| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 76th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Osage Dr, Holly Springs, NC, 27540, US |
| Region / Metro | Holly Springs |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2015-11-13 |
| Transaction Price | $51,165,000 |
| Buyer | CCC VILLAGES AT PECAN GROVE LLC |
| Seller | HOLLY SPRINGS NC APARTMENTS LP |
1000 Osage Dr Holly Springs Multifamily Opportunity
Positioned in a high-income suburban pocket with steady renter demand and household growth, the asset benefits from fundamentals that support leasing stability, according to WDSuite s CRE market data.
Holly Springs A- rated neighborhood ranks 77 out of 331 within the Raleigh Cary metro, placing it in the top quartile among metro neighborhoods for overall fundamentals based on WDSuite s CRE market data. The area skews suburban with family-friendly amenities and parks performing well nationally, while daily needs are met by nearby grocery options; cafes and pharmacies are thinner locally, reinforcing a drive-oriented lifestyle.
Schools in the neighborhood rate above most peers (average around 4 of 5; top quartile metro standing), which supports family renter retention. Neighborhood contract rents benchmark higher than many areas (mid-to-upper tier nationally), while rent-to-income levels sit near the middle of national peers, suggesting manageable affordability pressure for lease renewals rather than a pricing ceiling.
Occupancy at the neighborhood level is in a middle band relative to the metro, indicative of stable but competitive leasing conditions. Within a 3-mile radius, households and population have expanded materially over the past five years with additional growth projected, signaling a larger tenant base over time. Renter concentration in this 3-mile area is roughly one-fifth of housing units, providing a sufficient pool for 24-unit product while still competing with a sizable owner-occupied base.
Home values in the neighborhood are elevated versus national norms, which tends to sustain reliance on multifamily options and supports lease retention. The property s 2013 construction is older than the neighborhood s newer average stock, creating room for targeted value-add or modernization to remain competitive against assets built in the last decade.
Safety metrics compare favorably on a national basis. Property offenses track in the top tier nationally and recent year-over-year declines are notable, while violent offense measures sit in the upper ranges of national safety. Relative to the broader region, these patterns point to a suburban submarket where safety trends are a supportive, though not singular, component of renter appeal.
Nearby employers span insurance, industrial equipment training, and healthcare distribution, supporting a diversified white-collar and skilled workforce tenant base with reasonable commutes for renters.
- Erie Insurance Group insurance (7.6 miles)
- MetLife Auto & Home Craig Conley LUTCF insurance (9.2 miles)
- MetLife insurance (13.9 miles)
- John Deere Morrisville Training Center industrial equipment training (14.5 miles)
- Amerisource Bergen healthcare distribution (15.2 miles)
This 24-unit, 2013-vintage asset sits in a top-quartile neighborhood within the Raleigh Cary metro, where elevated home values and strong school quality underpin stable family-oriented renter demand. Neighborhood occupancy trends are mid-pack, but 3-mile household and income growth expand the tenant base, supporting steady leasing with measured pricing power. The property s vintage is slightly older than the area s newer delivery profile, presenting an opportunity to capture value via selective upgrades to compete with recent stock.
According to CRE market data from WDSuite, local rents benchmark above many U.S. neighborhoods while rent-to-income metrics point to moderate affordability pressure, which can aid retention and limit turnover volatility. Given sustained population and household growth within a 3-mile radius, long-term fundamentals favor durable demand, with balanced risk from a suburban amenity mix and an ownership-tilted housing base.
- Top-quartile neighborhood within the Raleigh Cary metro supports renter appeal
- Household and income growth within 3 miles expands the tenant base
- Elevated home values help sustain reliance on multifamily, aiding retention
- 2013 vintage offers practical value-add via targeted modernization to compete with newer supply
- Risks: suburban amenity dispersion, mid-pack occupancy, and competition from owner-occupied housing