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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
220 Washington St, Hutchinson, KS 67501-5438
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0308492
Property summary
AI-generated overview
This Hutchinson, Kansas industrial property, located at 220 S Washington St, offers 16,632 square feet of versatile flex and warehouse space for $299,000. Built in 1935, the building features approximately 2,000 square feet of office space including a retail showroom, ADA-compliant bathrooms, and a break room. The warehouse boasts 16-foot ceilings, two overhead doors (one 12'x14' with an attached cement dock), and 3-phase power (400 amp/250 volt). A fenced yard provides ample outside storage, complemented by an on-site storm shelter. The C5 zoning allows for a wide range of potential uses. This property enjoys a prime location, conveniently situated off West Avenue B and Washington Street, approximately five miles from KS Hwy 50/61 and KS Hwy 96. Nearby businesses include Tyson, Gun Bros, WoodWork Manufacturing, and City of Hutchinson offices. The 32,670 square foot lot offers significant potential. This is an exceptional opportunity to acquire a well-maintained and strategically located industrial property in a thriving area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1935
Total area
16,632 SF
Lot
0.75 ac (32,670 SF)
APN
126-13-0-30-01-005.00
UPID
US33-0308492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$565k
Owner & transaction history
SHAR II
SHAR II
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hutchinson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hutchinson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$34 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,837
Tax year 2023
Assessed value
$35,256
Assessed 2023
Previous assessed
$33,576
+5.0% YoY
Effective rate
16.56%
On assessed value
Assessed land
$16,643
Assessed improvement
$18,613
Land market value
$66,570
Improvement market value
$74,450
Total market value
$141,020
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1935
Heating
SPACE
Cooling
AC.PACKAGE
Total area
16,632 SF
Lot
0.75 ac (32,670 SF)
APN
126-13-0-30-01-005.00
UPID
US33-0308492
Jurisdiction
RENO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Heating
SPACE
Cooling
Yes
Lot
0.75 ac
Current owner
From public records · entity-resolved
SHAR II
Individual
Free & Clear · 0 yrs held
Mailing address
3125 MARQUITA DR, FORT WORTH, TX 76116-5118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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