Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3476 Us Hwy 23 Chillicothe, OH 45601-9490
    Back to Search
    Property profile & analytics

    3476 Us Hwy 23, Chillicothe, OH 45601-9490

    View on Map
    • Retail space
    • 2,668 SF
    • 0.66 lot acres
    Off-Market
    Last Sale Oct 2, 2023
    $135,000
    Property ID
    US66-2896322
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3476 Us Hwy 23

    Year built
    2016
    Construction
    CONCRETE BLOCKS
    Lot size
    0.66 lot acres
    Property type
    Retail space
    APN
    17-14-14-028.000
    APU
    171414028000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2023 — Kristina Barker Austin Barker Intrafamily Transfer · related —
    Apr 22, 2019 $75,000 Austin Barker Mcwhorter,roger L Warranty Deed —
    May 15, 2017 $748,000 Catherine J Mcwhorter Roger L Mcwhorter Grant Deed · related —
    Jan 21, 2016 — Robert L Violette Mcwhorter Roger L Trust Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Ross
    State
    Ohio
    Longitude
    -82.9824
    Latitude
    39.226
    CBSA code
    17060
    CBSA name
    CHILLICOTHE, 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
    $967
    $2,190
    $18,050
    $20,240
    -
    $6,250
    $51,570
    $57,820

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      3216 Brg St

      RETAIL STORES (PERSONAL SERVICES)
      3216 Brg St, Chillicothe, OH 45601-9361
      View Details
    • Value Estimation by Request
      3,118 SF

      Cor Paint Wat

      RETAIL STORES (PERSONAL SERVICES)
      Cor Paint Wat, Chillicothe, OH 45601
      View Details
    • Value Estimation by Request
      792 SF

      98 2nd St

      RETAIL STORES (PERSONAL SERVICES)
      98 2nd St, Chillicothe, OH 45601-3110
      View Details
    • Value Estimation by Request
      944 SF

      15194 Pleasant Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      15194 Pleasant Vly Rd, Chillicothe, OH 45601-4029
      View Details
    • Value Estimation by Request
      1,520 SF

      4344 Us Hwy 23

      RETAIL STORES (PERSONAL SERVICES)
      4344 Us Hwy 23, Chillicothe, OH 45601
      View Details
    • Value Estimation by Request
      2,401 SF

      74-76 Water

      RETAIL STORES (PERSONAL SERVICES)
      74-76 Water, Chillicothe, OH 45601
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on Bridge Street

      NNN lease opportunity in Chillicothe, with high visibility.
      27 Bridge St, Chillicothe, OH 45601
      View Details
    • Contact for pricing
      1.35 Acres

      Prime Retail Ground Lease Opportunity

      1.35 acre commercial land in high-traffic retail corridor.
      1487 Bridge St, Chillicothe, OH 45601
      View Details
    • $214,900
      2,200 SF

      Downtown Chillicothe Mixed-Use Investment

      Versatile building in historic Union Block with retail and residential potential.
      11 W 2Nd St, Chillicothe, OH 45601
      View Details
    • Contact for pricing
      72,010 SF

      Two-Tenant Retail Building For Sale

      Two-tenant retail building with long-term leases in Chillicothe, Ohio.
      1470 N Bridge St, Chillicothe, OH 45601
      View Details
    • $650,000

      Renovated Mixed-Use Building For Sale

      Renovated mixed-use building with high visibility and ample parking.
      7 Saint Andrews Blvd, Chillicothe, OH 45601
      View Details
    • Contact for pricing

      Prime Retail Site on Western

      0.71-acre retail site with high traffic and visibility.
      1318 Western Ave, Chillicothe, OH 45601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Center Near I-35

      154,000 SF retail center near I-35 and Bridge Street.
      2-144 Consumer Center Dr, Chillicothe, OH 45601
      View Details
    • Contact for pricing

      Retail Power Center Space Available

      Prime retail space in regional shopping destination with excellent visibility.
      Seney Rd, Chillicothe, OH 45601
      View Details
    • Contact for pricing
      2,750 SF

      Downtown Retail Space Available

      Prime retail space in downtown Chillicothe with high visibility.
      23 N Bridge St, Chillicothe, OH 45601
      View Details
    • Contact for pricing

      1251 N Bridge St, Chillicothe, OH 45601

      Commercial land
      1251 N Bridge St, Chillicothe, OH 45601
      View Details
    • Contact for pricing

      Retail Space in Chillicothe Hub

      Retail space available in high-traffic Chillicothe retail hub.
      1334 N Bridge St, Chillicothe, OH 45601
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease on North Bridge Street.
      159 At Seney Rd, Chillicothe, OH 45601
      View Details
    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.
    3476 Us Hwy 23
    Chillicothe, OH 45601-9490
    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

    Thank You for Inquiry
    3476 Us Hwy 23, Chillicothe, OH, 45601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!