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    Property profile & analytics

    50 Merrimon Ave Asheville, NC 28804-1383

    • Commercial real estate
    • 45,308 SF
    • 10.78 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 19, 2022
    $44,800,000
    Location Intelligence
    Property ID
    US53-2301730
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kelly & Rowe PA: James G Rowe / Insurance Attorney
    • HAPPYOU holistic skin care / Health Spa
    • The American Chestnut Foundation / Non-Profit Organization
    • Purple Crayon / Art Studio
    • Merrimon Wellness Center / Wellness Center

    Property Details for 50 Merrimon Ave

    Year built
    2010
    Construction
    BRICK
    Lot size
    10.78 lot acres
    Property size
    45,308 SF
    Zone code
    DEED DATE: 2022-09-19 DEE
    Property type
    Commercial real estate
    APN
    9730-77-6740-00000
    APU
    973077674000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5763
    Latitude
    35.642
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $309,211
    $0.00
    $0.00
    $31,664,000
    -
    $4,930,600
    $26,733,400
    $31,664,000

    Comparable in this City

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      0.12 Acres

      229 Weaverville Rd

      COMMERCIAL (GENERAL) • 0.12 Acres
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      26,075 SF

      640 Merrimon Ave

      COMMERCIAL (GENERAL) • 26,075 SF
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    • Value Estimation by Request
      10.64 Acres

      99999 Lynn Cove Rd

      Land • 10.64 Acres
      99999 Lynn Cove Rd, Asheville, NC 28804
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    • Value Estimation by Request
      3,244 SF

      218 Elkwood Ave

      COMMERCIAL CONDOMINUIM • 3,244 SF
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    Similar Nearby for Lease

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      Woodfin Commercial Opportunity

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    • $800 /Mo
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      North Asheville Corner Office Space

      Desirable corner office with utilities included in North Asheville.
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    Property Visit Statistics

    • Visits by month
      11.5k
    • Visitors by month
      11.2k
    • Avg Time on site
      18 min
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    Asheville, NC 28804-1383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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