New search
Property profile & analytics
FOR LEASE
Office buildings
430 Davis Dr, Morrisville, NC 27560
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0083902
For Lease
1 / 10
$28 SF/Yr
430 Davis Dr, Morrisville, NC 27560
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
159,100 SF
Lot
13.11 ac (571,072 SF)
Zoning code
OI(D),SRP
APN
157872
UPID
US53-0083902
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
by Request
Comparable Approach
Comparable
$25.04M
Blend (final)
Blend
$19.24M
Owner & transaction history
Kymanox Corporation · 4 yrs held
Kymanox Corporation
since 2022
7 recorded transactions
Zoning & alternative use
OI(D),SRP · Morrisville, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.24M
Range $17.31M – $21.16M · ±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
$121 / 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
$29,697
Tax year 2024
Assessed value
$2,128,986
Assessed 2024
Previous assessed
$2,128,986
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,128,986
Land market value
$2,128,986
Total market value
$2,128,986
Applied tax rate
303.0000
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
For Lease
Year built
2001
Heating
PACKAGE
Stories
5
Total area
159,100 SF
Lot
13.11 ac (571,072 SF)
Zoning code
OI(D),SRP
APN
157872
UPID
US53-0083902
Jurisdiction
DURHAM
Zoning & alternative use
OI(D),SRP · Morrisville, NC
Zoning OI(D),SRP · permitted uses
OI(D),SRP · 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.
Building & site characteristics
From public records
Year built
2001
Heating
PACKAGE
Stories
5
Lot
13.11 ac
Current owner
From public records · entity-resolved
Kymanox Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
1660 INTERNATIONAL DR STE #500, MCLEAN, VA 22102-4854
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Kymanox Corporation
Keystone 300 Leasehold Owner LLC
Lease
—
Jun 15, 2017
—
Aequum-keystone 200 LLC
—
Grant Deed
related
$35,800,000 · Keystone Grou Trust-2017a (ct)
Mar 14, 2017
—
Keystone 300 Leasehold Owner L
Aequum-keystone 300 LLC
Quit Claim Deed
—
Mar 14, 2017
$27,500,000
Aequum-keystone 300 LLC
Keystone 430 Ll LLC
Grant Deed
related
—
Sep 7, 2012
$27,640,843
Keystone 430 Ll LLC
Keystone 300 LLC
Grant Deed
related
—
Sep 7, 2012
—
Keystone 300 LLC
—
Deed Of Trust
related
$23,015,000 · Us Bank NA #2007-gg10 (ce)
—
—
Keystone 300 LLC
—
Deed Of Trust
related
$23,015,000 · Us Bank NA #2007-gg10 (ce)
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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
