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Property profile

4917 Waters Edge Dr Raleigh, NC 27606

FOR LEASE
Office buildings
Property ID
US53-0904009
16,534 SF 1.58 ac lot Built 1979
Last sale Mar 2026 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This move-in-ready office suite, totaling 1,083 square feet, is available for lease within the Waters Edge Office Park in Raleigh, North Carolina. Strategically located at the intersection of Jones Franklin Road and I-440, this property offers exceptional accessibility to I-40 and is conveniently situated near Cary Crossroads and a variety of amenities. The suite is part of a multi-tenant building featuring a traditional office layout. Interior and exterior renovations are currently…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$1.65M
Assessed land$605k
Assessed improvement$1.04M
Effective rate1.09%

Value estimate

· Oct 2026
$1.88M
$1.69M – $2.07M
Submarket $/SF estimate$2.34M
NOI build-up
Gross scheduled income$994k
Vacancy & credit loss−$167k
Operating expenses−$207k
NOI · 31,440.67% cap applied$620k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$195/SF
Submarket average, outlier-cleaned · 533 recorded sales of this use type
Observed band · Q1–Q3$142 – $259
Qualifying comparables5

Cap rate analysis

How does the asset earn?
31,440.67%
$620k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OX-3
The OX-3 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.0
Restaurant18.2
Hair Salon17.7

Location

4917 Waters Edge Dr Raleigh, NC 27606
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales 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
5520 Capital Ctr, Raleigh, NC 27606-3359 $9,378,000 Dec 2024 34,788 SF
4900 Waters Edge, Raleigh, NC 27606-2463 $3,100,000 Apr 2024 20,832 SF
1100 Situs, Raleigh, NC 27606-5446 $7,084,600 Jun 2022 40,770 SF
4807 Beryl Rd, Raleigh, NC 27606-1406 $15,160,000 Oct 2021 25,720 SF
4909 Waters Edge, Raleigh, NC 27606-2462 $1,076,000 Oct 2021 10,390 SF
559 Jones Franklin, Raleigh, NC 27606-7622 $178,500 May 2019 4,920 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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