Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14839 Westfall Rd, Unit 10 Chillicothe, OH 45601

    Sponsored
    For Sale
    $120,000

    Vacant Land - Chillicothe, OH

    Lot size:
    5.50 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 23 at 4:06 am

    Property Features for 14839 Westfall Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    5.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Oliver Parker

    Ohio Land Sales (740) 352-3691

    Listing agent Oliver Parker (866) 341-5263

    Listing date Jan 12, 2026

    MLS# 11629178 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Buildable Land in Chillicothe, Ohio

    This 5.5-acre lot is flat and buildable, suitable for residential construction. Located off Westfall Road, Lot 10 has access to electric and county water. Situated within the Adena school district, the property is approximately a 15-minute commute to Chillicothe and 45 minutes to Grove City/Columbus. The boundary lines are currently being surveyed, and the boundary lines on the marketing photographs are approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Ross
    State
    Ohio
    Longitude
    -83.106452
    Latitude
    39.460948

    Nearby Similar for Sale

    • $595,000
      2,400 SF

      Chillicothe Equestrian Estate For Sale

      Mini equestrian estate featuring a family home and horse barn.
      141 Delano Rd, Chillicothe, OH 45601
      View Details
    • $150,000

      Historic Downtown Chillicothe Commercial Building

      Three-story commercial building in historic downtown Chillicothe, Ohio.
      20 E Main St, Chillicothe, OH 45601
      View Details
    • $399,999

      Cozy Inn Bar & Grill

      Iconic Chillicothe bar and grill with loyal customer base.
      339 Western Ave, Chillicothe, OH 45601
      View Details
    • $169,900
      Pending

      High-Traffic Commercial Property in Chillicothe

      Versatile commercial building on East Main Street with high visibility.
      945 E Main St, Chillicothe, OH 45601
      View Details
    • $550,000
      5,244 SF

      Main Street Investment Opportunity

      High-visibility commercial building with established tenants in a prime location.
      946-954 E Main St, Chillicothe, OH 45601
      View Details
    • $214,900
      2,200 SF

      Downtown Chillicothe Mixed-Use Building

      Versatile building in historic downtown Chillicothe with retail and residential/office potential.
      13 W 2Nd St, Chillicothe, OH 45602
      View Details
    • $214,900
      2,200 SF

      Downtown Chillicothe Mixed-Use Investment

      Versatile building in historic Union Block with retail and residential potential.
      11 W 2Nd St, Chillicothe, OH 45601
      View Details
    • $1,295,000
      10,668 SF

      Versatile Commercial Property on US Route 50

      Commercial property with redevelopment potential on 2.54 acres.
      1075 Western Ave, Chillicothe, OH 45601
      View Details
    • $650,000
      4,832 SF

      Renovated Mixed-Use Building For Sale

      4,832 SF renovated mixed-use building with commercial zoning.
      7 Saint Andrews Blvd, Chillicothe, OH 45601
      View Details
    • $2,552,631
      2,325 SF

      New Chipotle with Drive-Thru

      New Chipotle with drive-thru in growing Ross County.
      6 St Andrews Blvd, Chillicothe, OH
      View Details
    • $300,000
      1,848 SF

      Renovated Commercial Property on Western

      Renovated 1,848 SF commercial property on busy Western Ave.
      2111 Western Ave, Chillicothe, OH 45601
      View Details
    • $5,801,000
      72,010 SF

      Two-Tenant Retail Building For Sale

      Two-tenant retail building with long-term leases in Chillicothe, Ohio.
      1470 N Bridge St, Chillicothe, OH 45601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.5 acres of flat, buildable land ready for development.
    Where is this residential land & home lot located?
    The property is located at 14839 Westfall Rd, Unit 10 Chillicothe, OH.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - 5.5 acres of flat, buildable land; - Electric and county water available; - Located in Adena school district
    (740) 672-0738
    Request Owner's contact information
    14839 Westfall Rd, Unit 10 Chillicothe, OH 45601
    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.
    14839 Westfall Rd, Unit 10
    Chillicothe, OH 45601
    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
    14839 Westfall Rd, Unit 10 Chillicothe, OH 45601
    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

    We can help!
    Listing Contact
    Oliver Parker
    (740) 672-0738
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.