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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Turn key restaurants
1459 Merrimon Ave, Asheville, NC 28804-1340
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1773519
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
WOOD FRAME
Total area
3,604 SF
Lot
0.38 ac (16,553 SF)
Zoning code
DEED DATE: 2023-02-16 DEE
APN
9730-86-3002-00000
UPID
US53-1773519
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
-
Illuminations Salon Hair Salon Nail Salon
-
Glenda Kay's Salon Hair Salon
-
the barrelhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$810k
Owner & transaction history
Pamela Tweed Cunningham · 3 yrs held
Pamela Tweed Cunningham
since 2023
Last sale
$30,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 2023-02-16 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $30k (Feb 16 2023)
Last sale anchor
$30k
Feb 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / SF
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
$5,299
Tax year 2024
Assessed value
$571,700
Assessed 2024
Previous assessed
$571,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$157,300
Improvement market value
$414,400
Total market value
$571,700
Applied tax rate
9.0000
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
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
3,604 SF
Lot
0.38 ac (16,553 SF)
Zoning code
DEED DATE: 2023-02-16 DEE
APN
9730-86-3002-00000
UPID
US53-1773519
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-02-16 DEE · Asheville, NC
Zoning DEED DATE: 2023-02-16 DEE · permitted uses
DEED DATE: 2023-02-16 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
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Pamela Tweed Cunningham
Individual
Mailing address
1832 PINELAND RD, CHAPPELLS, SC 29037-8733
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
Pamela Tweed Cunningham
Pamela Tweed Cunningham
Intrafamily Transfer
related
—
Sep 18, 2019
—
Pamela J Cunningham
—
Deed
related
$140,000 · First Citizens Bank & Trust Co
Aug 3, 2011
—
Sidney K Tweed
Tweed,sidney K
Quit Claim Deed
related
—
Feb 25, 2004
$30,000
William T Conkis
Tweed,r L
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.
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