Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 S Main Ripley, MS 38663

    View on Map
    Claim this Listing
    New
    For Sale
    $165,000

    Commerical Property - Ripley, MS

    Property size:
    4,098 SF
    Price / SF:
    $40/SF
    Added:
    Apr 15, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for 104 S Main

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    4,098 SF

    Taxes and HOA fees

    Tax Annual Amount
    2141.37

    Building Details

    Year renovated
    1931
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Settlemires
    Lisa Settlemires

    Listing agent Lisa Settlemires License #S-57737

    Listing office 1ST Class Realty, LLC 1411A City Ave. N., Ripley, MS 38663, Ripley, MS

    Listing date Apr 15, 2026

    MLS# 25-3936 Listing URL

    Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Office Building in Ripley

    This commercial property is located in downtown Ripley. The office building features original hardwood floors and exposed brick accent walls. Modern updates blend with the building's timeless charm. The upstairs area has its own separate entrance. The front office offers a second-floor view overlooking the Ripley Square. The property offers space for multiple opportunities in a revitalized downtown area. The property contains 4,098 square feet and is located in Tippah County, Mississippi.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Tippah
    State
    Mississippi
    Longitude
    -88.94933
    Latitude
    34.730253

    Nearby Similar for Sale

    • $725,000
      34,575 SF

      Ripley Commercial Property with Warehouse

      Commercial property featuring office and warehouse space on 4.88 acres.
      127 Kingsley Road, Ripley, MS 38663
      View Details
    • $349,000
      4,056 SF

      Turnkey Bar and Grill

      Fully furnished bar and grill ready for business, includes patio.
      229 Cotton Gin Road, Ripley, MS 38663
      View Details
    • $349,000
      17,832 SF

      Ripley Commercial Property on Main

      Commercial property suitable for retail, office, or warehousing in Ripley.
      205 S Main, Ripley, MS 38663
      View Details
    • $299,900
      4,250 SF

      Ripley Commercial Showroom and Shop

      4250 SF showroom and shop on 0.7 acres.
      10050 Highway 15 S, Ripley, MS 38663
      View Details
    • $800,000
      5,000 SF

      Boutique Hotel in Ripley, MS

      Boutique hotel with penthouse suite overlooking the square.
      113 N Main St., Ripley, MS 38663
      View Details
    • $895,000
      36,886 SF

      Dumas Mississippi Warehouse Opportunity

      Warehouse building in North East Mississippi for sale.
      561 Co Rd 740, Ripley, MS 38663
      View Details
    • $1,610,000
      3,716 SF

      Ripley, MS Jack's Restaurant

      3,716 SF Jack's Restaurant in Ripley, Mississippi for sale.
      200 City Ave S, Ripley, MS 38663
      View Details
    • $349,000

      Main Street Commercial Space Available

      Versatile commercial property near historic square, Ripley, Mississippi.
      205 S Main, Ripley, MS 38663
      View Details
    • $725,000
      34,500 SF

      Spacious Flex Space with Warehouse

      3,500 SF office, 31,000 SF warehouse on 4.5+ acres.
      127 Kingsley Road, Ripley, MS 38663
      View Details

    FAQs

    What type of property is this?
    Office building - Charming office building with modern updates in downtown Ripley.
    Where is this office building located?
    The property is located at 104 S Main Ripley, MS.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Historic downtown Ripley location.; Original hardwood floors and exposed brick accent walls.; Separate entrance for the upstairs area.
    (662) 587-4634
    We can help!
    Listing Contact
    Lisa Settlemires
    Lisa Settlemires
    Real Estate License ID: S-57737
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!