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    Hutchinson Industrial Property on 1.99 Acres Title is generated by Realmo AI

    603 N Urban Dr, Hutchinson, KS 67501

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    For Sale
    $170,000

    COMMERCIAL - Hutchinson, KS

    Property size:
    3,000 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $56/SF
    Added:
    May 13, 2026
    Days on Market:
    4
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 603 N Urban Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    I2-Industrial District
    Standard status
    Active
    APN
    1211103016001000
    Size
    3,000 SF
    Lot size
    1.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3627

    Building Details

    Year built
    1955
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Tina Martinez

    Listing agent Tina Martinez License #SP00227201

    Listing office PLAZA/ASTLE REALTY 224 E 30th Ave, Hutchinson, KS

    Listing date May 13, 2026

    MLS# 54713

    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

    • 1.99 acres (2 lots) offering ample outdoor space
    • Main metal building (3,000 sq. ft., built in 2009) with electricity, lighting, and 12' overhead door
    • Multiple buildings including a large older 3,600 sq. ft. building, garage, and shed
    • Flexible space with both concrete and dirt flooring in the main building
    • Large 16' sliding doors for easy access to the main building
    • Suitable for warehouse, storage, shop, light industrial use, or business operations

    Overview

    This versatile industrial property in Hutchinson, Kansas, is suited for warehouse, storage, shop, or general business use. The property, situated on 1.99 acres comprising two lots, includes multiple buildings and provides ample space for equipment, inventory, vehicles, or expansion. The main metal building, constructed in 2009, features approximately 3,000 sq. ft., electricity, added lighting, a 12' overhead door, and large 16' sliding doors for accessibility. Approximately three-quarters of this building has concrete flooring, while the remaining portion offers a dirt floor suitable for additional storage or flexible use. The property also includes a 3,600 sq. ft. building, an additional garage structure, and a small round-top shed. This property is zoned I2-Industrial District and presents opportunities for contractors, storage needs, light industrial use, or business operations requiring multiple outbuildings and outdoor space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market

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

    Similar Places Nearby

    • Hutchinson - Central Prairie Co-op — 1200 W 4th Ave, Hutchinson, KS 67501
    • Hutchinson Self Storage — 801 Hendricks St, Hutchinson, KS 67501
    • Boulder Storage West — 1537 W 4th Ave, Hutchinson, KS 67501
    • Hutchinson Self Storage — 507 N Whiteside St, Hutchinson, KS 67501

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.955099
    Latitude
    38.060489

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    FAQs

    What type of property is this?
    Warehouse - Versatile industrial property with multiple buildings and ample outdoor space.
    Where is this warehouse located?
    The property is located at 603 N Urban Dr Hutchinson, KS.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: 1.99 acres (2 lots) offering ample outdoor space; Main metal building (3,000 sq. ft., built in 2009) with electricity, lighting, and 12' overhead door; Multiple buildings including a large older 3,600 sq. ft. building, garage, and shed
    (620) 200-5558
    We can help!
    Listing Contact
    Tina Martinez
    Real Estate License ID: SP00227201
    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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