New search
Property profile & analytics
OFF-MARKET
Retail space
120 Merrimon Ave, Asheville, NC 28801-2325
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4062184
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
BRICK
Total area
13,576 SF
Lot
1.65 ac (71,874 SF)
Zoning code
DEED DATE: 2023-05-03 DEE
APN
9649-33-8254-00000
UPID
US53-4062184
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
-
Trader Joe's Grocery & Convenience Store Food Market
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
Ccb Associates 15 LLC · 3 yrs held
Ccb Associates 15 LLC
since 2023
Last sale
$8.8M
6 recorded transactions
Zoning & alternative use
DEED DATE: 2023-05-03 DEE · Asheville, NC
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 Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$39,297
Tax year 2024
Assessed value
$3,803,800
Assessed 2024
Previous assessed
$3,803,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$2,803,100
Improvement market value
$1,000,700
Total market value
$3,803,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2013
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
13,576 SF
Lot
1.65 ac (71,874 SF)
Zoning code
DEED DATE: 2023-05-03 DEE
APN
9649-33-8254-00000
UPID
US53-4062184
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-05-03 DEE · Asheville, NC
Zoning DEED DATE: 2023-05-03 DEE · permitted uses
DEED DATE: 2023-05-03 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Ccb Associates 15 LLC
Entity
Mailing address
7978 COOPER CRK BLVD, UNIVERSITY PARK, FL 34201-2159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
$8,839,000
Ccb Associates 15 LLC
Cole Tr Asheville Nc LLC
Special Warranty Deed
—
Dec 1, 2021
—
Jpmorgan Chase Bank
—
Deed
related
$650,000,000 · Wells Fargo Bank NA
Jul 19, 2021
—
Cole Tr Asheville Nc LLC
—
Deed
related
$650,000,000 · Jpmorgan Chase Bank NA
Oct 29, 2013
$7,176,500
Cole Trust Asheville Nc LLC
Cap Asheville LLC
Grant Deed
—
Jul 11, 2012
$575,000
Cap Asheville LLC
Kim,jin S & Young C
Warranty Deed
—
Jul 11, 2012
—
Cap Asheville LLC
Kim,jin S & Young C
Grant Deed
related
—
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 120 Merrimon Ave?
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.
