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    Property profile & analytics

    517 2Nd St Ripley, OH 45167

    • Lifestyle centers
    • 9,214 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-3262041
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 517 2Nd St

    Year built
    2020
    Lot size
    1.66 lot acres
    Property size
    9,214 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 9,214 square-foot Dollar General store in Ripley, Ohio. The property boasts a 16-year absolute NNN lease, commencing March 28, 2019, and expiring March 31, 2035, with a remaining term of approximately 10.4 years. The lease includes four five-year renewal options, each with a 10% rent increase. The tenant, Dollar General Corporation, provides a corporate guarantee, offering significant security. The property's strong financial performance is reflected in a 7.25% cap rate and a net operating income (NOI) of $96,558. Built in 2020, this single-story building sits on a 1.66-acre lot at 517 S 2nd St, Ripley, OH 45167, a highly visible location with 10,150 vehicles passing daily. The surrounding area demonstrates strong demographics, with a ten-mile population of 26,669 and an average household income of $64,227. The asking price is $1,331,834, translating to $144.54 per square foot. This property is ideally suited for a 1031 exchange buyer or a passive investor seeking a secure, high-return investment. The property is currently 100% occupied.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Brown
    State
    Ohio
    Longitude
    -83.8407974
    Latitude
    38.7368197

    Comparable in this City

    • $249,900
      Pending

      Main Street Investment Opportunity

      Spacious mixed-use building in Ripley's business district.
      112 Main St, Ripley, OH 45167
      View Details
    • Contact for pricing
      0.08 Acres

      Ripley, OH Building Lot

      Building lot in the heart of the business district.
      45 Main St, Ripley, OH 45167
      View Details
    • New
      $275,000

      Unique Multi-Use Investment Opportunity

      Thriving short-term rental and storage units in historic Ripley.
      14 N 3Rd St, Ripley, OH 45167
      View Details
    • $625,000

      Secluded 96-Acre Union Township Retreat

      96 acres with woods, tillable land, ponds, and outbuildings.
      3179 Stephenson Rd, Ripley, OH 45167
      View Details
    • $34,900
      0.07 Acres

      Ripley, OH Building Lot

      Building lot in business district with public utilities available.
      220 Main St, Ripley, OH 45167
      View Details

    Similar Nearby for Sale

    • $249,900
      Pending

      Main Street Investment Opportunity

      Spacious mixed-use building in Ripley's business district.
      112 Main St, Ripley, OH 45167
      View Details
    • Contact for pricing
      0.08 Acres

      Ripley, OH Building Lot

      Building lot in the heart of the business district.
      45 Main St, Ripley, OH 45167
      View Details
    • New
      $275,000

      Unique Multi-Use Investment Opportunity

      Thriving short-term rental and storage units in historic Ripley.
      14 N 3Rd St, Ripley, OH 45167
      View Details
    • $625,000

      Secluded 96-Acre Union Township Retreat

      96 acres with woods, tillable land, ponds, and outbuildings.
      3179 Stephenson Rd, Ripley, OH 45167
      View Details
    • $34,900
      0.07 Acres

      Ripley, OH Building Lot

      Building lot in business district with public utilities available.
      220 Main St, Ripley, OH 45167
      View Details
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    517 2Nd St
    Ripley, OH 45167
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    Realmo Value Estimation

    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.

    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.

    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
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