Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
787 Hwy 51st S Ripley, TN 38063-4565
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0769608
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Total area
7,118 SF
Lot
1.34 ac (58,370 SF)
Zoning code
B2
APN
049094 02713
UPID
US80-0769608
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
Ernesto Flores Castano · 2 yrs held
Ernesto Flores Castano
since 2024
Last sale
$312,500
5 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
$3,093
Tax year 2022
Assessed value
$123,720
Assessed 2023
Previous assessed
$123,720
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$34,840
Assessed improvement
$88,880
Land market value
$87,100
Improvement market value
$222,200
Total market value
$309,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
7,118 SF
Lot
1.34 ac (58,370 SF)
Zoning code
B2
APN
049094 02713
UPID
US80-0769608
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
1982
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Ernesto Flores Castano
Individual
Mailing address
341 FAYE BARFIELD RD, HENNING, TN 38041-6194
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$312,500
Ernesto Flores Castano
Martin L Chipman
Warranty Deed
$225,000 · Martin Chipman
Nov 13, 2018
$50,000
Tom S Tims
Teer,william P B & Janis F
Warranty Deed
—
May 11, 2007
$120,000
Chipman,martin L
Bank Of Ripley
Warranty Deed
$120,841 · Bank Of Ripley
Oct 30, 2003
$317,168
Jesse H Ozier
Rose,sherry E Etal
Grant Deed
—
Feb 8, 2002
$291,808
Robert G Wilkins
Ozier,jesse H
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 787 Hwy 51st S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
