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    Property profile & analytics

    569 Merrimon Ave Asheville, NC 28804-3421

    • Office buildings
    • 2,010 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Last Sale
    Aug 05, 2024
    $445,000
    Location Intelligence
    Property ID
    US53-1285439
    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

    • Cassette Duplication Services / Recording Studio
    • Videomaster Productions / Video Production Service

    Property Details for 569 Merrimon Ave

    Year built
    1956
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    2,010 SF
    Zone code
    DEED DATE: 10/15/1998 DEE
    Property type
    Office buildings
    APN
    9649-48-0931-00000
    APU
    964948093100000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $520,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $555,000
      Mixed-Use
      $415,000
      Hospitality
      $460,000
      Educational
      $570,000
      Residential Income
      $480,000
      Energy
      $485,000
      Income-Based Land
      $530,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5538
    Latitude
    35.6184
    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
    $2,789
    $0.00
    $0.00
    $270,000
    -
    $215,600
    $54,400
    $270,000

    Comparable in this City

    • Value Estimation by Request
      5,800 SF

      1010 Merrimon Ave

      OFFICE BUILDING • 5,800 SF
      1010 Merrimon Ave, Asheville, NC 28804-2357
      View Details
    • Value Estimation by Request
      4,748 SF

      701 Merrimon Ave

      OFFICE BUILDING • 4,748 SF
      701 Merrimon Ave, Asheville, NC 28804-2414
      View Details
    • Value Estimation
      $630,000
      2,856 SF

      235 Weaverville Rd

      OFFICE BUILDING • 2,856 SF
      235 Weaverville Rd, Asheville, NC 28804-1298
      View Details
    • Value Estimation by Request
      2,736 SF

      345 Weaverville Rd

      OFFICE BUILDING • 2,736 SF
      345 Weaverville Rd, Asheville, NC 28804-1229
      View Details
    • Value Estimation by Request
      16,166 SF

      674 Merrimon Ave

      OFFICE BUILDING • 16,166 SF
      674 Merrimon Ave, Asheville, NC 28804-3586
      View Details
    • Value Estimation
      $1,060,000
      6,264 SF

      573 Merrimon Ave

      OFFICE BUILDING • 6,264 SF
      573 Merrimon Ave, Asheville, NC 28804-3490
      View Details

    Similar Nearby for Sale

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      High-Traffic Asheville Commercial Property

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      North Asheville Unrestricted Land Tract

      Three unrestricted lots in North Asheville, purchase separately or together.
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      24.79 acres near Asheville with French Broad River frontage.
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    Similar Nearby for Lease

    • $2,500 /Mo

      Woodfin Commercial Space For Rent

      Commercial space in up-and-coming Woodfin River Arts District.
      941 Riverside Dr, Asheville, NC 28804
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    • $800 /Mo
      18,731 SF

      North Asheville Corner Office Space

      Desirable corner office with utilities included in North Asheville.
      7 Beaverdam Rd, Asheville, NC 28804
      View Details
    • $5,000 /Mo

      Woodfin Commercial Opportunity

      Commercial building in up-and-coming Woodfin River Arts District.
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      View Details
    • $17 SF/Yr
      469,577 SF

      Merrimon Ave Retail Center

      North Asheville retail spaces available
      41 Merrimon Ave, Woodfin, NC 28804
      View Details
    • $17 SF/Yr
      1,681 SF

      Retail Space in Reynolds Village

      Retail suites available in a mixed-use development in North Asheville.
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      View Details
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    Asheville, NC 28804-3421
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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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