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

    624 30Th Ave Hutchinson, KS 67502

    • Banks
    • 2,652 SF
    • 0.83 lot acres
    For Sale
    View listing
    $595,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0373197
    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

    • RCB Bank / Bank / Atm
    • ATM / Atm

    Property Details for 624 30Th Ave

    Year built
    1974
    Construction
    FRAME
    Lot size
    0.83 lot acres
    Property size
    2,652 SF
    Property type
    Banks
    APN
    029-31-0-30-17-011.00
    APU
    29310301701100

    Description

    This exceptional 5,275 square foot Class B office building, located at 624 E 30th Ave in Hutchinson, Kansas, presents a unique investment opportunity. Previously occupied by a regional bank, this single-tenant property is situated on a 0.83-acre lot and offers significant potential for repurposing or redevelopment. The asking price is $595,000, translating to $112.80 per square foot. The building boasts ample parking with 27 spaces, including two designated handicap spaces. Its convenient location near the Kansas State Fairgrounds provides excellent visibility and accessibility. While the property's previous use was as a bank, the sale explicitly prohibits future use by banks or financial services companies. This opens the door to a variety of alternative uses, including office space, retail establishments, or restaurants. The property's size and location make it an attractive prospect for entrepreneurs and investors seeking a versatile commercial space in a thriving Kansas community. The address is 624 E 30th Ave, Hutchinson, KS 67502. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $348,000
      Market price range: $227k - $348k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $285,000
      Current use
      COMMERCIAL (GENERAL)
      $535,000
      Change: +90% Conversion: Difficult
      OFFICE BUILDING
      $315,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $280,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.9183
    Latitude
    38.0871
    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
    $24,866
    $28,750
    $121,603
    $150,353
    -
    $115,000
    $486,410
    $601,410

    Comparable in this City

    • Value Estimation
      $305,000
      2,601 SF

      2900 Main St

      FINANCIAL BUILDING • 2,601 SF
      2900 Main St, Hutchinson, KS 67502-3468
      View Details
    • Value Estimation
      $315,000
      3,085 SF

      829 30th Ave

      FINANCIAL BUILDING • 3,085 SF
      829 30th Ave, Hutchinson, KS 67502-4341
      View Details
    • Value Estimation
      $645,000
      5,726 SF

      1520 30th Ave

      FINANCIAL BUILDING • 5,726 SF
      1520 30th Ave, Hutchinson, KS 67502-1210
      View Details
    • Value Estimation
      $525,000
      560 SF

      900 23rd Ave

      FINANCIAL BUILDING • 560 SF
      900 23rd Ave, Hutchinson, KS 67502-5648
      View Details
    • Value Estimation
      $560,000
      5,937 SF

      601 30th Ave

      FINANCIAL BUILDING • 5,937 SF
      601 30th Ave, Hutchinson, KS 67502-8432
      View Details
    • Value Estimation
      $540,000
      7,971 SF

      2704 Lorraine St

      FINANCIAL BUILDING • 7,971 SF
      2704 Lorraine St, Hutchinson, KS 67502-4257
      View Details

    Similar Nearby for Sale

    • $1,100,000
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      Drive-Thru Restaurant on 30th Street

      Freestanding restaurant with drive-thru, high traffic location.
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    • $595,000
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      Prime Hutchinson Office Building

      5,275 SF Office, $595,000
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    • Contact for pricing
      1.26 Acres

      Hutchinson, KS Building Site

      1.26 acre building site with city utilities available.
      3206 Rowland St, Hutchinson, KS 67502
      View Details
    • $135,000
      1.07 Acres

      Commercial Land in Hutchinson, Kansas

      Three commercial lots totaling 1.07 acres in Hutchinson, Kansas.
      N Plum St, Hutchinson, KS 67502
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    • Contact for pricing
      0.63 Acres

      Hutchinson, KS Land For Sale

      Land available in Hutchinson, Kansas.
      Paganica Pass, Hutchinson, KS 67502
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    • $175,000
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      Hutchinson Office Building on Corner Lot

      Well-maintained office building on a high-visibility corner lot.
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    Similar Nearby for Lease

    • $1,928,000
      4,528 SF

      Retail Space in High-Traffic Area

      Retail space with excellent visibility and ample parking.
      1712 N Waldron St, Hutchinson, KS 67502
      View Details
    • $7 SF/Yr
      6,800 SF

      Retail Space Near 30th Avenue

      High-traffic retail space with 17' ceilings and ample parking.
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      View Details
    • $32 SF/Yr
      2,900 SF

      Retail Space in Busy Area

      Retail space for lease in a high-traffic commercial area.
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      View Details
    • $5 SF/Yr
      5,432 SF

      Hutchinson Office Space Available

      Flexible workspace solutions in Hutchinson, KS.
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      View Details
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    Hutchinson, KS 67502
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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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