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    Property profile & analytics

    840 Merrimon Ave Asheville, NC 28804-2405

    • Turn key restaurants
    • 1,810 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-2026676
    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

    • Geraldine's Bakery / Bakery

    Property Details for 840 Merrimon Ave

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.30 lot acres
    Property size
    1,810 SF
    Zone code
    DEED DATE: 01/08/2010 DEE
    Property type
    Turn key restaurants
    APN
    9740-42-3102-00000
    APU
    974042310200000

    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
    -82.5533
    Latitude
    35.6273
    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
    $6,204
    $0.00
    $0.00
    $600,500
    -
    $359,400
    $241,100
    $600,500

    Comparable in this City

    • Value Estimation by Request
      2,664 SF

      72 Weaverville Rd

      RESTAURANT • 2,664 SF
      72 Weaverville Rd, Asheville, NC 28804-1360
      View Details
    • Value Estimation by Request
      7,163 SF

      287 Weaverville Rd

      RESTAURANT • 7,163 SF
      287 Weaverville Rd, Asheville, NC 28804-1245
      View Details
    • Value Estimation
      $1,615,000
      2,574 SF

      873 Merrimon Ave

      RESTAURANT • 2,574 SF
      873 Merrimon Ave, Asheville, NC 28804-2404
      View Details
    • Value Estimation
      $705,000
      1,530 SF

      961 Merrimon Ave

      RESTAURANT • 1,530 SF
      961 Merrimon Ave, Asheville, NC 28804-2304
      View Details
    • Value Estimation by Request
      3,334 SF

      501 Merrimon Ave

      RESTAURANT • 3,334 SF
      501 Merrimon Ave, Asheville, NC 28804-3407
      View Details
    • Value Estimation by Request
      2,574 SF

      330 Weaverville Rd

      RESTAURANT • 2,574 SF
      330 Weaverville Rd, Asheville, NC 28804-1229
      View Details

    Similar Nearby for Sale

    • $565,000
      0.13 Acres

      High-Traffic Asheville Commercial Property

      Freestanding building on Merrimon Avenue, suitable for retail or office.
      738 Merrimon Ave, Asheville, NC 28804
      View Details
    • Contact for pricing
      17,773 SF

      Freestanding Staples Asset For Sale

      Single-tenant Staples asset with corporate lease in Asheville, NC.
      65 Merrimon Ave, Asheville, NC 28804
      View Details
    • $2,800,000
      0.78 Acres

      Merrimon Avenue Retail Investment Opportunity

      Retail property with established businesses and high traffic location.
      853 Merrimon Ave, Asheville, NC 28804
      View Details
    • $450,000
      0.34 Acres

      Woodfin Commercial Redevelopment Opportunity

      Prime Woodfin location, 0.34 acres, needs remodel.
      75 Weaverville Rd, Woodfin, NC 28804
      View Details
    • $885,240
      0.31 Acres

      Merrimon Ave Redevelopment Opportunity

      Asheville, NC commercial land, high visibility.
      498- Merrimon Ave, Asheville, NC 28804
      View Details
    • $375,000

      North Asheville Unrestricted Land Tract

      Three unrestricted lots in North Asheville, purchase separately or together.
      99999 Flynn Br Rd #1, Asheville, NC 28804
      View Details

    Similar Nearby for Lease

    • $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.
      61 N Merrimon Ave, Asheville, NC 28804
      View Details

    Property Visit Statistics

    • Visits by month
      5.9k
    • Visitors by month
      3.2k
    • Avg Time on site
      12 min
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    840 Merrimon Ave
    Asheville, NC 28804-2405
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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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