| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 84th | Best |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 Springmoor Cir, Raleigh, NC, 27615, US |
| Region / Metro | Raleigh |
| Year of Construction | 1986 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1400 Springmoor Cir, Raleigh NC Multifamily Investment
Neighborhood occupancy is strong and the 1986 vintage is newer than nearby stock, supporting competitive positioning and stable renter demand, according to WDSuite’s CRE market data.
Located in a suburban pocket of North Raleigh, the neighborhood carries a B rating and ranks above the metro median (133 of 331 Raleigh-Cary neighborhoods). For investors, this points to balanced fundamentals without paying a premium for core, in-demand corridors.
Occupancy for the neighborhood (not the property) trends in the top quartile nationally, reinforcing near-term leasing stability. The local construction year average skews older (1972), so a 1986 asset can compete well versus nearby 1960s–1970s product while still requiring periodic system upgrades common to 1980s buildings.
Livability is suburban: childcare access ranks high nationally, while daily retail and dining are thinner in the immediate blocks (very limited cafes, groceries, restaurants, parks, and pharmacies), so residents typically drive to nearby corridors. Median home values sit in the upper-third nationally, a high-cost ownership context for the area that tends to sustain multifamily demand and supports retention for well-managed assets.
Within a 3-mile radius, demographics indicate a sizable and steadily expanding renter pool: recent population and household growth with further increases projected over the next five years, alongside higher median incomes. The renter-occupied share within 3 miles provides adequate depth for leasing, and a relatively moderate rent-to-income profile suggests manageable affordability pressure—useful for pricing power and renewals with disciplined lease management, based on commercial real estate analysis from WDSuite.
Safety indicators are below national averages: the neighborhood sits around the 34th percentile nationally for overall safety and nearer the lower quartile for violent incidents. Recent year-over-year trends show modest increases in reported offenses, so investors should underwrite prudent on-site measures (lighting, access controls) and monitor conditions over the hold period.
Compared with other Raleigh-Cary neighborhoods, this area is neither among the metro’s safest nor its highest-risk clusters. Practical mitigation and resident communication typically support leasing continuity in suburban settings with similar profiles.
Proximity to major corporate offices in and around RTP underpins commuter convenience and renter retention, notably across insurance, life sciences, and technology employers listed below.
- MetLife — insurance (7.8 miles)
- Amerisource Bergen — pharmaceutical distribution (8.6 miles)
- John Deere Morrisville Training Center — industrial training (8.9 miles)
- Quintiles Transnational Holdings — life sciences services (9.2 miles) — HQ
- MetLife Auto & Home Craig Conley LUTCF — insurance (10.4 miles)
This 70-unit, 1986-vintage asset benefits from a suburban Raleigh location where neighborhood occupancy is elevated versus national norms, supporting steady leasing and cash-flow visibility. With nearby housing stock averaging older construction years, the property can position competitively with targeted updates while avoiding the heavier capex profile typical of 1960s–1970s assets. Home values in the area are relatively elevated, which tends to sustain renter reliance on multifamily housing and support renewal economics.
Within a 3-mile radius, population and households have grown and are projected to rise further, expanding the tenant base. Income levels are comparatively strong, and rent-to-income appears moderate for the area—favorable for retention and measured rent growth if operations remain disciplined, according to CRE market data from WDSuite. Key underwriting considerations include limited walkable amenities in the immediate blocks and safety metrics that track below national averages, warranting pragmatic on-site measures.
- Strong neighborhood occupancy supports leasing stability and cash-flow visibility.
- 1986 vintage competes well versus older local stock with focused modernization.
- Elevated home values reinforce sustained renter demand and renewal potential.
- 3-mile demographics point to a growing tenant base and income depth.
- Risks: limited walkable amenities and below-average safety require prudent operations.