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Property profile & analytics
OFF-MARKET Estimated value $6,615,000
Office buildings

16 Martin St Raleigh, NC 27601-1341

55,522 SF 0.11 ac lot Built 1930
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US53-2023418
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1930
Construction BRICK
Total area 55,522 SF
Lot 0.11 ac (4,792 SF)
Zoning code DX-12
APN 1703.34-67-7987 0073000
UPID US53-2023418
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
  • Jordan Evia L Law Firm
  • ALPS Insights (Bike/Boat/Book/etc) Store Corporate Office
  • 3Q Digital Raleigh Advertising Agency Marketing & Advertising
  • 9miles Media Advertising Agency Marketing & Advertising
  • The Brinkley Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.62M
Owner & transaction history
Capital Club Bldg Owner LLC · 6 yrs held
Capital Club Bldg Owner LLC
since 2019
6 recorded transactions
2019
$12.5M
2016
Price N/A
2016
$7.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DX-12 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The DX-12 is intended to provide for intense mixed use development of the Citysdowntown area

Zone name Downtown Mixed Use
General category MIXED_USE
Zone area 8.10 ac
Source Realmo
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