| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 77th | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 Airport Rd, Mebane, NC, 27302, US |
| Region / Metro | Mebane |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1015 Airport Rd Mebane NC 20-Unit Multifamily
Renter demand is supported by strong 3-mile household and income growth, while neighborhood schools and amenities compare favorably to regional norms, according to WDSuite s CRE market data. The property s 1989 vintage suggests potential value-add via interior and systems upgrades in a submarket with mid-range rent-to-income levels.
This inner-suburb location in Mebane offers a livable mix of daily needs and commuter access, with neighborhood amenities scoring around the middle of national comparisons and stronger density in groceries, pharmacies, and restaurants than many peers. Neighborhood schools average 4.0 out of 5 and sit in the top quartile nationally, which can help leasing velocity and retention among family renters.
The neighborhood ranks 2 out of 53 Burlington metro neighborhoods with an A+ rating, indicating competitive fundamentals relative to the region. Median household income and home values track above national midpoints, reinforcing a high-cost ownership context that can sustain reliance on multifamily rentals and support pricing discipline without overreaching.
Renter-occupied housing accounts for roughly 44% of neighborhood units, signaling a meaningful tenant base for a 20-unit asset. Neighborhood occupancy is below the national median and has edged down over the past five years; investors should plan for hands-on leasing and asset management to defend occupancy while capturing rent on renewals where performance supports it.
Within a 3-mile radius, the population and household counts have expanded materially over the last five years, with additional growth projected. This broadens the renter pool and supports absorption. The property s 1989 construction is older than the neighborhood s average vintage (early 2000s), pointing to practical value-add opportunities through unit renovations and system modernization to remain competitive against newer stock.
Safety indicators for the neighborhood are better than national averages overall, based on WDSuite s CRE market data, placing the area in a higher national percentile for safety compared with neighborhoods nationwide. That positioning can aid resident retention and broaden the tenant profile.
Recent data also show year-over-year increases in violent incidents, even as property-related incidents have trended down. Investors should underwrite with conservative security and operating plans and monitor trends at the neighborhood level rather than block-level conclusions.
Proximity to life sciences and technology employers supports a diversified renter base and commute convenience for workforce tenants, including Laboratory Corp. of America, Cisco Systems, Biogen, and IQVIA (Quintiles). The following nearby employers anchor regional job demand:
- Laboratory Corp. of America diagnostics & life sciences (8.9 miles) HQ
- Cisco Systems technology (26.7 miles)
- Cisco Systems, Building 8 technology (27.1 miles)
- Biogen Idec biotechnology (27.5 miles)
- Quintiles Transnational Holdings clinical research (28.1 miles) HQ
The investment case centers on durable renter demand from a growing 3-mile population and household base, a neighborhood ranked 2 of 53 in the Burlington metro, and schools in the top quartile nationally. Renter concentration near mid-40% supports depth of demand, while a mid-range rent-to-income profile favors lease retention. According to CRE market data from WDSuite, neighborhood occupancy sits below the national median and has softened modestly over five years, favoring active management and value-focused leasing.
Built in 1989, the asset is older than the neighborhood s early-2000s average, highlighting practical value-add upside via interior renovations and system updates to remain competitive against newer stock. Elevated ownership costs in the area help sustain reliance on rentals, and proximity to regional life sciences and tech employers broadens the tenant base and supports occupancy stability over a full cycle.
- Neighborhood ranks 2 of 53 in the Burlington metro with strong school ratings, aiding leasing and family renter appeal.
- 3-mile population and household growth expands the renter pool, supporting absorption and renewal performance.
- 1989 vintage creates clear value-add pathways through interior and building-system upgrades.
- Proximity to life sciences and technology employers underpins tenant demand and commute convenience.
- Risks: neighborhood occupancy below national median, recent uptick in violent incidents, and competitive pressure from newer stock.