| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 72nd | Good |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4610 Holly Tree Rd, Wilmington, NC, 28409, US |
| Region / Metro | Wilmington |
| Year of Construction | 2001 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4610 Holly Tree Rd, Wilmington NC Multifamily Investment
Neighborhood occupancy is above the metro median and the 2001 vintage positions the asset competitively versus older local stock, according to WDSuite’s CRE market data.
This suburban pocket of Wilmington offers steady renter demand drivers for workforce and professional tenants. Neighborhood occupancy is competitive among Wilmington neighborhoods (29th of 78), and median contract rents sit above many peer areas in the metro and in the upper tier nationally. Stronger school options (average ratings near the top of the metro and top quartile nationally) can support leasing to households seeking stability.
Daily-life convenience is car-oriented: pharmacies and childcare show relatively strong presence compared with both metro and national baselines, while cafes, groceries, parks, and restaurants are thinner in immediate proximity. For investors, this typically translates to residents relying on nearby arterial retail rather than walking-oriented amenity clusters.
Within a 3-mile radius, population has inched up recently and households have grown faster, with projections calling for further household increases and smaller average household size. This points to a larger tenant base and more one- to two-person households entering the market, which can support occupancy stability and absorption for mid-size multifamily.
Home values benchmark in the higher tier regionally and above the national median, indicating a relatively high-cost ownership market. That context, combined with rent-to-income ratios that are not extreme by national standards, supports renter reliance on multifamily housing and can aid lease retention and pricing power in line with market conditions. Based on CRE market data from WDSuite, the neighborhood’s NOI per unit averages rank at the top among 78 metro neighborhoods, underscoring attractive operating fundamentals at the submarket level.
Safety indicators for the neighborhood track around the middle of national comparisons, with a mix of trends. Relative to the Wilmington metro, the neighborhood ranks 17th of 78 for crime rates, indicating it trails the metro average on this measure. Nationally, overall safety percentiles are mid-pack, suggesting conditions are neither among the most favorable nor the most challenged compared with peers.
Recent movement is mixed: estimated violent incidents have declined year over year (an improvement that places the area above many peers nationally), while property offenses showed an uptick over the same period. Investors should underwrite with standard loss-prevention and security considerations and monitor trend direction at the neighborhood level rather than block-by-block variation.
Proximity to established employers supports commute convenience and helps broaden the renter pool, particularly for skilled manufacturing and engineering roles referenced below.
- Corning Optical Fiber Wilmington — advanced materials manufacturing (4.0 miles)
The property’s 2001 construction is newer than the neighborhood’s average vintage, offering a competitive position versus 1980s-era stock while leaving room for targeted system updates or value-add finishes over a long hold. Neighborhood-level fundamentals are constructive: occupancy is above the metro median, school quality is strong, and higher regional ownership costs reinforce renters’ reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood NOI per unit performance ranks at the top of Wilmington’s 78 neighborhoods, aligning with efficient operations potential at scale for a 117-unit asset.
Within a 3-mile radius, modest population growth, a faster rise in household counts, and shrinking household size indicate renter pool expansion that can support leasing velocity and retention. While amenity density is car-oriented and safety trends are mixed, the balance of demand drivers and a competitive vintage create a straightforward, fundamentals-led thesis.
- 2001 vintage offers competitive positioning versus older local stock with selective upgrade potential
- Neighborhood occupancy above metro median supports income stability
- Strong school ratings and elevated ownership costs reinforce multifamily demand
- 3-mile area shows growing household counts and smaller household size, expanding the tenant base
- Risks: car-oriented amenity pattern and mixed safety trends warrant prudent underwriting and asset-level security planning