Property summary
Somerset, located at 4505 + 4515 Falls of Neuse Road in Raleigh, NC 27609, offers a prime opportunity for businesses seeking executive office space in Wake County. This Class A office building boasts a total of 169,700 square feet, with 70,875 square feet currently vacant and available for lease. Multiple tenancy options are available, ranging from a minimum of 1,582 square feet to a maximum contiguous space of 9,348 square feet. The building's convenient location near Midtown Raleigh provides easy access to a wide array of restaurants, shopping, fitness centers, and entertainment venues, catering to the needs of today's workforce. The property is ideally situated for businesses seeking a vibrant and accessible location. This exceptional office space presents a unique opportunity to establish or expand your business in a highly desirable area of Raleigh. The building's amenities are designed to meet the demands of modern businesses, creating a productive and comfortable work environment. With its strategic location and flexible space options, Somerset is an excellent choice for companies of various sizes. Contact us today to learn more about leasing opportunities and explore how this exceptional property can meet your business needs. The property is conveniently located in Wake County, North Carolina.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Postal Service Courier Service
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Construction Company General Contractor
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Pharmacy
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Media Distribution
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The OX-7 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OX-7 · Raleigh, NCThe OX-7 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The OX-7 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OX-7 in Raleigh, NC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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