Corner Office Building with
For Sale
$475,000
553 W 4th St, Chillicothe, OH 45601
Brick office property with flexible room configuration, accessible entry, and on-site surface parking near the OU campus.
Property Size3,850 SF
Price / SF$123.38
Days on Market65
Property Features for 553 W 4th St
General Information
Standard status
Active
Size
3,850 SF
Total Parking Spaces
37
Taxes and HOA fees
Annual Taxes
$5,615
Amenities
Partially finished walkout basement
Handicap accessible
Building Details
Buildings
1
Construction
brick
Listing Agency:
First Group Realty
(740) 775-0000
Listed By:
James Delong
(740) 649-2316
Source:
Exprealty
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 19 at 12:19PM
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 First Group Realty
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Investment Insights
Based on property information with market context.
This 3,850-square-foot brick office building occupies the corner of Pohlman and 4th Streets in Chillicothe. The interior includes one expansive room, 10 office or conference rooms, and a partially finished walkout basement. Handicap accessibility supports a range of office users, while four newer furnaces and four central air units provide building systems for the existing layout.
A blacktop parking lot offers 37 spaces. The property is located across from the OU campus and was previously used as a church, with a configuration that includes both open and divided areas. Its address is 553 W 4th St, Chillicothe, OH.
A blacktop parking lot offers 37 spaces. The property is located across from the OU campus and was previously used as a church, with a configuration that includes both open and divided areas. Its address is 553 W 4th St, Chillicothe, OH.
Key Highlights
- 3,850‑square‑foot brick office building at the corner of Pohlman and 4th Streets
- 10 office or conference rooms plus one large open room
- Partially finished walkout basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,868
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,360
$737.4K
Cap Rate 7%
$526,686
$526.7K
Cap Rate 9%
$409,644
$409.6K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$61.4K $15.96/SF
− Vacancy
−$12.3K −$3.19/SF
EGI
$49.2K $12.77/SF
− OpEx
−$12.3K −$3.19/SF
NOI
$36.9K $9.58/SF
Area
Ross County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,360
Cap Rate 7%
$526,686
Cap Rate 9%
$409,644
Alternative Uses
Best Use
Office B
$526.7K
$460.9K – $614.5K
NOI $36,868 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,857 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Brick office property with flexible room configuration, accessible entry, and on-site surface parking near the OU campus.
Where is this office building located?
The property is located at 553 W 4th St Chillicothe, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,850‑square‑foot brick office building at the corner of Pohlman and 4th Streets; 10 office or conference rooms plus one large open room; Partially finished walkout basement
