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    Property profile & analytics

    287 Elam Rd Ray, OH 45672

    • Industrial properties
    • 11,200 SF
    • 12.27 lot acres
    For Sale
    View listing
    $2,499,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-5162742
    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

    • American Wood Fibers / Warehouse

    Property Details for 287 Elam Rd

    Year built
    1967
    Construction
    WOOD
    Lot size
    12.27 lot acres
    Property size
    11,200 SF
    Property type
    Industrial properties
    APN
    E080020012002
    APU
    E080020012002

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $365,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $350,000
      Mixed-Use
      $350,000
      Hospitality
      $355,000
      Educational
      $320,000
      Residential Income
      $305,000
      Energy
      $335,000
      Income-Based Land
      $285,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Jackson
    State
    Ohio
    Longitude
    -82.7629
    Latitude
    39.1923
    CBSA code
    27160
    CBSA name
    JACKSON, 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
    $7,265
    $37,140
    $135,710
    $172,850
    -
    $106,120
    $387,740
    $493,860

    Comparable in this City

    • Value Estimation
      $255,000
      14,000 SF

      404 Bronx Cor Rd

      MANUFACTURING (LIGHT) • 14,000 SF
      404 Bronx Cor Rd, Ray, OH 45672-9660
      View Details
    • Value Estimation by Request
      6.00 Acres

      Sour Run Rd

      VACANT COMMERCIAL LAND • 6.00 Acres
      Sour Run Rd, Ray, OH 45672
      View Details
    • Value Estimation
      $160,000
      2,400 SF

      1323 Brohard Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      1323 Brohard Rd, Ray, OH 45672-9649
      View Details
    • Value Estimation by Request

      1171 Brohard Rd Rd

      Land
      1171 Brohard Rd Rd, Ray, OH 45672
      View Details
    • Value Estimation by Request
      900 SF

      33821 Ponetown Rd

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      33821 Ponetown Rd, Ray, OH 45672-8961
      View Details
    • Value Estimation by Request

      Brohard Rd

      Land
      0 Brohard Rd, Ratcliffburg, OH 45672
      View Details

    Similar Nearby for Sale

    • $2,499,000

      Prime Ray, OH Warehouse - $2.49M

      Large Warehouse, Excellent Location, High Demand
      287 Elam Rd, Ray, OH 45672
      View Details
    • $950,000
      188.00 Acres

      Large Timber Tract For Sale

      188 acre hunting and timber property in Northern Jackson County.
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    • $2,499,000
      12.27 Acres

      Prime Ray, OH Warehouse - 12 Acres

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