2026
    Days on Market:
    89
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 3101 N Lorraine St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C3-Outdoor Commercial Di
    Parking features
    Parking Lot
    Basement
    Crawl Space
    Standard status
    Active
    APN
    0293104014015000
    Size
    15,200 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12162

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1978
    Flooring type
    Concrete, Carpet
    Building materials
    Block
    Roof type
    Composition

    We can help!

    Listing Contact
    MARIBETH REIMER

    Listing agent MARIBETH REIMER

    Listing office Landmark Commercial Real Estate KS

    Listing date Feb 16, 2026

    MLS# 54155

    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

    • Prime Location: High‑traffic area off East 30th and Lorraine, near major retailers.
    • Large 15,200 sq ft Building: Spacious open area.
    • Flexible C‑3 Zoning: Allows for general retail, services, restaurants, and offices.
    • Substantial Parking: Almost 1/2 acre of asphalt paved parking lot.
    • High Ceilings: 16‑foot ceiling height.
    • Well‑Maintained Building: Suggests good condition.

    Overview

    This 15,200 square foot building, formerly a skating rink, is available for sale. It is located off the high-traffic corner of East 30th and Lorraine in Hutchinson, directly north of Atwoods and Kwik Shop. Traffic counts for 30th and Lorraine are approximately 32,000 daily per KDOT. The building features a large open area previously used as a skating rink, a small office with a private bathroom, and public restrooms. The property includes an asphalt-paved parking lot on almost half an acre. The building has a 16-foot ceiling height and is described as well-cared for. Zoned C-3, the property allows for general retail, personal professional services, restaurants and eating establishments, and business, professional, and financial offices. Additional uses may be permitted by conditional or special use, subject to design requirements. Nearby businesses include Atwoods, Kwick Shop, Meineke, Budget Car Rental, Midway Motors, Dollar General, Crossroad Church, Allen Samuels Auto Dealer, Enterprise Car Rental, ProValue Insurance, Wheat State Retail Center, Community National Bank, and Dillons Marketplace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Skateland Family Fun ... Sports Field & Court

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.904719
    Latitude
    38.089083

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    FAQs

    What type of property is this?
    Skating rink - 15,200 SF skating rink building with prime location.
    Where is this skating rink located?
    The property is located at 3101 N Lorraine St Hutchinson, KS.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime Location: High‑traffic area off East 30th and Lorraine, near major retailers.; Large 15,200 sq ft Building: Spacious open area.; Flexible C‑3 Zoning: Allows for general retail, services, restaurants, and offices.
    (620) 727-7806
    We can help!
    Listing Contact
    MARIBETH REIMER
    Learn More
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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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