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Property profile & analytics
OFF-MARKET
Estimated value
$7,865,000
Office buildings
4016 Stirrup Crk Dr, Durham, NC 27703-9000
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2770125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
32,683 SF
Lot
3.01 ac (131,116 SF)
Zoning code
IL
APN
224436
UPID
US53-2770125
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
-
DuPont Electronics & Imaging Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.94M
CAP Approach
CAP
$8.29M
Comparable Approach
Comparable
$9.19M
Blend (final)
Blend
$7.87M
Owner & transaction history
Tbc Stirrup Creek Owner LLC · 3 yrs held
Tbc Stirrup Creek Owner LLC
since 2022
Last sale
$7.9M
1 recorded transaction
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+27.7%
Apartment house (5+ units)
$8.7M
+16.8%
Retail stores
$8.0M
+7.6%
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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$7,250,000
ML approach
$7,935,000
CAP Approach
CAP Return
Estimation
6%
$8,975,000
6.5%
$8,285,000
7%
$7,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,465,000
Current use
AUTO REPAIR, GARAGE
$9,530,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,715,000
Change: +17% · Conversion: Easy
RETAIL STORES
$8,035,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,945,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$7.87M
Range $7.08M – $8.65M · ±10% · vs last sale $7.92M (Nov 15 2022)
Last sale anchor
$7.92M
Nov 15 2022
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
$241 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$75,463
Tax year 2024
Assessed value
$5,409,901
Assessed 2024
Previous assessed
$5,409,901
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$446,625
Assessed improvement
$4,963,276
Land market value
$446,625
Improvement market value
$4,963,276
Total market value
$5,409,901
Applied tax rate
55.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Heating
YES
Cooling
YES
Stories
1
Total area
32,683 SF
Lot
3.01 ac (131,116 SF)
Zoning code
IL
APN
224436
UPID
US53-2770125
Jurisdiction
DURHAM
Zoning & alternative use
IL · Durham, NC
Zoning IL · permitted uses
IL · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
RETAIL STORES
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Tbc Stirrup Creek Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2001 ROSS AVE STE #2800, DALLAS, TX 75201-2930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$79,233,500
Tbc Stirrup Creek Owner LLC
Copper II 2020 LLC
Special Warranty Deed
—
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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