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Financial
Distress signals
Property profile

4505 Falls Of Neuse Rd Raleigh, NC 27609

FOR LEASE
Office buildings
Property ID
US53-5648861
116,352 SF 3.49 ac lot Built 1984
Last sale Jun 2024 · $8,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
4505 Falls Of Neuse Rd, Raleigh, NC 27609 For Lease
$8,000,000 10,157 SF available
4505 Falls Of Neuse Rd, Raleigh, NC 27609
View Listing

Property summary

AI-generated overview

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…

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?
$149k
Tax billed · 2023
Assessed value$13.68M
Assessed land$2.12M
Assessed improvement$11.56M
Effective rate1.09%

Value estimate

· Oct 2026
$8.00M
$7.20M – $8.80M
AI approach$8.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 142 recorded sales of this use type
Observed band · Q1–Q3$127 – $228

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?
OX-7
The OX-7 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service rela...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility15.7
Wholesale Shop14.4
Storage Facility14.0

Location

4505 Falls Of Neuse Rd Raleigh, NC 27609
County assessor Recorded deeds · 5 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
6040 6th Frks, Raleigh, NC 27609-8601 $16,000,000 Feb 2026 11,665 SF
1001 Navaho, Raleigh, NC 27609-7335 $16,125,000 Jan 2026 38,905 SF
3803 Computer Dr, Raleigh, NC 27609-6541 $6,563,000 Mar 2025 28,372 SF
4200 6th Frks, Raleigh, NC 27609-5716 $137,500,000 Mar 2025 347,820 SF
5711 6th Frks, Raleigh, NC 27609-3890 $465,000 Mar 2025 32,462 SF
4030 Wake Frst, Raleigh, NC 27609-0010 $580,000 Feb 2025 31,352 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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