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Property profile & analytics
OFF-MARKET
Retail space
204 Washington St Ripley, TN 38063-1514
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0440372
Property summary
AI-generated overview
This exceptional commercial property at 204 S WASHINGTON St, Ripley, TN, presents a unique investment opportunity. Priced at $100,000, the building offers a chance to acquire an established antique store, complete with its extensive inventory. Alternatively, the building can be purchased independently, allowing for the creation of a new business venture. The property is situated on a busy street within Ripley's charming, renovated court square, ensuring high visibility and foot traffic. The existing antique store is described as brimming with merchandise, presenting a ready-made business for an entrepreneur. The sale price of $100,000 is for the building itself
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
6,600 SF
Lot
0.34 ac (14,700 SF)
Zoning code
B2
APN
049095A B 00500
UPID
US80-0440372
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
Current use
Occupant on record · Public records
-
Hobock's House of Antiques and More Home Decor Store (Bike/Boat/Book/etc) Store
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
Ronald Hobock · 5 yrs held
Ronald Hobock
since 2021
Last sale
$30,000
7 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
$1,382
Tax year 2022
Assessed value
$55,280
Assessed 2023
Previous assessed
$55,280
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$6,200
Assessed improvement
$49,080
Land market value
$15,500
Improvement market value
$122,700
Total market value
$138,200
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
1940
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
6,600 SF
Lot
0.34 ac (14,700 SF)
Zoning code
B2
APN
049095A B 00500
UPID
US80-0440372
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
1940
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ronald Hobock
Individual
Mailing address
204 S WASHINGTON ST, RIPLEY, TN 38063-1514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Ronald Hobock
—
Deed
related
$61,151 · Bank Of Ripley
Mar 3, 2023
—
Ronald Hobock
—
Deed
related
$41,087 · Bank Of Ripley
Oct 14, 2021
—
Ronald Hobock
—
Deed
related
$38,765 · Bank Of Ripley
Mar 16, 2021
$30,000
Ronald Hobock
Tennessee Medical Equipment INC
Warranty Deed
$38,059 · Bank Of Ripley
Feb 14, 2005
—
Tennessee Medical Equipment In
—
Trustees Deed
related
$95,200 · Bancorpsouth
Apr 7, 1998
$50,000
Tennessee Medical Equipmen
Tennessee,medica
Grant Deed
related
—
—
—
Tennessee Medical Equipment In
—
Deed Of Trust
related
$69,975 · Bancorpsouth
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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