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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Investment properties
313 Martin St Raleigh, NC 27601-1139
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0414880
Property summary
AI-generated overview
This newly renovated 1,200 square foot office suite is located in a vibrant mixed-use building in the heart of downtown Raleigh, offering a prime location near City Market and across from Moore Square Magnet Middle School. The 2-story building, constructed in 2004 and renovated in 2020, features a total of 4,642 square feet and four suites. This particular suite offers approximately 1,100 square feet of space, including a dedicated receiving area, a conference room, and individual offices. Shared hall bathrooms add approximately 100 square feet of common area. The suite is available immediately. The building boasts a spacious private parking lot with 13 spaces and a shared enclosed shaded outdoor area for tenants. The property sits on 0.32 acres of land and is zoned DX20. The monthly rent is $1,975, with no TICAM charges. Water and common area/exterior lighting are included in the rent; tenants are responsible for other utilities. The minimum divisible space is 1,100 square feet, with a maximum contiguous space of 1,200 square feet.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
4,642 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DX-20
APN
1703.35-87-4995 0051805
UPID
US53-0414880
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
-
Bender LeFante Law Offices, PC Law Firm Child Welfare Organization
-
Raleigh Podcast Studio Recording Studio
-
Catalyst Design pllc Corporate Office
-
Gold Shield Tile & Grout Restoration General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$725k
Owner & transaction history
HOWARD F HADLEY
HOWARD F HADLEY
Zoning & alternative use
DX-20 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,686
Tax year 2023
Assessed value
$2,365,776
Assessed 2023
Previous assessed
$2,365,776
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,875,492
Assessed improvement
$490,284
Land market value
$1,875,492
Improvement market value
$490,284
Total market value
$2,365,776
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
2
Rooms
2
Total area
4,642 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DX-20
APN
1703.35-87-4995 0051805
UPID
US53-0414880
Jurisdiction
WAKE
Zoning & alternative use
DX-20 · Raleigh, NC
Zoning DX-20 · permitted uses
DX-20 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
2
Rooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
HOWARD F HADLEY
Individual
Free & Clear · 0 yrs held
Mailing address
210 GROVELAND AVE, RALEIGH, NC 27605-1631
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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