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Property profile & analytics
FOR LEASE
Office buildings
5200 W Paramount Pkwy, Morrisville, NC 27560
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2211942
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
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
$46.00M
Comparable Approach
Comparable
$44.39M
Blend (final)
Blend
$39.47M
Owner & transaction history
Raleigh 1 LP · 7 yrs held
Raleigh 1 LP
since 2018
2 recorded transactions
Zoning & alternative use
OI · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$54.9M
+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%
$49,830,000
6.5%
$45,995,000
7%
$42,710,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$33,965,000
Current use
MEDICAL BUILDING
$54,900,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$39.47M
Range $35.52M – $43.41M · ±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
$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
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
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, 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
$34.0M
MEDICAL BUILDING
Est. value
$54.9M
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
24.05 ac
Current owner
From public records · entity-resolved
Raleigh 1 LP
Entity
Free & Clear · 7 yrs held
Mailing address
3020 CARRINGTON ML BLVD STE #425, MORRISVILLE, NC 27560-5434
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2018
$86,100,000
Raleigh 1 LP
Svt 5200 Paramount LP
Grant Deed
—
Apr 14, 2015
$43,000,000
Svt 5200 Paramount LP
Duke Construction LP
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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