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    Property profile & analytics

    143 Chillicothe Ave Bellefontaine, OH 43311-1472

    • Office buildings
    • 2,044 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    10%
    Office buildings
    Location Intelligence
    Property ID
    US66-4856086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Zimmerman Realty Ltd / Real Estate Agency / Commercial Real Estate Agency
    • Doug Zimmerman, Zimmerman Realty Ltd / Real Estate Agent
    • Nationwide Insurance: Jeffrey L Erwin / Renter'S Insurance Agency / Insurance Agency
    • Kyle Springs- Zimmerman Realty Ltd / Real Estate Agent

    Property Details for 143 Chillicothe Ave

    Year built
    1958
    Lot size
    0.28 lot acres
    Property size
    2,044 SF
    Property type
    Office buildings
    APN
    17-091-16-02-001-000
    APU
    170911602001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $250,000
      6.5%
      $255,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $235,000
      Mixed-Use
      $240,000
      Hospitality
      $280,000
      Educational
      $290,000
      Residential Income
      $240,000
      Energy
      $230,000
      Income-Based Land
      $230,000
      Food Service
      $290,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.7616
    Latitude
    40.3594
    CBSA code
    13340
    CBSA name
    BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,928
    $9,640
    $49,390
    $59,030
    -
    $27,530
    $141,100
    $168,630

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      180 Reynolds Ave

      OFFICE BUILDING • 0.17 Acres
      180 Reynolds Ave, Bellefontaine, OH 43311-3004
      View Details
    • Value Estimation
      $55,000
      1,040 SF

      905 Main St

      OFFICE BUILDING • 1,040 SF
      905 Main St, Bellefontaine, OH 43311-2310
      View Details
    • Value Estimation
      $375,000
      1,596 SF

      1653 Us Hwy 68th N

      OFFICE BUILDING • 1,596 SF
      1653 Us Hwy 68th N, Bellefontaine, OH 43311-9300
      View Details
    • Value Estimation
      $455,000
      6,000 SF

      2527 Us Hwy 68th S

      OFFICE BUILDING • 6,000 SF
      2527 Us Hwy 68th S, Bellefontaine, OH 43311-9064
      View Details
    • Value Estimation
      $195,000
      1,630 SF

      649 Main St

      OFFICE BUILDING • 1,630 SF
      649 Main St, Bellefontaine, OH 43311-1725
      View Details
    • Value Estimation
      $230,000
      1,680 SF

      320 Main St

      OFFICE BUILDING • 1,680 SF
      320 Main St, Bellefontaine, OH 43311-1720
      View Details

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      Furnished Office Suite in Bellefontaine

      Furnished office suite with utilities and shared amenities included.
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      Furnished Office Space in Bellefontaine

      Furnished office space with utilities included in Bellefontaine, Ohio.
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      Downtown Bellefontaine Office Suite

      Serviced office space with amenities in historic downtown Bellefontaine.
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    143 Chillicothe Ave
    Bellefontaine, OH 43311-1472
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    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.

    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
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