Entity Owned 
For Lease
1 / 10
$27 SF/Yr
5200 W Paramount Pkwy, Morrisville, NC 27560
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Property summary
AI-generated overview
This exceptional Class A office building, Perimeter Park: 5200 W Paramount Parkway, offers 160,747 square feet of prime executive office space in Morrisville, North Carolina's desirable RTP/I-40 Corridor. Built in 2001, this two-story building boasts a recently renovated exterior entrance and lobby featuring distinctive architectural finishes, unique artwork, and convenient touchdown zones. Two suites are currently available, with a minimum divisible space of 18,623 square feet and a maximum contiguous space of 18,954 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
159,360 SF
Lot
24.05 ac (1,047,618 SF)
Zoning code
OI
APN
0746.02-88-5661 0283073
UPID
US53-2211942
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
-
Medical Clinic
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.00M
Comparable Approach
Comparable
$44.39M
Blend (final)
Blend
$39.47M
Owner & transaction history
since 2018
2 recorded transactions
Zoning & alternative use
OI · Morrisville, NC
Zoning description
The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip generating uses, including office parks, research and development parks, corporate…
General category
CIVIC_INSTITUTIONAL
Top alternative use upside
Medical building
$54.9M
+61.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$39.47M
Value range
$35.52M – $43.41M
±10% around blend
Estimated value / SF
$248 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$35.52M
blend $39.47M
$43.41M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
159,360 SF
Lot area
24.05 ac
Year built
2000
Stories
2
APN
0746.02-88-5661 0283073
Zoning
OI
Assessed value
$60,158,741
Annual tax
$642,612
3
Income approach: direct capitalization
Partial preview
Income approach indication
$46.00M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$49.83M
@ 6.5% CAP return
$46.00M
@ 7% CAP return
$42.71M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$642,612
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$19.38M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.1 mi away · 192,000 SF
18.7 mi away · 150,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$39.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$213
+16%
Submarket 189 sales
$225
+10%
County 878 sales
$201
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $248/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+62%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$35.25M
Move the market yield to see immediate price impact.
Value / SF
$221
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.22M
$44.42M
$31.73M
$24.68M
$2.47M
$49.35M
$35.25M
$27.42M
$2.71M
$54.29M
$38.78M
$30.16M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$9.00M
4.0 mi · Dec 2025 · $58/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$642,612
Tax year 2023
Assessed value
$60,158,741
Assessed 2023
Previous assessed
$60,158,741
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$5,438,910
Assessed improvement
$54,719,831
Land market value
$5,438,910
Improvement market value
$54,719,831
Total market value
$60,158,741
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
159,360 SF
Lot
24.05 ac (1,047,618 SF)
Zoning code
OI
APN
0746.02-88-5661 0283073
UPID
US53-2211942
Jurisdiction
WAKE
Zoning & alternative use
OI · Morrisville, NCZoning OI · permitted uses
OI · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip generating uses, including office parks, research and development parks, corporate…
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
24.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
OI
CIVIC_INSTITUTIONAL
Jurisdiction
Morrisville, NC
Recorded code
OI
Official district
OI
Official district profile
What the municipal code says about OI
Zoning description
The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip generating uses, including office parks, research and development parks, corporate…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Morrisville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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