Retail Showroom With
For Sale
Contact for pricing
304 E Main St, Chillicothe, OH 45601
Updated showroom includes a private office, additional room, and two storage spaces.
Property Size1,203 SF
Price / SF$0.71
Days on Market121
Property Features for 304 E Main St
General Information
Standard status
Active
Size
1,203 SF
Building Details
Year Built
1953
Listing Agency:
Stephen A. Madru Realty
Listed By:
Stephen Madru
(740) 775-1776
Source:
Thetomlinson
Added: Jun 22
Changed: Oct 6
Last Checked: Oct 7 at 4:41PM
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 Stephen A. Madru Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a vacant retail showroom that has recently been updated with vinyl plank flooring in the 20 x 32 showroom area. The interior layout includes a 15.5 x 8.5 office, an 11 x 15 room, and two storage rooms measuring 12.5 x 12.5 and 10.5 x 10.5, providing dedicated space for back-of-house storage.
The unit is set up for immediate occupancy.
The unit is set up for immediate occupancy.
Key Highlights
- Recently updated 20x32 showroom with vinyl plank flooring
- Includes a 15.5x8.5 private office
- Also includes an 11x15 room plus two storage rooms (12.5x12.5 and 10.5x10.5)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,927
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,540
$178.5K
Cap Rate 7%
$127,529
$127.5K
Cap Rate 9%
$99,189
$99.2K
Market Conditions
NOI Build-Up for 1,203 SF
Gross rent
$13.3K $11.04/SF
− Vacancy
−$531 −$0.44/SF
EGI
$12.8K $10.60/SF
− OpEx
−$3.8K −$3.18/SF
NOI
$8.9K $7.42/SF
Area
Ross County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,540
Cap Rate 7%
$127,529
Cap Rate 9%
$99,189
Alternative Uses
Best Use
Retail
$127.5K
$111.6K – $148.8K
NOI $8,927 @ 7.0% cap · market cap 1,050.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.1K
$198.7K – $264.9K
NOI $15,894 @ 7.0% cap · market cap 1,869.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45601, OH
56,849
Population
23,358
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
348.7 sq mi
ZIP Area
163
Density / Sq Mi
$57,430
Median Household Income
$39,973
Median Earnings
$858
Median Rent
$160,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Showroom - Updated showroom includes a private office, additional room, and two storage spaces.
Where is this showroom located?
The property is located at 304 E Main St Chillicothe, OH.
What are key features of this property?
This property features: Recently updated 20x32 showroom with vinyl plank flooring; Includes a 15.5x8.5 private office; Also includes an 11x15 room plus two storage rooms (12.5x12.5 and 10.5x10.5)
