| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 81st | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1912 Adams Farm Pkwy, Greensboro, NC, 27407, US |
| Region / Metro | Greensboro |
| Year of Construction | 1996 |
| Units | 20 |
| Transaction Date | 2016-06-10 |
| Transaction Price | $1,000,500 |
| Buyer | 5202 FOX HUNT DRIVE LLC |
| Seller | MDO MADISON LLC |
1912 Adams Farm Pkwy Greensboro Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above‑average occupancy stability, according to WDSuite’s CRE market data. Positioned in Greensboro’s inner suburb, the asset benefits from a diversified renter base and balanced affordability.
This Inner Suburb neighborhood carries an A- rating and ranks in the top quartile among 245 Greensboro-High Point neighborhoods, signaling competitive livability and demand drivers for workforce and professional tenants. Neighborhood occupancy is above national midrange and has trended modestly higher over the last five years, supporting income stability and lower turnover risk for multifamily assets.
Renter-occupied share in the neighborhood is in the higher range for the metro, indicating a sizeable tenant base and depth for leasing. Within a 3-mile radius, households have grown in recent years and are projected to rise further, pointing to renter pool expansion that can sustain absorption and support occupancy stability. Household incomes in the 3-mile area have also advanced, broadening the ability to absorb rent growth without materially increasing retention risk.
Home values sit in a moderate range for the region, and the neighborhood’s rent-to-income ratio trends near investor-friendly territory. For owners, this combination typically supports lease retention while allowing measured pricing moves. Amenity density inside the neighborhood footprint is limited (few cafes, groceries, or parks counted locally), so residents generally rely on nearby corridors for retail and services—an operating consideration for positioning and marketing.
The property’s 1996 vintage is slightly older than the neighborhood’s average construction year, which may present value-add potential through targeted renovations and systems updates to enhance competitiveness versus newer stock. Average unit sizes around 943 square feet can support family and roommate appeal, aiding leasing velocity under most market conditions based on commercial real estate analysis from WDSuite.
Safety indicators benchmark favorably versus national norms, with the neighborhood landing around the 65th percentile nationally for lower crime prevalence. Recent trend data shows meaningful improvement in property offenses year over year and a notable decline in violent incidents, signaling a positive trajectory that can reinforce tenant retention and reduce operational disruption.
Within the Greensboro-High Point metro, the neighborhood compares competitively to peers, and the direction of change has been constructive. As always, block-level conditions vary; investors should underwrite with property-level diligence while viewing the broader trend as supportive of multifamily performance.
Regional employment anchors within commuting range support renter demand, particularly in apparel, tobacco, banking, and life sciences. Proximity to these headquarters can aid leasing stability for workforce and professional tenants.
- VF — apparel & footwear HQ (9.2 miles) — HQ
- BB&T Corp. — banking & financial services (19.6 miles) — HQ
- Reynolds American — tobacco products (19.6 miles) — HQ
- Hanesbrands — apparel manufacturing (23.1 miles) — HQ
- Laboratory Corp. of America — life sciences & diagnostics (26.8 miles) — HQ
A 20‑unit, 1996‑built asset at 1912 Adams Farm Pkwy offers a pragmatic value‑add angle in a neighborhood that ranks in the metro’s top quartile for overall quality. Neighborhood occupancy sits above the national midrange and has inched higher, while a growing 3‑mile household base suggests a larger tenant pool ahead—supportive of stable absorption and rent rolls. According to WDSuite’s commercial real estate analysis, moderate rent-to-income dynamics and rising household incomes in the area underpin measured pricing power without outsized retention risk.
The asset’s slightly older vintage versus nearby stock points to scope for interior modernization and selective systems upgrades to sharpen competitive positioning against 2000s-era comparables. Unit sizes averaging ~943 square feet enhance livability and should help sustain leasing velocity with both families and roommates when paired with thoughtful finish updates and amenity programming.
- Neighborhood ranks in the metro’s top quartile, supporting durable renter demand and income stability.
- Above‑midrange neighborhood occupancy with five‑year improvement, aiding retention and cash‑flow consistency.
- 1996 vintage offers clear value‑add pathway via interior updates and targeted capex to compete with newer stock.
- 3‑mile household growth and rising incomes expand the tenant base and support absorption.
- Risk: limited in‑neighborhood amenity density; positioning should emphasize access to nearby corridors and commute nodes.