| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 35th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Wind Grove Way, Raleigh, NC, 27610, US |
| Region / Metro | Raleigh |
| Year of Construction | 2003 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 Wind Grove Way Raleigh Multifamily Investment
Early-2000s construction with neighborhood occupancy above the metro median points to durable leasing fundamentals, according to WDSuite’s CRE market data. Positioned in Raleigh’s inner suburb, the asset’s relative vintage supports competitive standing versus older stock while maintaining room for targeted upgrades.
Located in an Inner Suburb of Raleigh, the neighborhood carries a B- rating and ranks 165 out of 331 metro neighborhoods—roughly at the metro median. Neighborhood occupancy measures 93.9% (rank 154 of 331), indicating above metro median stability and a base that can support steady operations. Median rents sit above the national midpoint, while the rent-to-income profile suggests manageable affordability pressure, a combination that can aid retention and steady pricing.
Daily-needs access is a practical strength: grocery, pharmacy, and park availability sit in the mid-to-upper national percentiles, though cafes are relatively sparse. Average construction year in the neighborhood is 1988, and this property’s 2003 vintage offers a competitive edge versus older stock; investors should still plan for aging-system refresh and selective modernization to sustain positioning.
Tenure patterns show a renter-occupied share of 42.7% in the neighborhood (rank 69 of 331), competitive among Raleigh neighborhoods. This indicates a meaningful tenant base for multifamily demand without overreliance on any single cohort.
Within a 3-mile radius, population and households expanded over the last five years, with households growing faster than population and average household size trending smaller. Forecasts point to continued population growth and an increase in households, alongside a projected rise in the renter share—factors that typically expand the tenant base and help support occupancy stability.
Home values sit around the national midpoint, and ownership remains a high-cost commitment for many households relative to incomes in faster-growing metros. In this context, elevated ownership costs in parts of Raleigh tend to reinforce rental reliance, supporting lease retention while suggesting that rent-setting should remain attentive to affordability thresholds to manage renewal risk.
Safety indicators for the neighborhood trend below national averages, with ranks in the lower half of the Raleigh metro (crime rank 202 out of 331). National comparisons place the area in a low percentile for safety, indicating elevated incident rates relative to many U.S. neighborhoods.
Recent movement is mixed: property-related offenses show a year-over-year decline, while violent offense measures have increased over the last year. Investors should incorporate prudent security planning and operating practices, and compare these trends against nearby Raleigh submarkets to calibrate underwriting and retention strategies.
Proximity to a diverse employer base—insurance, life sciences, pharmaceuticals distribution, and advanced equipment training—supports renter demand via commute convenience and workforce stability.
- MetLife Auto & Home Craig Conley LUTCF — insurance offices (13.7 miles)
- MetLife — insurance (14.6 miles)
- Erie Insurance Group — insurance (15.0 miles)
- John Deere Morrisville Training Center — industrial equipment training (16.2 miles)
- Quintiles Transnational Holdings — life sciences CRO (17.7 miles) — HQ
Built in 2003 with 28 units, the property competes well against a neighborhood average vintage from the late 1980s, offering relative appeal to renters while leaving room for targeted value-add. Neighborhood occupancy trends above the metro median and a renter-occupied share that is competitive among Raleigh neighborhoods indicate depth in the tenant base. Within a 3-mile radius, population growth and a projected increase in households suggest a larger renter pool over time, supporting leasing stability.
According to CRE market data from WDSuite, rents are above the national midpoint while rent-to-income dynamics are manageable, which can support pricing power if operators remain attentive to affordability to preserve renewals. Amenity access favors daily needs (groceries, pharmacies, parks), though lifestyle venues like cafes are thinner, reinforcing the case for on-site features and efficient operations. Investors should underwrite for normal capital planning on early-2000s systems and incorporate prudent security practices given below-average safety readings.
- 2003 vintage relative to older neighborhood stock supports competitive positioning with selective renovation upside
- Neighborhood occupancy above metro median and competitive renter concentration support demand and retention
- 3-mile population and household growth expand the tenant base, aiding leasing stability
- Daily-needs amenities are accessible, while limited cafes can be offset by on-site offerings and operations
- Risks: below-average safety metrics, affordability ceilings on rent growth, and capital planning for aging systems