| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 67th | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4600 Big Tree Way, Greensboro, NC, 27409, US |
| Region / Metro | Greensboro |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2008-05-28 |
| Transaction Price | $1,432,500 |
| Buyer | TIC HUNTERS CHASE 18 LLC |
| Seller | CORE HUNTERS CHASE S LLC |
4600 Big Tree Way Greensboro Multifamily Investment
Renter demand is reinforced by a high renter-occupied housing share locally and steady 3-mile household growth, according to CRE market data from WDSuite. With a 1987 vintage, the asset may benefit from targeted renovations to compete against newer nearby stock.
Neighborhood & Demand Drivers
Located in Greensboro’s inner-suburb fabric, the neighborhood ranks 33rd among 245 metro neighborhoods, signaling a competitive position within the Greensboro-High Point market based on WDSuite’s CRE market data. Local retail access is serviceable rather than destination-driven: grocery and restaurant density ranks competitively versus metro peers, while pharmacies are relatively convenient; parks and cafes are limited in immediate proximity. School rating data is not available in this dataset.
The area’s housing stock skews newer than the subject’s 1987 vintage (neighborhood average construction year is 1994). For investors, this points to value-add potential through interior modernization and selective systems upgrades to close the gap with younger comparables, while managing capital plans to protect ongoing operations.
Tenure patterns support multifamily leasing: renter-occupied housing accounts for a high share of neighborhood units (top decile locally), indicating a deep tenant base and potential for stable leasing. That said, neighborhood occupancy runs below the metro median, so attention to marketing, unit readiness, and lease management will be important to sustain occupancy levels.
Demographic statistics aggregated within a 3-mile radius show modest population growth in recent years and a larger increase in households, implying slightly smaller household sizes and a broader renter pool. Forward-looking projections indicate additional expansion in households over the next five years, which typically supports occupancy stability and absorption for well-positioned, professionally managed assets.
Ownership costs are relatively accessible in the regional context, yet the value-to-income relationship trends above national norms. This mix can sustain renter reliance on multifamily housing and help pricing power for renovated units, while also requiring careful monitoring of rent-to-income levels to manage retention risk.
Safety Context
Within the Greensboro-High Point metro, the neighborhood’s crime rank sits above the midpoint where a lower rank indicates higher crime, suggesting conditions that merit routine security planning relative to some suburban peers. Nationally, overall safety indicators are around mid-range.
Year-over-year trends are constructive: both violent and property offense rates have declined notably according to WDSuite’s CRE market data. Investors should underwrite standard measures—lighting, access control, and resident engagement—while recognizing the improving trendline and focusing on tenant experience to support retention.
Anchor Employers & Commute Base
Nearby corporate headquarters and major offices—including VF, Reynolds American, BB&T Corp., Hanesbrands, and Laboratory Corp. of America—support a diversified commuter base that can underpin renter demand and lease stability.
- VF — apparel (7.0 miles) — HQ
- BB&T Corp. — banking (19.5 miles) — HQ
- Reynolds American — tobacco (19.5 miles) — HQ
- Hanesbrands — apparel (22.2 miles) — HQ
- Laboratory Corp. of America — diagnostics (25.9 miles) — HQ
Investment Thesis
4600 Big Tree Way is a 20-unit, 1987-vintage property positioned in a renter-heavy Greensboro neighborhood that ranks competitively among 245 metro areas tracked locally. Neighborhood occupancy trends sit below the metro median, but a high concentration of renter-occupied units and expanding 3-mile household counts indicate a durable tenant base with potential for steady leasing when operations are actively managed. In this commercial real estate analysis, ownership costs nearby remain relatively accessible, yet value-to-income levels suggest continued reliance on multifamily housing that can support rent collections and lease retention.
The 1987 vintage creates clear value-add angles: interior upgrades and targeted capex can enhance competitiveness against newer nearby stock, particularly given serviceable retail access and proximity to major employers. According to WDSuite’s CRE market data, recent safety trends are improving, which, alongside growing households within 3 miles, supports a constructive long-term outlook while warranting standard security and lease-management practices.
- Competitive neighborhood standing within the Greensboro-High Point metro, with strong renter-occupied housing share supporting demand
- 1987 vintage offers value-add potential via interior modernization and systems upgrades
- 3-mile household growth and proximity to multiple corporate HQs underpin leasing and retention
- Risks: neighborhood occupancy below metro median and mixed safety standing—mitigated by improving trends and active management