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    16 Martin St Raleigh, NC 27601

    Sponsored
    For Lease
    $23 SF/Yr

    Raleigh Office Space: 10 Suites Available

    Lot size:
    55,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Capital Club, a distinguished 1929 landmark building designed by Frank B. Simpson, presents a unique opportunity for businesses seeking executive office space in the heart of downtown Raleigh, NC. Located at 16 W Martin Street, this Class B building offers a total of 55,522 square feet, encompassing two suites. Currently, there are 18,969 square feet of vacant space available, divisible into units ranging from a minimum of 686 square feet to a maximum contiguous space of 3,955 square feet. Ten individual suites are currently available for lease. The building's prime location in Wake County, zip code 27601, provides excellent access to Raleigh's vibrant business district and amenities. This iconic property seamlessly blends historical charm with modern functionality, offering tenants a prestigious address and a sophisticated work environment. The building's rich history and elegant design create a unique and memorable experience for both employees and clients. This is an exceptional opportunity to secure high-quality office space in a landmark building within a thriving urban center. Inquire today to learn more about the available suites and lease terms.

    Property Features for 16 Martin St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,522 SF
    Class
    B
    Total Rate
    106417.17

    Building Details

    Year Built
    1929

    Unit(s) available at that property

    Space
    Suite 101 Retail
    Size
    1,583 SF
    Rate per SF
    $32
    Space
    Suite 102
    Size
    2,610 SF
    Rate per SF
    $25
    Space
    Suite 204-205
    Size
    817 SF
    Rate per SF
    $29
    Space
    office Suite 206-207
    Size
    686 SF
    Rate per SF
    $29
    Space
    Suite 304-305 Office
    Size
    580 SF
    Rate per SF
    $29
    Space
    Suite 308-310 Office
    Size
    1,076 SF
    Rate per SF
    $29
    Space
    Suite 401
    Size
    2,623 SF
    Rate per SF
    $27
    Space
    Suite 600 office
    Size
    3,955 SF
    Rate per SF
    $23
    Space
    Suite 402 office
    Size
    1,084 SF
    Rate per SF
    $25
    Space
    Suite 500 office
    Size
    3,955 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Jordan Evia L Attorney ALPS Insights Software Company 3Q Digital Raleigh Marketing Agency 9miles Media Marketing Agency The Brinkley Insurance Group Insurance Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6399846
    Latitude
    35.7771248

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    FAQs

    What type of property is this?
    Office Property / Space - Raleigh Office Space: 10 Suites Available
    Where is this office property / space located?
    The property is located at 16 Martin St Raleigh, NC.
    What is the lease rate?
    The lease rate is $23-$32 SF/Yr.
    Request Owner's contact information
    16 Martin St Raleigh, NC 27601
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    Raleigh, NC 27601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Martin St Raleigh, NC 27601
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