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Property profile & analytics
FOR SALE
Industrial properties

287 Elam Rd Ray, OH 45672

11,200 SF 12.27 ac lot Built 1967
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-5162742
Property summary
AI-generated overview

This exceptional 12.27-acre property in Ray, Ohio, presents a substantial warehouse opportunity. Strategically located with excellent access to both US-35 and US-23, this site offers unparalleled connectivity between Chillicothe and Jackson, Ohio, ensuring efficient transportation and logistics. The warehouse itself is fully insulated and clean, providing a ready-to-use space for a variety of industrial or storage needs. While currently unheated, the building's infrastructure allows for the straightforward addition of a heating system, providing flexibility for future tenants. The expansive acreage offers ample room for expansion, with the potential for additional loading docks to be added, further enhancing operational efficiency. This property is ideal for businesses seeking a large, well-situated warehouse with significant growth potential in a convenient location. The asking price reflects the significant value and potential of this unique offering. The property's size and strategic location make it an attractive investment for businesses seeking a strong foothold in a rapidly developing area. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is offered as-is.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1967
Construction WOOD
Total area 11,200 SF
Lot 12.27 ac (534,459 SF)
APN E080020012002
UPID US66-5162742
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
Current use
Occupant on record · Public records
  • American Wood Fibers Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
Tna 2016 LLC · 1 yrs held
Tna 2016 LLC
since 2025
7 recorded transactions
2025
Price N/A
2018
Price N/A
2017
Price N/A
2015
$375,000
2009
Price N/A
2009
$60,000
2008
$3,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $865,000 +69.4%
Medical building $860,000 +68.2%
Retail stores $810,000 +59.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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