Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Strip Mall Investment Opportunity Title is generated by Realmo AI

    WASHINGTON St S, Ripley, TN 38063

    View on Map
    Claim this Listing
    Picture of Strip malls at WASHINGTON St S, Ripley, TN
    For Sale
    $480,000

    SINGLE_FAMILY - Ripley, TN

    Type:Office
    Added:
    Mar 12, 2026
    Days on Market:
    79
    Last Refresh:
    May 29 at 6:06 pm

    Property Features for WASHINGTON St S

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    2688

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Reese Gaines

    Listing agent Reese Gaines

    Listing office Lankford Realty Co. 109 N Main, RIpley, TN

    Listing date Mar 12, 2026

    MLS# 10216900

    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.

    HighLights

    • Fully Occupied: Provides immediate and stable income from 8 tenant spaces.
    • Prime Location: Situated in a highly desirable area with strong growth and development.
    • Excellent Visibility & Traffic: Benefits from high visibility and steady traffic flow.
    • Strong Tenant Occupancy: Demonstrates the property's appeal and stability.
    • Turnkey Investment: Offers a ready‑to‑operate, income‑producing commercial asset.
    • Proximity to Development: Located near expanding residential and commercial developments, indicating future growth potential.

    Overview

    This commercial strip mall is located in a desirable area experiencing growth and development. The well-maintained property features 8 tenant spaces, all of which are fully occupied. This provides immediate and stable income for investors. The property benefits from excellent visibility, steady traffic, and proximity to expanding residential and commercial developments. With strong tenant occupancy and continued growth in the surrounding area, this property offers long-term investment potential. This is an opportunity for investors seeking a turnkey income-producing commercial asset in a thriving market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Ripley
    County
    Lauderdale
    State
    Tennessee
    Longitude
    -89.5436
    Latitude
    35.7505

    Nearby Similar for Sale

    • $235,000
      4,000 SF

      Downtown Ripley Commercial Building For Sale

      Three-unit commercial building in downtown Ripley with recent updates.
      109 W JACKSON Ave, Ripley, TN 38063
      View Details
    • $1,400,000

      Turnkey Commercial Property in Ripley

      Ready for immediate operation with multiple income opportunities.
      500 S WASHINGTON St, Ripley, TN 38063
      View Details
    • $336,000
      8,075 SF

      Ripley Commercial Building For Sale

      8,000+ sq ft commercial building in high-traffic Ripley area.
      180 S Washington Street, Ripley, TN 38063
      View Details
    • $336,000
      8,000 SF

      Commercial Building in Ripley, TN

      8000 sq ft commercial building on high traffic street.
      180 S WASHINGTON St, Ripley, TN 38063
      View Details
    • $194,999
      1,500 SF

      Turn-Key Ripley Commercial Opportunity

      30x50 metal building on 1/2 acre lot for sale.
      851 HYDE Rd, Ripley, TN 38063
      View Details
    • $225,000
      2,400 SF

      Ripley Commercial Property on Highway

      2400 sq ft commercial building on 1.34 acres.
      1412 Highway 51 N, Ripley, TN 38063
      View Details
    • $139,900

      Turn-Key Business Opportunity in Ripley

      Two storefronts, one turn-key cafe, one long-term tenant.
      129 A & B N MAIN St, Ripley, TN 38063
      View Details
    • $139,900

      Turn-Key Business Opportunity in Ripley

      Two storefronts, one turn-key coffee shop, one long-term tenant.
      129 N MAIN St, Ripley, TN 38063
      View Details
    • $130,000

      Versatile Office Property in Ripley

      Office property with storage, parking, and expansion potential.
      359 JEFFERSON St S, Ripley, TN 38063
      View Details
    • $336,000
      8,000 SF

      Ripley TN Commercial Building

      8000 sq ft commercial building in high-traffic Ripley area.
      180 S WASHINGTON St, Ripley, TN 38063
      View Details
    • $189,000

      Commercial Building with Drive-Thru

      Commercial building in Ripley, TN, with drive-thru window.
      334 S WASHINGTON St, Ripley, TN 38063
      View Details
    • $225,000
      2,400 SF

      Ripley Commercial Land Opportunity

      1.34 acre commercial property with high visibility.
      1412 N 51 Hwy, Ripley, TN 38063
      View Details

    FAQs

    What type of property is this?
    Strip mall - Fully occupied strip mall in Ripley, TN, for sale.
    Where is this strip mall located?
    The property is located at WASHINGTON St S Ripley, TN.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Fully Occupied: Provides immediate and stable income from 8 tenant spaces.; Prime Location: Situated in a highly desirable area with strong growth and development.; Excellent Visibility & Traffic: Benefits from high visibility and steady traffic flow.
    (731) 635-5511
    We can help!
    Listing Contact
    Reese Gaines
    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

    Thank You for Inquiry
    WASHINGTON St S, Ripley, TN 38063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!