Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Sherman St Hutchinson, KS 67501-7132
    Back to Search
    Property profile & analytics

    220 Sherman St, Hutchinson, KS 67501-7132

    View on Map
    • Office buildings
    • 15,024 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US33-0452107
    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.
    Value Estimations
    $1,510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Data Center Inc / Business Related

    Property Details for 220 Sherman St

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    1.04 lot acres
    Property type
    Office buildings
    APN
    126-13-0-10-25-007.00
    APU
    126130102500700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,549,000
      Market price range: $929k - $3.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,885,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,380,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $1,545,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.9269
    Latitude
    38.0526
    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
    $20,110
    $4,555
    $110,673
    $115,228
    -
    $18,220
    $442,690
    $460,910

    Comparable in this City

    • Value Estimation
      $3,625,000
      28,864 SF

      1 9th Ave

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

      1800 Essex Rd

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

      1600 Lorraine St

      OFFICE BUILDING
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details
    • Value Estimation
      $16,565,000
      131,869 SF

      1600 Lorraine St

      OFFICE BUILDING
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details
    • Value Estimation
      $1,425,000
      9,363 SF

      1600 Lorraine St

      OFFICE BUILDING
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details
    • Value Estimation
      $510,000
      3,112 SF

      1600 Lorraine St

      OFFICE BUILDING
      1600 Lorraine St, Hutchinson, KS 67501-5670
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      131,718 SF

      Downtown Multifamily and Mixed-Use Portfolio

      Historic Hutchinson properties with diversified income streams in revitalized corridor.
      17 E 2Nd Ave, Hutchinson, KS 67501
      View Details
    • Contact for pricing

      Unique Redevelopment Opportunity Available

      Redevelopment opportunity with highway access and development incentives possible.
      524 N Main St, Hutchinson, KS 67501
      View Details
    • Contact for pricing

      Out-Parcel Strip Center For Sale

      Out-parcel strip center anchored by major retailers.
      1600 E 11Th Ave, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      4,001 SF

      Office with Warehouse Space

      Versatile 4,000 SF office and warehouse space for lease.
      410 N Adams St, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      2,200 SF

      High-Traffic Shopping Center Space Available

      Retail and office spaces for lease in high-traffic Hutchinson center.
      510 E 17Th Ave, Hutchinson, KS 67501
      View Details
    • $420,000
      10.00 Acres

      Hutchinson Commercial Property with Shop

      4-acre build-ready site with shop, living quarters, loading dock.
      2405 E Wasp Rd, Hutchinson, KS 67501
      View Details

    Similar Nearby for Lease

    • New
      $1.00 SF/Yr

      Hutchinson Office/Warehouse Combo For Lease

      Office and warehouse space for lease in convenient Hutchinson location.
      706 W 2Nd Ave, Hutchinson, KS 67501
      View Details
    • $4,000 /Mo

      Hutchinson Commercial Space with Warehouse

      Professional office with climate-controlled warehouse space for lease.
      410 N Adams St, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      339,231 SF

      Industrial Facility in Hutchinson, Kansas

      Industrial office/warehouse/manufacturing facility for sale in Hutchinson, Kansas.
      100 S Halstead St, Hutchinson, KS 67501
      View Details
    • Sponsored
      Contact for pricing

      KS, Hutchinson - 23rd Ave

      Discover many ways to work your way in KS, Hutchinson - 23rd Ave
      1632 23Rd Ave, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Hutchinson, Kansas

      Retail space available with ample parking and pylon signage.
      1506 E 17Th Ave, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      2,240 SF

      Retail Space on Corner Location

      Corner retail space with ample parking and signage opportunities.
      1912-1920 E 17Th Ave, Hutchinson, KS 67501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 Sherman St
    Hutchinson, KS 67501-7132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 Sherman St, Hutchinson, KS, 67501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!