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Property profile & analytics
OFF-MARKET
Retail space
310 Eastland Ave Ripley, TN 38063-1945
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3166349
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Total area
4,808 SF
Lot
0.51 ac (22,400 SF)
Zoning code
B1
APN
049095J C 03001
UPID
US80-3166349
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
-
L And M Market Grocery & Convenience Store
-
Eastland Express Freight Service Logistics Company
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
Eastland Express INC · 5 yrs held
Eastland Express INC
since 2020
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
B1 · 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
$1,510
Tax year 2022
Assessed value
$60,400
Assessed 2023
Previous assessed
$60,400
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$8,000
Assessed improvement
$52,400
Land market value
$20,000
Improvement market value
$131,000
Total market value
$151,000
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
1982
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
4,808 SF
Lot
0.51 ac (22,400 SF)
Zoning code
B1
APN
049095J C 03001
UPID
US80-3166349
Jurisdiction
LAUDERDALE
Zoning & alternative use
B1 · Ripley, TN
Zoning B1 · permitted uses
B1 · 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
1982
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.51 ac
Current owner
From public records · entity-resolved
Eastland Express INC
Entity
Mailing address
12789 CAMBRACREST LN, ARLINGTON, TN 38002-1144
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Eastland Express INC
—
Deed
related
$377,598 · Insouth Bank
Feb 1, 2021
—
Eastland Ezpress INC
—
Deed
related
$115,095 · Insouth Bank
Dec 4, 2020
$325,000
Eastland Express INC
Insouth Bank
Special Warranty Deed
—
Apr 13, 2020
$385,000
Insouth Bk
Hitenkumar Smith Bryan K|patel
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 17, 2018
$515,000
Hitenkumar Patel
Patel,hemang & Pannaben P
Grant Deed
related
—
Dec 17, 2018
—
Hitenkumar Patel
—
Deed
related
$392,800 · Insouth Bk
Dec 4, 2018
$515,000
Hitenkumar Patel
Hemang Patel
Warranty Deed
related
$392,800 · Insouth Bank
Aug 3, 2009
$175,287
Patel,hemang & Pannaben P
Braden,larry
Warranty Deed
$218,522 · Bank Of Ripley
Apr 18, 2008
$150,000
Braden,larry
Shoemake,lynnwood & Margaret E
Grant Deed
$307,786 · First Citizens Nat'l Bk/munfor
Dec 3, 2007
—
Shoemake,lynnwood & Margaret
—
Trustees Deed
related
$40,451 · Bank Of Ripley
—
—
Hitenkumar Patel
—
Deed Of Trust
related
$392,800 · Insouth Bk
—
—
Neil,hemangkumar I P
—
Deed Of Trust
related
$227,819 · Bank Of Ripley
—
—
Pannaben P Patel
—
Deed Of Trust
related
$88,163 · Banktennessee
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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