New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Office buildings
190 Merrimon Ave Asheville, NC 28801-1826
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0847304
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
WOOD FRAME
Total area
5,624 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 2021-12-22 DEE
APN
9649-34-9361-00000
UPID
US53-0847304
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
-
J.D. Jackson Associates, Inc. Real Estate Agency
-
NETWORKING PROPERTIES, LLC Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.51M
Owner & transaction history
Networking Properties LLC · 4 yrs held
Networking Properties LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2021-12-22 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+102.4%
Commercial (general)
$1.4M
+38.7%
Auto repair, garage
$1.4M
+38.4%
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
$1,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,710,000
7%
$1,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
RESTAURANT
$2,110,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,445,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,440,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,270,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,055,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.65M (Dec 22 2021)
Last sale anchor
$1.65M
Dec 22 2021
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
$268 / 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
$12,588
Tax year 2024
Assessed value
$1,218,500
Assessed 2024
Previous assessed
$1,218,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$766,600
Improvement market value
$451,900
Total market value
$1,218,500
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
5,624 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 2021-12-22 DEE
APN
9649-34-9361-00000
UPID
US53-0847304
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2021-12-22 DEE · Asheville, NC
Zoning DEED DATE: 2021-12-22 DEE · permitted uses
DEED DATE: 2021-12-22 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Networking Properties LLC
Entity
Mailing address
190 MERRIMON AVE STE #448, ASHEVILLE, NC 28801-1826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Networking Properties LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
Nov 27, 2024
—
Networking Properties LLC
—
Deed
related
$2,231,250 · First National Bank Of Pennsylvania
Sep 26, 2023
—
Networking Properties LLC
—
Deed
related
$1,000,000 · Four Jacks LLC
Dec 22, 2021
$1,650,000
Networking Properties LLC
Sally M Jackson
Warranty Deed
$1,650,000 · Earl Samuel Young Trust
—
—
Sally M Jackson
—
Deed Of Trust
related
$420,000 · Hometrust Bank
—
—
Sally M Jackson
—
Deed Of Trust
related
$75,000 · Hometrust Bank
—
—
Jackson,sally M
—
Deed Of Trust
related
$375,000 · Hometrust Bk
—
—
Jackson,sally M
—
Deed Of Trust
related
$300,000 · Hometrust Bk
—
—
Jackson,sally M
—
Deed Of Trust
related
$35,000 · Hometrust Bk
—
—
Sally Jackson
—
Deed Of Trust
related
$425,000 · Hometrust Bank
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 190 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.
