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4030 Wake Forest Road 4030 Wake Forest Rd 29,536 SF 100% Leased Office Building Raleigh, NC 27609 $4,400,000 ($148.97/SF)

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Investment Highlights

  • Multi Tenant, Office Investment Opportunity | Three (3) Story Office Building
  • Well Maintained Building with Ample Surface Parking (101 Spaces)
  • Heavily Trafficked, Wake Forest Road Frontage with Dedicated Signage
  • Owner-User Potential: WALT: 2 Years | Nearly 50% of GLA has No Renewal Options
  • Established Tenant Mix: Healthcare, Legal, Real Estate, and US Government
  • New Roof Installed 2011 (20-Yr Warranty); 2-Rooftop HVAC Units (40-Ton 2013/30-Ton 2015)

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
29,536 SF
Building Class
B
Year Built
1999
Price
$4,400,000
Price Per SF
$148.97
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,845 SF
Slab To Slab
13’
Building FAR
0.37
Lot Size
1.85 AC
Zoning
OX-3 - Commercial
Parking
125 Spaces (4.23 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • Jan 0000

tate Farm is one of the largest insurance and financial services organizations in the United States, operating as a mutual company owned by its policyholders. Founded in 1922, the company has built a longstanding reputation for stability, scale, and customer-focused service across personal, commercial, and financial product lines. The organization provides a broad range of offerings, including auto, home, renters, life, health, and business insurance, along with banking, lending, and investment services through affiliated entities. State Farm serves tens of millions of customers nationwide and maintains one of the most extensive insurance distribution networks in the country through independent local agents supported by centralized enterprise operations. As a mutual insurer, State Farm prioritizes long-term financial strength, risk management, and policyholder value over short-term market performance. The company consistently ranks among the largest insurers in North America by premiums written and policies in force, particularly in auto and homeowners insurance. State Farm operates at national scale with a highly integrated organizational structure encompassing underwriting, claims, technology, analytics, legal, compliance, marketing, and customer service functions. Its operations are supported by a large professional workforce and advanced digital platforms designed to enhance claims handling, customer experience, and operational efficiency. Guided by a strong brand identity and a long-standing emphasis on trust and reliability, State Farm continues to play a central role in the U.S. insurance and financial services landscape.

Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - - Jan 0000

Property Taxes

Property Taxes

Parcel Number
1715.06-49-5145-000
Land Assessment
$1,776,258
Improvements Assessment
$1,546,244
Total Assessment
$3,322,502
  • Listing ID: 39113610

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 4030 Wake Forest Rd, Raleigh, NC 27609

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