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

    412 City Ave. Ripley, MS 38663

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    Commerical Property - Ripley, MS

    Property size:
    18,612 SF
    Price / SF:
    $14/SF
    Added:
    Apr 27, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 28 at 8:06 pm

    Property Features for 412 City Ave.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    18,612 SF

    Taxes and HOA fees

    Tax Annual Amount
    4326.48

    Building Details

    Year renovated
    1923
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Reed Shackelford

    Listing agent Reed Shackelford License #S-61427

    Listing office TM REALTORS 210 E. Main St., TUPELO, MS 38804, Tupelo, MS

    Listing date Apr 27, 2026

    MLS# 26-1475 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

    Commercial Property in High-Traffic Location

    This commercial property is located in a high-traffic location. The property includes a large parking lot and an 18,612 square foot building. It is suitable for a wide range of business or investments. The property is located in Ripley, Mississippi.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Tippah
    State
    Mississippi
    Longitude
    -88.946569
    Latitude
    34.727928

    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
    • $165,000
      4,098 SF

      Historic Office Building in Ripley

      Charming office building with modern updates in downtown Ripley.
      104 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
    • $773,400

      257.8 Acres Recreational Land Tract

      Turnkey recreational tract with lake, timber, and hunting potential.
      Cr 701, , MS 38663
      View Details
    • $460,000

      Land with Ponds and Lake

      104.5-acre property featuring ponds, a lake, and trails.
      Ashland Road, Ripley, MS 38663
      View Details
    • $165,000

      Ripley, MS Recreational Timber Tract

      53.12 acre recreational/timber tract for investment and enjoyment.
      County Road 500, Ripley, MS 38663
      View Details
    • $39,900

      Ripley Land with City Utilities

      4.4 acres with pond and city utilities available.
      BLUE MOUNTAIN ROAD, 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
    • $132,250

      Ripley Land with Timber

      44.36 acres in Ripley, Mississippi with timber.
      44.36 ac City Ave N, Ripley, MS 38863
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial property with large building and parking lot.
    Where is this commercial land located?
    The property is located at 412 City Ave. Ripley, MS.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: High traffic location; Large parking lot; Expansive 18,612 sq ft building
    (662) 842-3844
    We can help!
    Listing Contact
    Reed Shackelford
    Real Estate License ID: S-61427
    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!