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Property profile & analytics
OFF-MARKET
Office Spaces

17 Martin St Raleigh, NC 27601

5,776 SF Built 1910
Property ID
Property summary
AI-generated overview

This exceptional two-story, 5,776 square foot office building, located at 17-19 W Martin St in downtown Raleigh, NC, presents a unique investment opportunity. Built in 1910, this Class B property boasts a blend of historic character and modern functionality, ideal for a variety of office uses including traditional office, executive suites, coworking spaces, or creative office environments. The building features two suites, currently fully vacant, offering immediate occupancy. Amenities include ample natural light from large windows in every office, a convenient reception area directly off the elevator on both floors, and two private restrooms per floor. An open kitchenette with operable appliances adds to the convenience. The property also benefits from an exterior open courtyard. Its prime location offers convenient walking distance to a variety of downtown restaurants and retail shops, and is directly across the street from the Wilmington Street Station Parking Deck, ensuring easy access for employees and clients. The building is zoned BUS and is situated in Wake County, zip code 27601. With its versatile space and desirable location, this property is poised for immediate success. The building has one structure, two stories, and includes elevators.

Property profile
Verified
Property type Office Spaces
Year built 1910
Total area 5,776 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Needle & Thread Co. Clothing & Fashion Store
  • Art by SRG Artist
  • Frills Atelier (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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