Property profile

701 Merrimon Ave Asheville, NC 28804

OFF-MARKET
Office buildings
Property ID
US53-1682417
4,748 SF 0.36 ac lot Built 1966
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Construction BRICK
Total area 4,748 SF
Lot 0.36 ac (15,682 SF)
Zoning code DEED DATE:06/15/2018 DEED
APN 9740-30-9396-00000
UPID US53-1682417

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
  • Home Health Care Service
  • Physician
  • Tutoring Service

Location

701 Merrimon Ave Asheville, NC 28804-2414
Asheville metro Census 500 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$645k

Owner & transaction history

since 2018
1 recorded transaction
2018
$700,000

Zoning & alternative use

DEED DATE:06/15/2018 DEED · Asheville, NC
Top alternative use upside
Auto repair, garage $1.2M +32.9%
Commercial (general) $1.1M +25.0%
Medical building $1.1M +17.0%

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
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