| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 47th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2213 Golden Gate Dr, Greensboro, NC, 27405, US |
| Region / Metro | Greensboro |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2213 Golden Gate Dr Greensboro NC 24-Unit Asset
Stabilized occupancy in the surrounding neighborhood and a deep renter base suggest durable demand for this 1999-vintage, 24-unit property, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive positioning while leaving room for targeted value-add.
The property sits in an Inner Suburb of Greensboro rated A- at the neighborhood level, competitive among Greensboro-High Point neighborhoods (rank 54 of 245). Local occupancy for the neighborhood is above the metro median and has inched higher over the past five years, a constructive backdrop for lease stability rather than lease-up risk.
Attractions and daily necessities are accessible: the neighborhood’s cafes and restaurants score in the top quartile nationally, and grocery access is also above national norms. Pharmacy density is a particular strength, ranking near the top of the metro. Park and childcare access trail other areas, so on-site amenities or partnerships could help retention.
The building’s 1999 construction is newer than the neighborhood’s average vintage, which skews to the 1970s. That positioning can command interest versus older stock; investors should still plan for system updates typical of a ~25-year-old asset to sustain competitiveness.
Tenure patterns point to a sizable tenant base: the share of housing units that are renter-occupied is high (top quartile nationally and ranked 11 of 245 metro neighborhoods), which supports consistent multifamily demand. Within a 3-mile radius, population and household counts have grown and are projected to continue rising, expanding the renter pool. Rising incomes alongside manageable rent-to-income levels in the neighborhood support retention, though more accessible ownership costs locally may introduce some competition with entry-level ownership.
Safety indicators for the neighborhood sit below metro averages, with a crime rank of 134 out of 245 neighborhoods in the Greensboro-High Point metro. Compared with neighborhoods nationwide, current safety metrics fall in lower national percentiles, so underwriting should reflect conservative assumptions for security and loss.
Trend-wise, property offenses have declined materially year over year (a top-quartile improvement nationally), which is a constructive signal. Monitoring whether this improvement persists, alongside standard safety measures and lighting, can help support tenant satisfaction and retention.
Proximity to major employers underpins renter demand and commute convenience, led by VF’s headquarters nearby and regional headquarters operations for LabCorp, Reynolds American, BB&T Corp., and Hanesbrands further along the I-40/I-85 corridor.
- VF — apparel HQ (1.6 miles) — HQ
- Laboratory Corp. of America — diagnostics HQ (19.4 miles) — HQ
- Reynolds American — consumer products HQ (25.7 miles) — HQ
- BB&T Corp. — financial services HQ (25.8 miles) — HQ
- Hanesbrands — apparel HQ (27.5 miles) — HQ
This 24-unit asset benefits from neighborhood-level occupancy that is above the metro median and edging higher, a high concentration of renter-occupied housing units, and amenities that align with daily needs, all of which support steady leasing and retention. Newer 1999 construction versus an older neighborhood baseline enhances competitive positioning while leaving room for selective renovations to drive rent premiums and operating resilience.
Within a 3-mile radius, population and households have expanded and are forecast to continue growing, pointing to a larger tenant base over the next cycle. According to CRE market data from WDSuite, neighborhood rent-to-income levels remain manageable, supporting renewals, while relatively accessible ownership costs in the broader area may create some competition that warrants disciplined pricing and unit upgrades.
- Above-metro-median neighborhood occupancy with a slight upward trend supports income stability.
- High renter-occupied share indicates depth of tenant demand for multifamily units.
- 1999 vintage is competitive versus older local stock, with value-add potential via targeted updates.
- 3-mile radius shows population and household growth, expanding the renter pool over time.
- Risk: Safety metrics are below metro averages; plan for security and conservative underwriting.