| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 47th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 510 Trail One, Burlington, NC, 27215, US |
| Region / Metro | Burlington |
| Year of Construction | 2010 |
| Units | 42 |
| Transaction Date | 2002-06-19 |
| Transaction Price | $1,043,000 |
| Buyer | UPSTREAM INVESTMENTS LLC |
| Seller | CLIFTON PLACE LLC |
510 Trail One Burlington NC Multifamily Investment 2010
Neighborhood occupancy is competitive among Burlington submarkets and renter-occupied housing is prevalent, supporting a stable tenant base according to WDSuite s CRE market data. This concise commercial real estate analysis highlights demand depth and newer-vintage positioning versus older local stock.
Located in Burlington s inner suburb, the property sits in a neighborhood rated B+ and ranked 17 out of 53 metro neighborhoods, indicating performance above the metro median. The area s occupancy level is strong for the metro (ranked 14 of 53), signaling steady leasing conditions at the neighborhood level rather than at the property itself, based on CRE market data from WDSuite.
Vintage dynamics matter: the average neighborhood construction year is 1983, while this asset was built in 2010. Newer construction typically offers a competitive edge versus older nearby stock, with potential for lower near-term capital needs and stronger tenant appeal, while still planning for systems upkeep and modernization over the hold.
The renter-occupied share of housing is high at the neighborhood level (ranked 2 of 53), indicating a deep pool of multifamily demand and supporting occupancy stability over time. Within a 3-mile radius, population and household counts have grown in recent years, and projections indicate further household expansion alongside smaller average household sizes factors that can broaden the renter pool and support leasing.
Local amenities are mixed: grocery access is comparatively strong (ranked 11 of 53), and childcare density ranks at the top of the metro (1 of 53). Caf E9s, parks, and pharmacies are limited within the immediate neighborhood (each ranked 53 of 53), so investors should weigh convenience trade-offs against core housing fundamentals. Home values sit on the lower end of national comparisons, which can create some competition from ownership options; however, neighborhood rent-to-income ratios are modest, supporting retention and lease management objectives.
Safety metrics are mixed relative to broader benchmarks. The neighborhood s crime rank is 22 out of 53 Burlington neighborhoods, indicating higher reported crime than the metro median. Nationally, safety percentiles sit below the midpoint, yet year-over-year trends show improvement with declines in both property and violent offense rates, according to WDSuite s CRE market data. Investors may consider standard security measures and underwriting for potential variability while noting recent directional improvement.
Proximity to established employers underpins workforce housing demand and commute convenience, notably from Laboratory Corp. of America, VF, Cisco Systems, Biogen, and Quintiles. These anchors broaden the potential tenant base and can aid retention for well-managed assets.
- Laboratory Corp. of America healthcare & diagnostics (2.2 miles) HQ
- VF apparel & corporate offices (19.0 miles) HQ
- Cisco Systems networking technology (35.7 miles)
- Biogen Idec biotechnology (36.5 miles)
- Quintiles Transnational Holdings contract research organization (37.4 miles) HQ
510 Trail One offers a 2010-vintage, 42-unit footprint in an inner-suburban Burlington neighborhood where renter-occupied housing is concentrated and neighborhood occupancy ranks favorably within the metro. Newer construction relative to the area s 1980s average can support competitive positioning against older stock, while prudent reserves for periodic modernization remain appropriate. Within a 3-mile radius, recent population and household growth with projections for additional household increases and smaller average household sizes points to a broader tenant base that can help sustain occupancy. According to CRE market data from WDSuite, neighborhood rent-to-income levels are manageable, reinforcing retention and lease stability considerations.
Investors should balance these strengths with practical risks. Local amenity coverage is uneven, and safety metrics are somewhat below national norms despite recent improvement. Home values are comparatively accessible in the area, which can create competition from ownership; thoughtful pricing and value-add strategies can help maintain leasing velocity and reduce turnover.
- Competitive neighborhood occupancy and high renter concentration support demand
- 2010 construction offers relative edge versus older local stock
- 3-mile radius shows population and household growth, expanding the renter pool
- Rent-to-income levels are manageable, aiding retention and pricing discipline
- Risks: thinner amenity set and below-national safety metrics; potential competition from ownership