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Property profile & analytics
OFF-MARKET
Estimated value
$27,550,000
Manufacturing properties
4018 Stirrup Crk Dr, Durham, NC 27703-9000
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2001023
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Total area
96,795 SF
Lot
16.89 ac (735,728 SF)
Zoning code
IL
APN
157296
UPID
US53-2001023
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
-
MedPharm USA CTM & Commercial Production Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$27.55M
CAP Approach
CAP
$19.68M
Comparable Approach
Comparable
$22.24M
Blend (final)
Blend
$27.55M
Owner & transaction history
Alidade Sd Stirrup Creek LLC · 2 yrs held
Alidade Sd Stirrup Creek LLC
since 2024
Last sale
$27.6M
6 recorded transactions
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$41.3M
+145.5%
Auto repair, garage
$28.2M
+67.7%
Apartment house (5+ units)
$25.8M
+53.4%
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
$27,550,000
ML approach
$27,550,000
CAP Approach
CAP Return
Estimation
6%
$21,320,000
6.5%
$19,680,000
7%
$18,275,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,830,000
Current use
RESTAURANT
$41,310,000
Change: +145% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,230,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$25,815,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$23,790,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$23,525,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$22,110,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$27.55M
Range $24.80M – $30.31M · ±10% · vs last sale $27.55M (Jun 28 2024)
Last sale anchor
$27.55M
Jun 28 2024
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
$285 / 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
$110,986
Tax year 2023
Assessed value
$7,956,543
Assessed 2024
Previous assessed
$7,956,543
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$753,888
Assessed improvement
$7,202,655
Land market value
$753,888
Improvement market value
$7,202,655
Total market value
$7,956,543
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
96,795 SF
Lot
16.89 ac (735,728 SF)
Zoning code
IL
APN
157296
UPID
US53-2001023
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
INDUSTRIAL (GENERAL) Current
Est. value
$16.8M
RESTAURANT
Est. value
$41.3M
AUTO REPAIR, GARAGE
Est. value
$28.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.8M
RETAIL STORES
Est. value
$23.8M
COMMERCIAL (GENERAL)
Est. value
$23.5M
OFFICE BUILDING
Est. value
$22.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2017
Heating
NONE
Stories
1
Lot
16.89 ac
Current owner
From public records · entity-resolved
Alidade Sd Stirrup Creek LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15245 SHADY GRV RD STE #210, ROCKVILLE, MD 20850-6247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Alidade Sd Stirrup Creek LLC
—
Deed
related
$17,000,000 · Standard Insurance Co
Jun 28, 2024
$27,550,000
Alidade Sd Stirrup Creek LLC
Stirrup Creek LLC
Special Warranty Deed
—
Jul 31, 2017
$7,784,000
Lifestar Pharma LLC
Scannell Properties 230 LLC
Grant Deed
—
Jul 31, 2017
—
Lifestar Pharma LLC
Scannell Properties 230 LLC
Quit Claim Deed
related
—
Jul 29, 2015
—
Scannell Properties 230 LLC
Triangle Park Raleigh Pip LP
Quit Claim Deed
related
—
Jul 29, 2015
$807,000
Scannell Properties 230 LLC
Triangle Park Raleigh Pip LP
Grant 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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