Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office buildings
377 Gtwy Dr Chillicothe, OH 45601-3976
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-5639720
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
FedEx Freight Trucking Company
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Cpi Chillicothe One LLC · 1 yrs held
Cpi Chillicothe One LLC
since 2025
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,580,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.90M (Feb 27 2025)
Last sale anchor
$1.90M
Feb 27 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
$746 / 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
$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
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
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
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Cpi Chillicothe One LLC
Entity
Mailing address
2200 FORWARD DR, HARRISON, AR 72601-2004
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
$1,900,000
Cpi Chillicothe One LLC
William M Gardner
Deed
$1,121,000 · Woodforest National Bank
Mar 8, 2016
$1,971,200
William M Gardner
Arc Fecctoh001 LLC
Limited Warranty Deed
—
Jun 21, 2012
$1,566,500
Arc Fecctoh001 LLC
Setzer Investments #3 LLC
Special Warranty Deed
—
—
—
Setzer Investments 3 LLC
—
Deed Of Trust
related
$2,700,000 · Commonwealth 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 377 Gtwy Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
