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    Property profile & analytics

    20 2nd Ave Hutchinson, KS 67501-5246

    • Office buildings
    • 45,867 SF
    • 2.94 lot acres
    OFF-MARKET
    Value Estimation
    $1,010,000
    Location Intelligence
    Property ID
    US33-0549543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Data Center Inc. / Software Company
    • Banc of America Investment Services / Financial Planner
    • Holmberg Shannon L / Attorney
    • Ward Lisa M / Attorney
    • O'Neal Michael R / Attorney

    Property Details for 20 2nd Ave

    Year built
    1969
    Lot size
    2.94 lot acres
    Property size
    45,867 SF
    Property type
    Office buildings
    APN
    126-13-0-20-03-001.00
    APU
    126130200300100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,200,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $995,000
      Geo Method
      $1,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,015,000
      Retail
      $1,060,000
      Mixed-Use
      $1,080,000
      Hospitality
      $985,000
      Educational
      $1,320,000
      Residential Income
      $1,190,000
      Energy
      $1,310,000
      Income-Based Land
      $1,195,000
      Food Service
      $1,265,000

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.9327
    Latitude
    38.0557
    CBSA code
    26740
    CBSA name
    HUTCHINSON, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $105,607
    $77,445
    $564,355
    $641,800
    -
    $309,780
    $2,257,420
    $2,567,200

    Comparable in this City

    • Value Estimation by Request
      2,508 SF

      2609 4th Ave

      OFFICE BUILDING • 2,508 SF
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    • Value Estimation by Request
      28,864 SF

      1 9th Ave

      OFFICE BUILDING • 28,864 SF
      1 9th Ave, Hutchinson, KS 67501-6210
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    • Value Estimation by Request
      1,323 SF

      1800 Essex Rd

      OFFICE BUILDING • 1,323 SF
      1800 Essex Rd, Hutchinson, KS 67501-8513
      View Details
    • Value Estimation by Request
      804 SF

      1600 Lorraine St

      OFFICE BUILDING • 804 SF
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details
    • Value Estimation by Request
      131,869 SF

      1600 Lorraine St

      OFFICE BUILDING • 131,869 SF
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details
    • Value Estimation by Request
      9,363 SF

      1600 Lorraine St

      OFFICE BUILDING • 9,363 SF
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details

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    Similar Nearby for Lease

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    • $13 SF/Yr
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      Downtown Hutchinson Retail/Office Space

      Prime retail/office space in the heart of Downtown Hutchinson.
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    20 2nd Ave
    Hutchinson, KS 67501-5246
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    Realmo Value Estimation

    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.

    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.

    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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