Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    870 Merrimon Ave Asheville, NC 28804-2405

    • Drive through restaurants
    • 2,466 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-0287072
    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

    • Cecilia’s Kitchen / Latin American Restaurant / Argentinian Restaurant
    • Cecilia's Culinary Tour / Restaurant

    Property Details for 870 Merrimon Ave

    Year built
    1969
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property size
    2,466 SF
    Zone code
    DEED DATE: 04/25/2001 DEE
    Property type
    Drive through restaurants
    APN
    9740-42-3554-00000
    APU
    974042355400000

    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
    -82.5531
    Latitude
    35.6284
    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
    $8,478
    $0.00
    $0.00
    $820,600
    -
    $634,900
    $185,700
    $820,600

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      505 Merrimon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,400 SF
      505 Merrimon Ave, Asheville, NC 28804-3407
      View Details
    • Value Estimation by Request
      5,120 SF

      755 Merrimon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,120 SF
      755 Merrimon Ave, Asheville, NC 28804-2447
      View Details
    • Value Estimation
      $1,845,000
      2,018 SF

      127 Weaverville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,018 SF
      127 Weaverville Rd, Asheville, NC 28804-1225
      View Details
    • Value Estimation by Request
      635 SF

      707 Merrimon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 635 SF
      707 Merrimon Ave, Asheville, NC 28804-6628
      View Details
    • Value Estimation by Request
      3,052 SF

      585 Merrimon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,052 SF
      585 Merrimon Ave, Asheville, NC 28804-3422
      View Details
    • Value Estimation by Request
      3,032 SF

      204 Weaverville Rd

      TAKE-OUT RESTAURANT • 3,032 SF
      204 Weaverville Rd, Asheville, NC 28804-1228
      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
    • $350,000

      North Asheville Build-Ready Mountain View Lot

      1.26 acre lot with mountain views ready for building.
      145 Black Oak Dr, Asheville, NC 28804
      View Details
    • $885,240

      Merrimon Avenue Redevelopment Opportunity

      Four parcels with high visibility frontage, ideal for mixed-use redevelopment.
      498-506 Merrimon Ave, Asheville, NC 28804
      View Details
    • $349,000
      1.00 Acre

      Asheville Land with Mountain Views

      One-acre lot with unobstructed mountain views in established subdivision.
      8 English Hills Dr, 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
      6.8k
    • Visitors by month
      4.1k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    870 Merrimon Ave
    Asheville, NC 28804-2405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.