| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 74th | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 S Lindell Rd, Greensboro, NC, 27403, US |
| Region / Metro | Greensboro |
| Year of Construction | 2006 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 S Lindell Rd Greensboro 84-Unit Multifamily Investment
Neighborhood occupancy has been above the metro median with steady leasing performance, according to WDSuite’s CRE market data, supporting a durable renter base for stabilized operations. The property’s 2006 vintage positions it competitively versus older local stock while still allowing for targeted upgrades over time.
Situated in an Inner Suburb pocket of Greensboro-High Point (neighborhood rating A-), the area shows healthy renter demand conditions: neighborhood occupancy trends sit above the metro median, and the local renter concentration indicates a meaningful base of renter-occupied units. At the broader 3-mile scale, a majority share of housing units are renter-occupied, reinforcing depth for multifamily leasing and renewal activity.
Livability is balanced by a practical amenity mix. Restaurants are competitive among Greensboro-High Point neighborhoods, while immediate access to cafes, grocery, parks, and pharmacies is thinner within the neighborhood boundary, suggesting residents rely on nearby corridors for daily needs. Childcare availability ranks near the top of the metro, which can support retention among family renters.
Demand drivers are supported by demographics aggregated within a 3-mile radius: recent population growth has been modest with projections for incremental gains over the next five years, while households are expected to increase, translating into a larger tenant base over time. Educational attainment in the neighborhood ranks in the top quartile nationally, which can correlate with stable incomes and steady leasing.
From a pricing and affordability lens, neighborhood median contract rents remain accessible relative to incomes, and the rent-to-income ratio sits in a favorable range for lease retention and measured rent growth. Median home values in the area reflect a more accessible ownership market than many coastal metros; for investors, this can mean balanced rental demand with some competition from entry-level ownership, emphasizing the importance of product differentiation and asset management.
Safety indicators in this neighborhood track around the metro middle and remain below national averages; however, recent year-over-year trends point to improving conditions with declines reported in both property and violent offense rates. Nationally, the neighborhood’s safety profile sits in lower percentiles, so investors should underwrite with prudent assumptions while recognizing the positive direction of change.
Proximity to regional headquarters and corporate offices supports a diversified employment base and commuter convenience for renters, led by VF in Greensboro and several Fortune 500-linked employers in Winston-Salem. These anchors can help stabilize leasing and renewal activity.
- VF — apparel HQ and corporate functions (4.6 miles) — HQ
- Laboratory Corp. of America — diagnostics and life sciences corporate offices (22.5 miles) — HQ
- Reynolds American — consumer products corporate offices (22.9 miles) — HQ
- BB&T Corp. — banking corporate offices (23.0 miles) — HQ
- Hanesbrands — apparel corporate offices (25.4 miles) — HQ
Built in 2006 and totaling 84 units, the asset competes well against a neighborhood vintage that skews older, offering relative appeal to renters while leaving room for targeted modernization of interiors and common areas. Neighborhood occupancy has strengthened over the past five years and remains above the metro median, supporting stable cash flow potential; based on CRE market data from WDSuite, rent levels remain accessible relative to incomes, which can aid retention and measured pricing power.
Demographics aggregated within a 3-mile radius show modest population growth to date with additional gains forecast, alongside an increase in households that expands the local renter pool. The ownership market is relatively attainable by national standards, which may introduce some competition from entry-level buyers, but the area’s renter concentration and access to major employers underpin multifamily demand.
- 2006 vintage offers competitive positioning versus older neighborhood stock with selective value-add upside
- Neighborhood occupancy above metro median supports leasing stability and renewal potential
- 3-mile demographics point to a growing renter base and income profile supportive of steady demand
- Proximity to corporate anchors (VF, Labcorp, Reynolds) reinforces employment-driven renter demand
- Risks: thinner immediate retail mix and below-national safety percentiles warrant conservative underwriting and active asset management