Fully Leased Raleigh Office
4904 Waters Edge Drive, Raleigh, NC 27606
Stabilized investment opportunity near NC State University.
Type:Office
Property size:
15,337 SF- Added:
- Nov 26, 2025
- Days on Market:
- 177
- Last Refresh:
- Dec 29 at 7:40 pm
Property Features for 4904 Waters Edge Drive
General Information
- Standard status
- Active
- Size
- 15,337 SF
- Property subtype
- Office
Listing agent Katelyn Munsinger License #0728731
Listing office Premier Property Group (936) 967-4546
Listing date Nov 26, 2025
Source Lee-associates
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Premier Property Group
HighLights
- Fully leased 15,337 RSF office building providing stable cash flow with a NOI of $182,786.
- Prime location in Southwest Raleigh, only 5 minutes from NC State University, with excellent access to I‑40 and I‑440.
- Located within a designated Opportunity Zone, offering potential tax benefits and long‑term appreciation.
- Strong tenant base with 19 tenants under full‑service leases.
- Convenient access to RTP, Cary, and RDU via major highways (I‑40, I‑440, U.S. Highway 70).
- Situated on 1.44 acres with 38 on‑site parking spaces plus street parking.
Overview
The property at 4904 Waters Edge Drive is a fully leased, two-story office building containing 15,337 rentable square feet. Situated on 1.44 acres, the property is located in the southwest Raleigh submarket, approximately five minutes from NC State University. The property is located within a designated Opportunity Zone. The building is occupied by 19 tenants under full service leases. The location provides convenient access to I-40, I-440, and U.S. Highway 70, connecting to RTP, Cary, and RDU. The property has 38 on-site parking spaces, plus street parking. The property is located in a professional office park at the Jones Franklin Road intersection with I-440 and has ample amenities nearby. The property's net operating income is $182,786, with operating expenses of $7.65 per square foot. Proximity to NC State University and Centennial Campus, WakeMed, Crossroads Plaza, and Fenton.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Renee Pugh
Foster Care Service
North Carolina Horse ...
Advocacy Group
Chet Adams Co
Production Facility
Foundations Family Therapy
Medical Clinic
The Dawson Center, PLLC
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7206682
- Latitude
- 35.7744274
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Stabilized investment opportunity near NC State University.
Where is this office building located?
The property is located at 4904 Waters Edge Drive Raleigh, NC.
What are key features of this property?
This property features: Fully leased 15,337 RSF office building providing stable cash flow with a NOI of $182,786.; Prime location in Southwest Raleigh, only 5 minutes from NC State University, with excellent access to I‑40 and I‑440.; Located within a designated Opportunity Zone, offering potential tax benefits and long‑term appreciation.
