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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Turn key restaurants
873 Merrimon Ave, Asheville, NC 28804-2404
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0275245
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
WOOD FRAME
Total area
2,574 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DEED DATE: 2022-10-26 DEE
APN
9740-42-5392-00000
UPID
US53-0275245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MOD Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.56M
Owner & transaction history
Moseley Prop LLC · 3 yrs held
Moseley Prop LLC
since 2022
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
DEED DATE: 2022-10-26 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.80M (Oct 26 2022)
Last sale anchor
$1.80M
Oct 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$604 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,598
Tax year 2024
Assessed value
$929,000
Assessed 2024
Previous assessed
$929,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$658,800
Improvement market value
$270,200
Total market value
$929,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
2,574 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DEED DATE: 2022-10-26 DEE
APN
9740-42-5392-00000
UPID
US53-0275245
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-10-26 DEE · Asheville, NC
Zoning DEED DATE: 2022-10-26 DEE · permitted uses
DEED DATE: 2022-10-26 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Moseley Prop LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 169, BUCKINGHAM, VA 23921-0169
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
—
Moseley Prop LLC
Moseley Prop LLC
Intrafamily Transfer
related
—
May 31, 2016
$1,800,000
Moseley Properties LLC
New Mountain LLC
Warranty Deed
—
Feb 4, 2016
$825,000
New Mountain LLC
Vail-deneef LLC
Warranty Deed
—
May 29, 2001
$750,000
Vail Deneef LLC
North Country Pr
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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