| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 81st | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1408 Adams Farm Pkwy, Greensboro, NC, 27407, US |
| Region / Metro | Greensboro |
| Year of Construction | 1997 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1408 Adams Farm Pkwy Greensboro 22-Unit Opportunity
Neighborhood occupancy near 94% and a meaningful renter-occupied base point to steady leasing fundamentals for a 1997 asset, according to WDSuite’s CRE market data. Location and demographics support durable renter demand while leaving room for selective value-add to enhance competitiveness.
Situated in Greensboro’s inner suburbs, the neighborhood is rated A- and ranks 52 out of 245 metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Rents have risen over the past five years while the neighborhood occupancy rate of 94.2% has inched higher, indicating stable absorption and limited turnover pressure for professionally managed multifamily.
The immediate area skews car-oriented with limited walkable retail and services, but regional access supports daily needs and employment commutes. Median home values are elevated for the metro context, which tends to sustain renter reliance on multifamily housing and can support pricing power when paired with prudent lease management.
Tenure data shows a renter-occupied share around 43–46% in the area, signaling a deep tenant base for mid-size assets. Within a 3-mile radius, households have grown in recent years and are projected to expand further, implying a larger tenant pool and support for occupancy stability.
The neighborhood’s average construction year trends early-2000s. With this property built in 1997, investors can weigh light-to-moderate renovations or system upgrades to improve unit competitiveness against slightly newer stock, particularly where larger floor plans or in-unit features can differentiate.
Safety indicators are mixed in relative terms. Within the Greensboro–High Point metro, the neighborhood’s crime rank sits on the less favorable side of the spectrum, indicating higher crime exposure than many peer neighborhoods. However, national comparisons show the area performing above average (around the 65th percentile), suggesting it compares reasonably well versus many U.S. neighborhoods.
Recent trend data points to improvement: both violent and property offense rates have declined year over year, with property offenses showing a pronounced decrease. For underwriting, this combination of improving trends and middling-to-strong national standing supports a cautious but constructive view on safety, while still prioritizing standard security measures and resident experience.
Proximity to regional headquarters anchors the employment base and supports renter demand through commute convenience. Key nearby employers include VF, Reynolds American, BB&T Corp., Hanesbrands, and Laboratory Corp. of America.
- VF — apparel HQ (8.7 miles) — HQ
- Reynolds American — consumer goods (19.3 miles) — HQ
- BB&T Corp. — financial services (19.3 miles) — HQ
- Hanesbrands — apparel (22.6 miles) — HQ
- Laboratory Corp. of America — diagnostics & life sciences (26.7 miles) — HQ
This 22-unit, 1997-vintage asset sits in a top-quartile Greensboro neighborhood with stable occupancy and a sizable renter-occupied base. The surrounding ownership market skews higher cost for the metro, reinforcing reliance on rental housing and supporting lease retention. Within a 3-mile radius, population and household growth — alongside rising incomes — point to a larger tenant base and continued demand for well-managed units.
According to CRE market data from WDSuite, neighborhood occupancy has trended upward and sits above many local peers, while rent levels remain supportable relative to area incomes. Given slightly older vintage versus the neighborhood’s early-2000s average, targeted value-add and system updates can enhance positioning against newer stock, especially if larger floor plans are leveraged as a competitive feature.
- Stable neighborhood occupancy with upward trend supports income durability.
- Renter-occupied concentration indicates depth of tenant demand for mid-size assets.
- 1997 vintage offers value-add and CapEx planning opportunities versus early-2000s local stock.
- Regional HQs within commuting distance underpin leasing and retention.
- Risks: car-oriented amenity base and relatively higher metro crime exposure warrant prudent operations and resident experience focus.