| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 51st | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3300 Rehobeth Church Rd, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3300 Rehobeth Church Rd Greensboro Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand, the property benefits from neighborhood occupancy that trends above the metro median and a deep renter pool, according to WDSuite’s CRE market data. This supports stable leasing fundamentals for a 24-unit asset while allowing disciplined rent and renewal strategies.
The property sits in an Inner Suburb of Greensboro-High Point with a B+ neighborhood rating (ranked 75 out of 245 metro neighborhoods). Local conveniences lean practical rather than lifestyle-oriented: grocery access ranks stronger than metro mid-pack (53 of 245), and childcare density is comparatively favorable (29 of 245), while cafes, restaurants, parks, and pharmacies are limited in the immediate area. For investors, this mix points to everyday-service accessibility that can support retention even if entertainment options are thinner nearby.
Vintage is a competitive advantage. With construction in 2000 against a neighborhood average year of 1984, the asset is newer than much of the surrounding stock. That positioning can reduce near-term functional obsolescence and, with targeted system updates as needed, help the property compete against older communities on finishes and efficiency.
Tenure dynamics are notably supportive of multifamily demand. The neighborhood posts a high share of renter-occupied housing units (ranked 5th out of 245 metro neighborhoods), signaling a large tenant base and depth for leasing and renewals. Neighborhood occupancy trends are also above the metro median, reinforcing day-one stability rather than lease-up risk.
Demographic statistics aggregated within a 3-mile radius show modest recent population growth (~1.3%) and a larger projected increase over the next five years (~13.3%), alongside household growth historically (~6.8%) and a sizable projected gain (~38.0%). This pattern points to a larger tenant base over time and supports occupancy stability. Median home values in the neighborhood are on the lower side relative to many U.S. markets, which can introduce some competition from ownership; however, elevated rent-to-income ratios (0.33) suggest affordability pressure that warrants thoughtful lease management and amenity-value alignment.
Safety indicators are mixed but trending in a constructive direction. At the neighborhood level, the area ranks 67 out of 245 Greensboro-High Point neighborhoods for crime, and overall sits near the middle nationally (around the 53rd percentile). More recent year-over-year data show improvement: estimated violent offense rates decreased meaningfully (around the 75th percentile for improvement nationwide), and estimated property offense rates fell sharply as well (around the 87th percentile for improvement nationwide). These trends point to positive momentum, though investors should still underwrite with standard precautions and localized due diligence.
Proximity to diversified employers supports workforce housing demand and commute convenience, including VF, Labcorp, BB&T, Reynolds American, and Hanesbrands — all represented by regional headquarters or major corporate offices.
- VF — apparel HQ (6.5 miles) — HQ
- Laboratory Corp. of America — diagnostics & lab services (21.9 miles) — HQ
- BB&T Corp. — banking (24.2 miles) — HQ
- Reynolds American — consumer products (24.2 miles) — HQ
- Hanesbrands — apparel (27.1 miles) — HQ
This 24-unit, 2000-vintage asset is positioned in an inner-suburban Greensboro submarket where renter concentration ranks among the highest in the metro and neighborhood occupancy trends sit above the metro median. The newer vintage versus the local 1980s average can enhance competitive standing against older stock, while practical conveniences (notably grocery and childcare) support resident retention even as lifestyle amenities are thinner. Based on commercial real estate analysis using WDSuite’s CRE market data, the submarket’s demand profile favors stable leasing over speculative lease-up.
Demographic statistics within a 3-mile radius indicate modest recent population gains with stronger projected growth and a notable increase in households ahead, expanding the renter pool and supporting occupancy stability. Affordability requires attention: rent-to-income levels suggest some pressure, so returns are likely to depend on disciplined pricing, value-add targeting, and expense control rather than outsized rent growth assumptions.
- High renter concentration and above-median neighborhood occupancy support leasing stability
- 2000 construction offers competitive positioning versus older local stock with selective upgrade potential
- 3-mile demographics point to renter pool expansion and sustained demand
- Everyday-service access (grocery, childcare) aids retention despite limited nearby entertainment options
- Risks: affordability pressure (rent-to-income), thinner amenity density, and mixed-but-improving safety trends