Entity Owned Property summary
AI-generated overview
This fee-simple industrial property, located at 377 Gateway Dr, Chillicothe, OH 45601, presents a compelling investment opportunity. The 12,555 square foot distribution center sits on a 5.02-acre lot and is currently 100% occupied by FedEx, a credit-rated tenant with a strong commitment to the location. Built in 1990, the single-building property features 24 loading docks. The property is offered at $2,000,000, representing a price per square foot of $159.30 and a 6.20% cap rate, based on a Net Net (NN) lease structure with a current NOI of $124,200. The lease includes a 10-year extension with an 8% rental increase. Further lease options are available (see offering memorandum). This offering provides a stable, long-term income stream with minimal landlord responsibilities, backed by an investment-grade tenant in a strategically located Ross County market. The property is priced below replacement cost, making it an attractive investment for discerning buyers. The offering memorandum contains further details regarding rent bumps and lease options.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2000
Construction
STONE
Total area
2,400 SF
Lot
5.02 ac (218,671 SF)
APN
28-52-40-014.000
UPID
US66-5639720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trucking Company
-
Postal Service Courier Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
since 2025
Last sale
$1.9M
4 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.58M
Value range
$1.42M – $1.74M
±10% around blend
Estimated value / SF
$658 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$1.42M
blend $1.58M
$1.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,400 SF
Lot area
5.02 ac
Year built
2000
Stories
1
APN
28-52-40-014.000
Assessed value
$689,660
Annual tax
$29,449
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$170
+286%
Submarket 27 sales
$170
+286%
County 31 sales
$160
+311%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $658/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.90M
Move the market yield to see immediate price impact.
Value / SF
$792
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$120k
$2.39M
$1.71M
$1.33M
$133k
$2.66M
$1.90M
$1.48M
$146k
$2.93M
$2.09M
$1.63M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,449
Tax year 2023
Assessed value
$689,660
Assessed 2023
Previous assessed
$689,660
+0.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$57,100
Assessed improvement
$632,560
Land market value
$163,150
Improvement market value
$1,807,320
Total market value
$1,970,470
Applied tax rate
28.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Construction
STONE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,400 SF
Lot
5.02 ac (218,671 SF)
APN
28-52-40-014.000
UPID
US66-5639720
Jurisdiction
ROSS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
2000
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
5.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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