Property profile

508 Merrimon Ave Asheville, NC 28804

OFF-MARKET
Breweries
Property ID
US53-0902830
2,205 SF 0.2 ac lot Built 1986
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Breweries
Use group DISTILLERY, BREWERY, BOTTLING
Year built 1986
Construction FRAME
Total area 2,205 SF
Lot 0.2 ac (8,712 SF)
Zoning code DEED DATE: 06/14/2007 DEE
APN 9649-38-6184-00000
UPID US53-0902830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

508 Merrimon Ave Asheville, NC 28804-6624
Asheville metro Census 400 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$484k
Blend (final) Blend
$640k

Owner & transaction history

since 2024
Last sale
$640,000
3 recorded transactions
2024
$640,000
2019
Price N/A
2007
$400,000

Zoning & alternative use

DEED DATE: 06/14/2007 DEE · Asheville, NC
Top alternative use upside
Auto repair, garage $565,000 +58.5%
Commercial (general) $530,000 +49.0%
Medical building $500,000 +39.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 508 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message