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Capital Club

Off-Market

16 West Martin Street, Raleigh, NC 27601

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 55,522 SF
  • Lot Size 0.11 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1930

Location

  • City Raleigh, NC
  • Neighborhood Downtown Raleigh
  • Zip Code 27601
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 22 Nov, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Raleigh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Raleigh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.63
  • 2020 Office Vacancy Rate 9.63%
  • 2020 Office Completions (SF) 944,005

Raleigh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $308.70
  • Y-o-Y Avg. PpSF Change 9.21%
  • 2020 Office Sales Volume $430.9M
  • 2020 Number of Transactions 9
View more Raleigh market trends

Tax

  • Base Tax $118,581
  • Current Tax $59,290
  • Market Value* $12,187,173
  • Assessed Value $12,187,173

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Capital Club?

Capital Club totals 55,522 square feet.

When was this property built?

Capital Club was built in 1930.

When was Capital Club last sold?

Capital Club was last sold on 22 Nov, 2019.

What is the market value for Capital Club?

The market value* for Capital Club in 2021 was $12,187,173.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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