Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Fairgrounds Rd Chillicothe, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High visibility land ideal for commercial or mixed-use development.

    Type:LAND
    Lot size:
    9.06 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    415
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for Fairgrounds Rd

    General Information

    Standard status
    Active
    Lot size
    9.06 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Anthony Carosello

    Listing agent Anthony Carosello

    Listing office LOCATION. Commercial Real Estate

    Listing date Mar 10, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LOCATION. Commercial Real Estate

    Overview

    Prime Land Near Fairgrounds

    This property is situated on the northeast corner of Highway 104 and Fairgrounds Road, offering high visibility and accessibility. It is located near the Ross County Fairgrounds, which attracts over 100,000 visitors annually. The location provides excellent connectivity with close proximity to US-23, a major north-south corridor providing easy access to Columbus and surrounding areas. The property is ideal for commercial, retail, or mixed-use development with steady traffic from fairground events and highway commuters. Chillicothe has a growing economy with strong manufacturing, healthcare, and retail sectors, increasing demand for businesses and services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chillicothe
    County
    Ross
    State
    Ohio
    Longitude
    -83.0078
    Latitude
    39.4083

    Nearby Similar for Sale

    • $525,000

      Commercial Land in Bustling Corridor

      3.72-acre commercial parcel in Chillicothe's heart, primed for development.
      0 Pawnee Road, Chillicothe, OH 45601
      View Details
    • $169,900
      1,496 SF

      High-Traffic Commercial Property in Chillicothe

      Versatile commercial building on East Main Street with high visibility.
      945 E Main Street, Chillicothe, OH 45601
      View Details
    • $239,000

      Mixed-Use Asset in Chillicothe, OH

      Versatile mixed-use property with income potential and repositioning opportunities.
      83-85 Main Street, 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 Street, Chillicothe, OH 45601
      View Details
    • $9,833

      Prime Retail Ground Lease Opportunity

      1.35 acre commercial land in high-traffic retail corridor.
      1487 Bridge Street, Chillicothe, OH 45601
      View Details
    • $990,000

      Ross County Vacant Land Opportunity

      Large tract of land known for trophy whitetail deer.
      0 Baptist Hill Rd, Chillicothe, OH 45601
      View Details
    • $325,000

      Commercial Land on US-23

      7.86 acre commercial parcel with high visibility on US-23.
      US-23, Chillicothe, OH 45601
      View Details
    • $350,000

      Versatile Land in Chillicothe, OH

      Land with commercial, agricultural, and subdivision potential.
      13223 Pleasant Valley Road, Chillicothe, OH 45601
      View Details
    • $950,000

      Versatile Land in Chillicothe, OH

      Multi-use land with road frontage and utilities in Chillicothe.
      13223 Pleasant Valley Road, Chillicothe, OH 45601
      View Details
    • $574,000
      2,400 SF

      Chillicothe Equestrian Estate For Sale

      11.8-acre mini equestrian estate near Chillicothe, Ohio.
      141 Delano Rd., Chillicothe, OH 45601
      View Details
    • $3,100

      Retail Space on Bridge Street

      NNN lease opportunity in Chillicothe, with high visibility.
      27 Bridge Street, 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

    FAQs

    What type of property is this?
    Land - High visibility land ideal for commercial or mixed-use development.
    Where is this land located?
    The property is located at Fairgrounds Rd Chillicothe, OH.
    What are key features of this property?
    This property features: Prime location on the northeast corner of Hwy 104 and Fairgrounds Rd, offering high visibility and accessibility.; Adjacent to the Ross County Fairgrounds, the 5th largest in Ohio, drawing over 100,000 visitors annually.; Excellent connectivity with close proximity to US‑23, providing easy access to Columbus and surrounding areas.
    (330) 732-7250 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Carosello
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!