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Property profile & analytics
FOR SALE
Retail space
Washington St S Ripley, TN 38063
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0545065
For Sale
$480,000
Washington St S, Ripley, TN 38063
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
1,880 SF
Lot
0.13 ac (5,525 SF)
Zoning code
B2
APN
049095A B 00200
UPID
US80-0545065
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
Little Texas Developments LLC · 3 yrs held
Little Texas Developments LLC
since 2022
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
$452
Tax year 2022
Assessed value
$18,080
Assessed 2023
Previous assessed
$18,080
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$3,600
Assessed improvement
$14,480
Land market value
$9,000
Improvement market value
$36,200
Total market value
$45,200
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
For Sale
Year built
1950
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,880 SF
Lot
0.13 ac (5,525 SF)
Zoning code
B2
APN
049095A B 00200
UPID
US80-0545065
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
1950
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Little Texas Developments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1211 JEFF WEBB RD, RIPLEY, TN 38063-5737
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$190,000
Little Texas Developments LLC
Griggs Lumber INC
Warranty Deed
—
Feb 7, 2022
$18,000
Thomas Gitchell
Jason Latham
Warranty Deed
$17,000 · Bank Of Ripley
Oct 1, 2021
$4,000
Jerrell Malone
Audra Malone
Quitclaim Deed
related
—
Aug 4, 2021
—
J C White Martial Trust
—
Deed
related
$21,973 · Banktennessee
May 6, 2021
—
Tommy Joe White
Tommy Joe White
Deed
related
—
Oct 20, 2020
—
Tejas K Patel
—
Deed
related
$82,624 · Bank Of Ripley
Apr 22, 2020
—
Steven T Ivy
—
Deed
related
—
Nov 4, 2019
—
J C White
—
Deed
related
$17,020 · Banktennessee
Oct 19, 2018
—
Steven T Ivy
—
Deed
related
$65,689 · Bank Of Ripley
Oct 9, 2018
$80,000
Roger Mills
Mills,benton
Quitclaim Deed
related
—
Apr 11, 2018
—
Rickey D Carver
Carver,ricky D
Quit Claim Deed
related
—
Mar 20, 2017
—
J C White
—
Deed
related
$20,380 · Banktennessee
Apr 1, 2015
—
Rickye D Carver
Carver Ricky D & Jimmy S
Quit Claim Deed
related
—
Sep 1, 2010
—
Smith,guilford E JR & Stephanie M
Smith Ruth H Family Trust
Quit Claim Deed
related
—
Feb 1, 2005
$400,000
Harmon,william M III & Brenda L
Griggs,willie R & Carolyn J
Grant Deed
$409,022 · Bank Of Ripley
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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