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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Main St. & Des Moines Ave Sec South Hutchinson, KS 67505

    • Retail properties
    For Sale
    View listing
    $299,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Main St. & Des Moines Ave Sec

    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional 37,462 square foot commercial land parcel presents a remarkable investment opportunity in South Hutchinson, Kansas. Strategically located at the intersection of Main Street and Des Moines Avenue, this C-2 zoned property boasts unparalleled visibility due to its proximity to the convergence of US Highway 50 and K-14 highway. The high-traffic area ensures significant exposure for any retail development. The site benefits from the presence of numerous large employers in close proximity, including Tyson Foods, Dillons, and Hutchinson Regional Medical Center, guaranteeing a substantial customer base. Established businesses in the immediate vicinity include Loves Truck Stop, Sonic, McDonald's, and the Hutchi Bell Hotel, creating a thriving commercial environment. The 2023 general property taxes amounted to $398.88. This prime location offers significant potential for a variety of retail uses, making it an attractive proposition for investors seeking a high-return investment in a dynamic and growing community. The asking price for this exceptional property is $299,000. Don't miss this chance to secure a prominent position in a bustling commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.9399
    Latitude
    38.0146

    Comparable in this City

    • Value Estimation
      $285,000
      1,917 SF

      328 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,917 SF
      328 Main St, South Hutchinson, KS 67505-1128
      View Details
    • Value Estimation
      $295,000
      600 SF

      108 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      108 5th Ave, South Hutchinson, KS 67505-1144
      View Details
    • Value Estimation
      $425,000
      3,468 SF

      700 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,468 SF
      700 Main St, South Hutchinson, KS 67505-1912
      View Details
    • Value Estimation
      $300,000
      480 SF

      402 Main St

      RETAIL STORES (PERSONAL SERVICES) • 480 SF
      402 Main St, South Hutchinson, KS 67505-1126
      View Details
    • Value Estimation
      $290,000
      1,920 SF

      915 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      915 Main St, South Hutchinson, KS 67505-1017
      View Details
    • Value Estimation
      $340,000
      9,542 SF

      603 Poplar St

      RETAIL STORES (PERSONAL SERVICES) • 9,542 SF
      603 Poplar St, South Hutchinson, KS 67505-1015
      View Details

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    South Hutchinson, KS 67505
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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.

    More about this property
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