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Property profile & analytics
OFF-MARKET
Estimated value
$26,210,000
Office buildings
3900 Paramount Pkwy, Morrisville, NC 27560-7200
Entity Owned
~
Est. High Equity
Property ID
US53-1205559
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
105,830 SF
Lot
10.86 ac (473,062 SF)
Zoning code
OI
APN
0756.01-06-0479 0240160
UPID
US53-1205559
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.55M
Comparable Approach
Comparable
$29.48M
Blend (final)
Blend
$26.21M
Owner & transaction history
3900 Paramount Pkwy Owner LLC
3900 Paramount Pkwy Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
OI · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$36.5M
+61.6%
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,090,000
6.5%
$30,545,000
7%
$28,365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$22,555,000
Current use
MEDICAL BUILDING
$36,460,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$26.21M
Range $23.59M – $28.83M · ±10%
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
$248 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$447,974
Tax year 2023
Assessed value
$42,136,972
Assessed 2023
Previous assessed
$42,136,972
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,784,496
Assessed improvement
$38,352,476
Land market value
$3,784,496
Improvement market value
$38,352,476
Total market value
$42,136,972
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
105,830 SF
Lot
10.86 ac (473,062 SF)
Zoning code
OI
APN
0756.01-06-0479 0240160
UPID
US53-1205559
Jurisdiction
WAKE
Zoning & alternative use
OI · Morrisville, NC
Zoning OI · permitted uses
OI · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$22.6M
MEDICAL BUILDING
Est. value
$36.5M
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
10.86 ac
Current owner
From public records · entity-resolved
3900 Paramount Pkwy Owner LLC
Entity
Mailing address
50 ROCKEFELLER PLZ FL #2, NEW YORK, NY 10020-1635
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$33,000,000
3900 Paramount Pkwy Owner LLC
Morrisville Landlord Nc LP
Special Warranty Deed
—
Nov 6, 2023
—
Morrisville Landlord Nc LP
—
Deed
related
$335,000,000 · Jpmorgan Chase Bank NA
Mar 13, 2019
$52,350,000
Ppd Morrisville Nc LP
Triangle LP RT Research
Grant Deed
—
Nov 7, 2018
—
RT Research Triangle LP
—
Grant Deed
related
$695,341,164 · Barclays Bk/plc
Dec 2, 2010
—
RT Miramar I LLC
—
Deed Of Trust
related
$89,500,000 · Metropolitan Life Insurance
Apr 5, 2010
—
Dh Research Triangle LLC
Duke Realty Of Indiana LP
Grant Deed
related
—
—
—
Dh Research Triangle LLC
—
Deed Of Trust
related
$16,500,000 · Metropolitan Life Insurance
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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