Property profile

870 Merrimon Ave Asheville, NC 28804

OFF-MARKET
Drive through restaurants
Property ID
US53-0287072
2,466 SF 0.53 ac lot Built 1969
Individually Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1969
Construction BRICK
Total area 2,466 SF
Lot 0.53 ac (23,087 SF)
Zoning code DEED DATE: 04/25/2001 DEE
APN 9740-42-3554-00000
UPID US53-0287072

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
  • Restaurant
  • Restaurant

Location

870 Merrimon Ave Asheville, NC 28804-2405
Asheville metro Census 1601 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
$1.17M
Blend (final) Blend
$515k

Owner & transaction history

since 2026
3 recorded transactions
2026
Price N/A
2021
Price N/A
2016
Price N/A

Zoning & alternative use

DEED DATE: 04/25/2001 DEE · Asheville, NC

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 870 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