| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 69th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Shadow Valley Rd, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2013-05-24 |
| Transaction Price | $4,000,000 |
| Buyer | TYH3 HIGH POINT LLC |
| Seller | HUNTERS WB GELLER SIEGEL LLC |
2300 Shadow Valley Rd, High Point NC Multifamily Opportunity
Neighborhood-level occupancy has held near the metro midpoint with rents that skew higher than much of Winston-Salem, according to WDSuite’s CRE market data. For investors, the takeaway is steady renter demand with potential for value-add upside driven by operations and targeted renovations.
This suburban High Point location sits within a B-rated neighborhood that is competitive among Winston-Salem neighborhoods (84 out of 216). Investor appeal centers on stable occupancy at the neighborhood level and rent positioning that trends toward the higher end of the metro, which can support revenue management if finish levels and curb appeal meet tenant expectations.
Construction across the neighborhood averages late-1990s, while this property was built in 1974. The earlier vintage points to potential value-add through unit modernization and common-area updates, along with prudent capital planning for aging systems. Relative to newer nearby stock, refreshed interiors and exterior improvements can enhance leasing velocity and retention.
Within a 3-mile radius, demographics indicate a growing household base and rising incomes, which expands the renter pool and supports occupancy stability. Median household income has advanced meaningfully in recent years, and households are projected to increase further, reinforcing depth of demand for quality rentals. Neighborhood home values and a relatively accessible value-to-income environment suggest some competition from ownership; effective leasing and resident experience become important for retention and pricing power.
Local retail and service density inside the immediate neighborhood core is limited, so residents typically draw on broader Winston-Salem/High Point corridors for shopping and services. For investors, that dynamic places emphasis on on-site amenities, parking, and convenient access routes to employment centers to sustain leasing performance.
Neighborhood safety levels track below the national median based on WDSuite s comparative indicators, while remaining broadly comparable to several suburban areas across Winston-Salem. Recent readings show a modest uptick in reported property incidents year over year; investors should underwrite with prudent assumptions for lighting, access control, and resident policies that can support community standards and retention.
When benchmarking, use metro-relative comparisons rather than block-level conclusions. Ongoing monitoring and standard best practices in operations and design (sightlines, cameras, and secure common areas) are typical mitigants that can help sustain leasing and limit disruption risk.
Proximity to established corporate headquarters in the Winston-Salem and Triad area supports a diversified employment base and commute convenience for renters. Notable nearby employers include financial services, apparel, tobacco, and diagnostics firms listed below.
- BB&T Corp. — financial services (13.5 miles) — HQ
- Reynolds American — tobacco (13.6 miles) — HQ
- VF — apparel (16.6 miles) — HQ
- Hanesbrands — apparel (18.6 miles) — HQ
- Laboratory Corp. of America — diagnostics (34.8 miles) — HQ
Built in 1974 with 24 units, the asset offers a clear value-add pathway in a neighborhood where occupancy trends are above the metro median and rents benchmark toward the higher end of the Winston-Salem market. According to CRE market data from WDSuite, neighborhood rent positioning and a steady renter base can support disciplined revenue management if paired with targeted renovations and solid property operations.
Within a 3-mile radius, households and incomes have been rising and are projected to continue growing, signaling a larger tenant base and supporting lease-up and renewal prospects. At the same time, relatively accessible home values in the area can create competition from ownership, so differentiated finishes, resident services, and expense control are important to protect margins and retention.
- Neighborhood occupancy above metro median supports stable leasing
- 1974 vintage offers value-add and capex-driven upside versus newer nearby stock
- 3-mile household and income growth expand the renter pool and bolster retention
- Proximity to diversified Triad headquarters underpins commute convenience and demand
- Risks: limited immediate amenity density, below-national-median safety readings, and potential competition from ownership options