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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Bars & Pubs
27 2nd St Chillicothe, OH 45601-3111
Entity Owned
~
Est. High Equity
Property ID
US66-3181569
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1925
Construction
STONE
Total area
4,050 SF
Lot
0.44 ac (19,201 SF)
APN
30-53-04-052.000
UPID
US66-3181569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Beautifully Stained Tattoo & Piercing Shop
-
Nikki Boggs Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
-
Om Shanti Therapeutic Yoga Alternative Medicine Practice Spa & Massage Center
-
The Ink Loft Medical Clinic Skin Care Clinic
-
The Image Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$750k
Owner & transaction history
J & L Robinson Holdings LLC
J & L Robinson Holdings LLC
since 2025
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chillicothe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chillicothe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$610,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$665,000
Current use
OFFICE BUILDING
$690,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$615,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $810k (May 1 2025)
Last sale anchor
$810k
May 1 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$185 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,397
Tax year 2023
Assessed value
$227,500
Assessed 2023
Previous assessed
$227,500
+0.0% YoY
Effective rate
5.89%
On assessed value
Assessed land
$18,780
Assessed improvement
$208,720
Land market value
$53,660
Improvement market value
$596,340
Total market value
$650,000
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1925
Construction
STONE
Heating
NONE
Stories
1
Total area
4,050 SF
Lot
0.44 ac (19,201 SF)
APN
30-53-04-052.000
UPID
US66-3181569
Jurisdiction
ROSS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$665,000
OFFICE BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$615,000
RESTAURANT Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
STONE
Heating
NONE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
J & L Robinson Holdings LLC
Entity
Mailing address
5540 3RD LCKS RD, CHILLICOTHE, OH 45601-8976
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$810,000
J & L Robinson Holdings LLC
C Walters Investments LLC
Warranty Deed
—
Jul 8, 2022
—
C Walters Investments LLC
—
Deed
related
$95,557 · First State Bank
Apr 5, 2022
—
C Walters Investments LLC
—
Deed
related
$520,000 · First State Bank
Jun 2, 2020
$650,000
W Walters Investments LLC
Landmark Properties Group LLC
Warranty Deed
$520,000 · The Ohio Valley Bank Company
Sep 9, 2016
—
Landmark Properties Group LLC
—
Deed
related
$480,000 · First State Bank
May 30, 2014
$295,000
Landmark Properties LLC
Nianouris,david
Grant Deed
—
—
—
3-way INC
—
Deed Of Trust
related
$489,600 · Wesbanco Bank INC
—
—
3-way INC
—
Deed Of Trust
related
$75,500 · Citizens National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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