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Financial
Distress signals
Property profile

5221 Paramount Pkwy Morrisville, NC 27560

OFF-MARKET
Office buildings
Property ID
US53-1286315
140,192 SF 11.01 ac lot Built 2008
Last sale Sep 2020 · $51,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Lenovo Building III is an office property located at 5221 Paramount Pkwy in Morrisville, North Carolina, configured into multiple office units. The building offers office space configurations ranging from approximately 34,458 to 137,833 square feet, allowing for different size occupancies within the property.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$343k
Tax billed · 2023
Assessed value$32.31M
Assessed land$3.39M
Assessed improvement$28.92M
Effective rate1.06%

Value estimate

· Oct 2026
$32.89M
$29.60M – $36.17M
CAP approach$40.47M
Submarket $/SF estimate$39.05M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$213/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$157 – $279

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OI
The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip...
General categoryCIVIC_INSTITUTIONAL
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center8.8
Locksmith8.7
Nail Salon8.5

Location

5221 Paramount Pkwy Morrisville, NC 27560-5422
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1010 Sync, Morrisville, NC 27560-5468 $4,415,000 Feb 2026 200,257 SF
6933 Louis Stephens, Morrisville, NC 27560-6372 $46,683,500 Feb 2025 205,614 SF
2121 Rdu Ctr, Morrisville, NC 27560-6250 $23,250,000 Oct 2023 116,308 SF
4000 Paramount, Morrisville, NC 27560-4700 $29,200,000 Jul 2022 95,034 SF
831 Slater, Morrisville, NC 27560 $36,793,000 May 2021 145,704 SF
2250 Perimeter Park, Morrisville, NC 27560-8892 $13,600,000 Nov 2020 110,970 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $38,565,000
    145,704 SF
    831 Slater Rd
    OFFICE BUILDING
    831 Slater Rd, Morrisville, NC 27560
    View Details
  • Value Estimation
    $30,790,000
    124,326 SF
    7025 Kit Crk Rd, Unit 5
    OFFICE BUILDING
    7025 Kit Crk Rd, Morrisville, NC 27560-9741
    View Details
  • Value Estimation
    $39,465,000
    159,360 SF
    5200 Paramount Pkwy
    OFFICE BUILDING
    5200 Paramount Pkwy, Morrisville, NC 27560-8499
    View Details
  • Value Estimation
    $19,140,000
    94,717 SF
    1600 Perimeter Park Dr
    OFFICE BUILDING
    1600 Perimeter Park Dr, Morrisville, NC 27560-0196
    View Details
  • Value Estimation
    $16,980,000
    80,374 SF
    1500 Perimeter Park Dr
    OFFICE BUILDING
    1500 Perimeter Park Dr, Morrisville, NC 27560-0195
    View Details
  • Value Estimation
    $15,455,000
    79,834 SF
    1700 Perimeter Park Dr
    OFFICE BUILDING
    1700 Perimeter Park Dr, Morrisville, NC 27560-8404
    View Details

Similar Nearby for Sale

  • Contact for pricing
    73,614 SF
    Class A Office Building
    Three-story office building convenient to RTP, Raleigh, Durham, and RDU.
    101 J Morris Commons Ln, Morrisville, NC 27560
    View Details
  • New
    Contact for pricing
    6,756 SF
    Flex/Assembly Office Suites
    Flex/assembly suites offer rated occupant capacity, private offices, and included water, power, and telecom services.
    4000 Bear Cat Way, Morrisville, NC 27560
    View Details
  • New
    Contact for pricing
    Retail and Office Development Site
    Approved site for 33,000 SF retail and office development.
    5802 & 5904 S Miami Blvd |, Durham, NC 27560
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    124,133 sqft
    New Office Building in Morrisville
    124,133 RSF office building in a mixed-use development.
    2952 Slater Road, Morrisville, NC 27560
    View Details
  • New
    $27 SF/Yr
    160,747 sqft
    Class A Office Building For Rent
    Two-story office building with modern renovations near Raleigh-Durham Airport.
    5200 W Paramount Parkway, Morrisville, NC 27560
    View Details
  • New
    $28.75 SF/Yr
    107,173 sqft
    Class A Office Building
    Three-story Class A office building near RDU International Airport.
    2250 Perimeter Park Dr, Morrisville, NC 27560
    View Details
  • New
    $33 SF/Yr
    196,057 sqft
    Modern Class-A Office Building
    Class-A office building near Raleigh-Durham Airport with modern amenities.
    3025 Carrington Mill Blvd, Morrisville, NC 27560
    View Details
  • New
    Contact for pricing
    200,000 sqft
    Modern Office Space in Perimeter Park
    Up to 200,000 SF available in master-planned Perimeter Park.
    1015 Sync Street, Morrisville, NC 27560
    View Details
  • New
    $30 SF/Yr
    97,893 sqft
    Class A Office Building
    Three-story office building near Raleigh-Durham International Airport.
    3300 Paramount Pkwy, Morrisville, NC 27560
    View Details
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