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I had in my head that it didn't have the proper extensions for virtualization.
However, the memory and core count will be a bottleneck with virtualization. Only having 4 cores will make it a hard to delicate resources and the slower ram will mean you could have performance issues. It really depends on what you are doing I suppose. It does have 6mb of cache which will help some.
If you got a i5 6500 with ddr4 memory you would have much better performance.
4 cores is a bit limiting, but definitely depends on the usage. I only have 1 VM on my NUC, everything else is docker.
I thought all the core processors had VT* extensions, I was using virtualization on my first gen i7. They are very old an inefficient now though.