| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 70th | Good |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Cinema Dr, Fuquay Varina, NC, 27526, US |
| Region / Metro | Fuquay Varina |
| Year of Construction | 2013 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 Cinema Dr Fuquay-Varina Multifamily Investment
Neighborhood occupancy is resilient and renter demand benefits from strong household incomes, according to WDSuite’s CRE market data. Pricing power should be supported by an owner-leaning housing mix and above-median rents at the neighborhood level.
Fuquay-Varina sits within the Raleigh-Cary metro and this suburban neighborhood carries a B+ rating (ranked 91 of 331 metro neighborhoods), indicating broadly attractive fundamentals for long-term holders. Neighborhood occupancy is strong and in the top quartile nationally (rank 73 of 331; national percentile 86), a signal of demand depth and potential lease stability relative to many U.S. submarkets.
Rents benchmark above national medians (national percentile 84), while neighborhood NOI per unit performance is competitive among Raleigh-Cary neighborhoods (rank 18 of 331), suggesting income durability when assets are well managed. The area’s renter-occupied share remains below half, pointing to an owner-leaning housing base that can reinforce multifamily demand for quality product and support retention among tenants who value professionally managed options.
Within a 3-mile radius, population and household counts have expanded over the last five years and are projected to continue growing through 2028, expanding the tenant base and supporting occupancy stability. Household incomes within 3 miles trend high by national comparison, which can underpin collections while requiring thoughtful lease management where rent-to-income pressure emerges.
Local quality-of-life drivers are supportive for families and working professionals: average school ratings are strong (national percentile 84), grocery and pharmacy access track around national midrange, and childcare density is above average (national percentile 71). While cafes and park acreage are thinner than urban cores, the suburban location offers access to broader Raleigh employment corridors, which remains a key driver of renter demand.
Safety indicators are mixed relative to national benchmarks. Overall neighborhood crime ranks 105 out of 331 within the Raleigh-Cary metro and sits below the national median (national percentile 40), suggesting conditions that warrant standard risk management and on-site security practices typical for suburban assets.
By offense type, estimated property crime has moved lower in the most recent year (around the 60th percentile nationally), while violent-offense measures are below the national median (around the 40th percentile) and have shown recent volatility. Operators can mitigate exposure through lighting, access controls, and resident engagement to support leasing and retention.
Proximity to regional employers supports commute convenience and a stable renter pool, notably MetLife, AmerisourceBergen, Biogen Idec, Cisco Systems, and Quintiles Transnational Holdings.
- MetLife — insurance & technology hubs (15.9 miles)
- AmerisourceBergen — pharmaceutical distribution offices (17.5 miles)
- Biogen Idec — biotechnology offices (18.8 miles)
- Cisco Systems — networking & enterprise tech offices (19.2 miles)
- Quintiles Transnational Holdings — clinical research (19.7 miles) — HQ
Built in 2013, this 32-unit asset positions as relatively modern within a suburban, owner-leaning neighborhood where occupancy is in the top quartile nationally and neighborhood-level NOI per unit ranks competitive among Raleigh-Cary peers. According to CRE market data from WDSuite, above-median rents and strong school ratings, combined with a growing 3-mile renter pool, support income stability when paired with disciplined operations.
Household incomes trend high locally and home values sit above national medians, which can sustain reliance on quality rentals and help retention, though affordability pressure should be monitored. Given the vintage, investors may prioritize targeted upgrades and amenity refreshes over heavy systems replacement to enhance leasing velocity and support rent growth while maintaining prudent expense controls.
- High neighborhood occupancy and competitive NOI per unit support durable income potential
- 2013 vintage allows targeted value-add and amenity refresh versus heavy systems overhauls
- Strong 3-mile household incomes and above-median home values reinforce multifamily demand and retention
- Risks: owner-leaning tenure, thinner nearby lifestyle amenities, and safety variability require proactive operations and lease management