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    287 Elam Rd Ray, OH 45672

    For Sale
    $2,499,000

    Large Warehouse, Excellent Location, US-35/23 Access

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    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 Features for 287 Elam Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    534,481 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Wood Fibers Warehouse

    Map

    City
    Ray
    County
    Jackson
    State
    Ohio
    Longitude
    -82.76308
    Latitude
    39.1923

    Nearby Comparable

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    FAQs

    What type of property is this?
    Commercial real estate - Large Warehouse, Excellent Location, US-35/23 Access
    Where is this commercial real estate located?
    The property is located at 287 Elam Rd Ray, OH.
    What is the asking price?
    The asking price for this property is $2,499,000.
    (614) 428-7444
    Request Owner's contact information
    287 Elam Rd Ray, OH 45672
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    Realmo Value Estimation

    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.

    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.

    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
    287 Elam Rd Ray, OH 45672
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