Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    301 Lake Dr Ripley, TN 38063

    Sponsored
    For Sale
    $335,000

    Office - Ripley, TN

    Type:Office
    Days on Market:
    45
    Last Refresh:
    Jan 22 at 8:06 am

    Property Features for 301 Lake Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active

    Building Details

    Year built
    2001
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Whiteside

    Lankford Realty Co. (731) 635-5511 [email protected]

    Listing agent Ryan Whiteside (731) 635-5511

    Listing date Dec 9, 2025

    MLS# 10158271 Listing URL

    Copyright © 2026 Memphis Area Association 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.

    Learn more

    Property Insight Report

    Overview

    Ripley, TN Commercial Office Building

    This commercial building, located in Ripley, TN, offers approximately 4,000 square feet of space suitable for various uses. The building features two bathrooms, office space, and open areas. It has two entrances, providing the option to divide the building into two separate units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Agricultural Department Federal Government Office Lauderdale County Soil ... Conservation Department Cane Creek Watershed ... Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Lauderdale
    State
    Tennessee
    Longitude
    -89.548374
    Latitude
    35.754075

    Nearby Similar for Sale

    • $335,000
      4,000 SF

      Ripley, TN Commercial Building

      Commercial building with office space and potential for two units.
      301 Lake Dr, Ripley, TN 38063
      View Details
    • $249,000

      Downtown Ripley Commercial Building

      Commercial building with apartment and garage in downtown Ripley.
      127 Jackson Ave, Ripley, TN 38063
      View Details
    • $150,000

      Turn-Key Ripley Commercial Opportunity

      30x50 metal building with equipment and inventory included.
      851 Hyde Rd, Ripley, TN 38063
      View Details
    • $240,000
      1,976 SF

      Retail Building and Business Opportunity

      Retail building and business for sale in Ripley, Tennessee.
      289 S Washington St, Ripley, TN 38063
      View Details
    • $200,000
      0.29 Acres

      Commercial Building in Central Ripley

      Commercial building with drive-thru in Ripley's central business district.
      334 S Washington St, Ripley, TN 38063
      View Details
    • $200,000

      Commercial Building in Ripley, TN

      Commercial building in central business district, suitable for various uses.
      334 S Washington St, Ripley, TN 38063
      View Details
    • $200,000
      3,750 SF

      Retail Property in Ripley, TN

      Retail property for sale in Ripley, Tennessee, featuring 3750 square feet.
      334 S Washington St S, Ripley, TN 38063
      View Details
    • $240,000

      Retail Building and Business Opportunity

      Retail building for sale, potential for various business uses.
      289 S Washington St, Ripley, TN 38063
      View Details
    • $240,000
      0.24 Acres

      Retail Building in Ripley, TN

      Retail building suitable for various business or office uses.
      289 S Washington St, Ripley, TN 38063
      View Details
    • $218,900
      1,910 SF

      Retail Property in Ripley, TN

      Commercial property in downtown Ripley, Tennessee, available for sale.
      148 S Washington St, Ripley, TN 38063
      View Details
    • $175,000

      Ripley Retail/Restaurant Opportunity

      Turnkey cafe and income-producing rental in historic downtown Ripley.
      129 N Main St, Ripley, TN 38063
      View Details
    • $1,350,000

      Ripley Commercial Property - Hwy 51

      High-traffic retail building & land. Excellent investment opportunity.
      309 51 Hwy, Ripley, TN 38063
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building with office space and open areas in Ripley.
    Where is this office building located?
    The property is located at 301 Lake Dr Ripley, TN.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Located just off Highway 51 in Ripley, TN; - Approximately 4,000 square feet of space; - Two entrances allow dividing the building into two separate units
    (731) 612-0804
    Request Owner's contact information
    301 Lake Dr Ripley, TN 38063
    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.
    301 Lake Dr
    Ripley, TN 38063
    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
    301 Lake Dr Ripley, TN 38063
    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

    We can help!
    Listing Contact
    Ryan Whiteside
    (731) 612-0804
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.