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North Park - 4900 Falls of Neuse Road

Off-Market

4900 Falls of Neuse Road, Raleigh, NC 27609

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  • Property Type Office - General Office
  • Property Size 32,527 SF
  • Lot Size 3.32 Acre
  • Parking Spaces Avail. 126
  • Parking Ratio 3.90/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1983

Location

  • City Raleigh, NC
  • Neighborhood Brook Forest
  • Zip Code 27609
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 17 Mar, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Raleigh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Raleigh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.63
  • 2020 Office Vacancy Rate 9.63%
  • 2020 Office Completions (SF) 944,005

Raleigh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $308.70
  • Y-o-Y Avg. PpSF Change 9.21%
  • 2020 Office Sales Volume $430.9M
  • 2020 Number of Transactions 9
View more Raleigh market trends

Tax

  • Property Tax in 2021 $48,741
  • Market Value* $5,009,390
  • Assessed Value $5,009,390

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of North Park - 4900 Falls of Neuse Road?

North Park - 4900 Falls of Neuse Road totals 32,527 square feet.

When was this property built?

North Park - 4900 Falls of Neuse Road was built in 1983.

When was North Park - 4900 Falls of Neuse Road last sold?

North Park - 4900 Falls of Neuse Road was last sold on 17 Mar, 2016.

What is the property tax for North Park - 4900 Falls of Neuse Road?

The property tax for North Park - 4900 Falls of Neuse Road in 2021 was $48,741.

What is the market value for North Park - 4900 Falls of Neuse Road?

The market value* for North Park - 4900 Falls of Neuse Road in 2021 was $5,009,390.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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