Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    31550 Chieftain Dr Logan, OH 43138-9087

    • Grocery and convenience stores
    • 57,450 SF
    • 7.07 lot acres
    OFF-MARKET
    Value Estimations
    $5,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5163606
    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

    • Western Union / Money Transfer Service
    • ATM / Atm
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Kroger Pharmacy / Pharmacy
    • KrogerColumbus0542 / Electronics Vending Machine

    Property Details for 31550 Chieftain Dr

    Lot size
    7.07 lot acres
    Property size
    57,450 SF
    Property type
    Grocery and convenience stores
    APN
    04-002688.0104
    APU
    40026880104

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,009,000
      Market price range: $1.41M - $5.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,820,000
      Current use
      AUTO REPAIR, GARAGE
      $6,345,000
      Change: +66% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,935,000
      Change: +29% Conversion: Easy
      RESTAURANT
      $3,870,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $3,265,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Logan
    County
    Hocking
    State
    Ohio
    Longitude
    -82.4339
    Latitude
    39.546
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN 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
    $39,778
    $101,500
    $737,900
    $839,400
    -
    $290,000
    $2,108,290
    $2,398,290

    Comparable in this City

    • Value Estimation
      $1,335,000
      30,337 SF

      35107 Hocking Dr

      GROCERY, SUPERMARKET • 30,337 SF
      35107 Hocking Dr, Logan, OH 43138-1692
      View Details
    • Value Estimation by Request
      0.20 Acres

      67 Frnt St

      GROCERY, SUPERMARKET • 0.20 Acres
      67 Frnt St, Logan, OH 43138-1246
      View Details
    • Value Estimation by Request

      2 Main St

      RETAIL STORES (PERSONAL SERVICES)
      2 Main St, Logan, OH 43138-1256
      View Details
    • Value Estimation by Request
      0.49 Acres

      Chieftain Dr At State Rte 664th N

      RETAIL STORES (PERSONAL SERVICES) • 0.49 Acres
      Chieftain Dr At State Rte 664th N, Logan, OH 43138
      View Details
    • Value Estimation by Request

      Logan, OH 43138

      SHOW ROOM, WAREHOUSE
      Logan, OH 43138
      View Details
    • Value Estimation by Request

      145 Main St

      RETAIL STORES (PERSONAL SERVICES)
      145 Main St, Logan, OH 43138-1605
      View Details

    Similar Nearby for Sale

    • $450,000
      2,300 SF

      Established Auto Shop in Logan

      60+ year auto service center with real estate for sale.
      71 E 2Nd St, Logan, OH 43138
      View Details
    • $374,222
      16,000 SF

      Historic Logan, OH Gem

      Prime Hocking Hills Location, Huge Potential
      54 Main St, Logan, OH 43138
      View Details
    • $180,000
      13.57 Acres

      Hocking Hills Wooded Acreage

      Two parcels totaling 13.57 acres in Logan, Ohio.
      9847 Stage Rd, Logan, OH 43138
      View Details
    • $379,900
      4,740 SF

      Logan Mixed-Use Property - 2 Acres

      Spacious mixed-use building, ample land, great location.
      38575 Davis Chapel Rd, Logan, OH 43138
      View Details
    • $150,000
      2.40 Acres

      Land Near Old Man's Cave

      Land for custom cabin near Hocking Hills attractions.
      Strong Rd, Logan, OH 43138
      View Details
    • $995,000
      39.50 Acres

      39.5 Acres in Hocking County

      Unsurveyed land in Hocking County, ideal for recreation or development.
      Pleasant Valley Rd, Logan, OH 43138
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,530 SF

      Aldi Outparcel: Logan County Land

      Prime Commercial Land, High Traffic Area
      62 Hocking Mall, Logan, OH 43138
      View Details
    • Contact for pricing
      100,886 SF

      Hocking Mall Retail Space Available

      Grocery-anchored retail space in Logan, OH
      62-150 Hocking Mall, Logan, OH 43138
      View Details
    • Contact for pricing
      3,500 SF

      Logan Retail Space Available

      Prime Retail Space, High Traffic Area
      375 Front St, Logan, OH 43138
      View Details
    • Contact for pricing
      133,000 SF

      133,000 SF Industrial Space Available

      133,000 SF industrial space for lease in Logan, Ohio.
      1689 E Front St, Logan, OH 43138
      View Details
    • $750 /Mo
      9,403 SF

      Downtown Logan Updated Office Suite

      Spacious 960 sq. ft. office suite in downtown Logan.
      49 E Hunter St, Logan, OH 43138
      View Details

    Property Visit Statistics

    • Visits by month
      94.6k
    • Visitors by month
      37.7k
    • Avg Time on site
      24 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31550 Chieftain Dr
    Logan, OH 43138-9087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.