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Property profile & analytics
FOR SALE
Office Spaces

301 Lake Dr Ripley, TN 38063

8,360 SF 9.39 ac lot Built 1998
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-2436107
Property summary
AI-generated overview

This exceptional commercial building, situated conveniently off Highway 51 in Ripley, Tennessee, presents a unique investment opportunity. Boasting approximately 4,000 square feet of adaptable space, this property is ideal for a variety of business ventures. The layout includes two bathrooms, dedicated office areas, and expansive open spaces, providing flexibility for diverse operational needs. A key feature is the presence of two separate entrances, offering the potential to divide the building into two independent units, thereby increasing rental income or accommodating multiple tenants. This allows for customized configurations to suit individual business requirements. The property's prime location near Highway 51 ensures high visibility and easy accessibility for clients and employees. The building's size and layout make it suitable for a wide range of uses, from professional offices and retail spaces to light industrial operations. This is a rare opportunity to acquire a well-positioned commercial property in a thriving community. Serious inquiries are encouraged to explore the full potential of this versatile space. The property is offered at $335,000. The lot size is zero acres.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1998
Total area 8,360 SF
Lot 9.39 ac (409,028 SF)
Zoning code B2
APN 049077 03007
UPID US80-2436107
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
  • US Agricultural Department Federal Government Office
  • Lauderdale County Soil Conservation District Sustainability Organization
  • Cane Creek Watershed District Government Office
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
Jesse Edwards JR · 1 yrs held
Jesse Edwards JR
since 2024
2 recorded transactions
2024
Price N/A
2000
$176,250
Zoning & alternative use
B2 · Ripley, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Ripley, TN
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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