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Property profile & analytics
OFF-MARKET
Retail space
2023 Hwy 51st N Ripley, TN 38063-8103
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1673664
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
3,625 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
049071 05700
UPID
US80-1673664
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Johnny Dyson · 6 yrs held
Johnny Dyson
since 2020
Last sale
$70,000
6 recorded transactions
Zoning & alternative use
B2 · Ripley, TN
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 Ripley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ripley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,162
Tax year 2022
Assessed value
$46,480
Assessed 2023
Previous assessed
$46,480
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$8,240
Assessed improvement
$38,240
Land market value
$20,600
Improvement market value
$95,600
Total market value
$116,200
Applied tax rate
49.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,625 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
049071 05700
UPID
US80-1673664
Jurisdiction
LAUDERDALE
Zoning & alternative use
B2 · Ripley, TN
Zoning B2 · permitted uses
B2 · Ripley, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ripley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Johnny Dyson
Individual
Mailing address
2218 BUTNER RD, RIPLEY, TN 38063-7938
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
$47,000
Johnny Dyson
Penne Pickard
Quit Claim Deed
related
$58,845 · Banktennessee
Jul 23, 2018
$24,534
Penne Pickard
Lauderdale County Tennessee
Quit Claim Deed
related
—
Apr 9, 2018
$7,417
Lauderdale County
Clerk Of Lauderdale County|hutcherson,dwayne
Trustees Deed
related
—
Oct 14, 2011
$45,500
Hutcherson,dwayne E
Hutcherson,dale & Dolores
Warranty Deed
—
Dec 27, 2006
$70,000
Hutcherson,dale & Dolores
Edwards,samuel M
Warranty Deed
—
Apr 5, 2002
$75,000
Samuel M Edwards
Best,wade P
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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