| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 74th | Best |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Eagle Rd, Greensboro, NC, 27407, US |
| Region / Metro | Greensboro |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | 2012-05-22 |
| Transaction Price | $2,721,500 |
| Buyer | SOUTHWOOD BRIDFORD WEST LLC |
| Seller | BROOKVIEW BRIDFORD WEST DE LLC |
600 Eagle Rd, Greensboro NC Multifamily Investment
Neighborhood data points to a majority renter-occupied housing base and resilient amenity access that supports tenant demand, according to WDSuite’s CRE market data. Recent leasing softness at the neighborhood level suggests performance will hinge on asset quality and execution.
The property sits in an Inner Suburb of Greensboro with an overall neighborhood rating of A and a rank of 22 among 245 metro neighborhoods—competitive among Greensboro-High Point locations for multifamily. Cafes, restaurants, groceries, and pharmacies score above metro medians and land in the upper national percentiles for density, helping sustain daily convenience for residents.
At the neighborhood level, the median asking rent has risen over the last five years, and the renter concentration is elevated (majority of housing units are renter-occupied). Together, these indicators point to a sizable tenant base and historical pricing momentum, though investors should underwrite to current conditions rather than past growth.
Construction vintage averages around 1989 in the neighborhood, while the subject was built in 2012. Being newer than much of the competitive stock can aid leasing and retention against older assets, while still planning for mid-life system updates and periodic unit refreshes to maintain positioning.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts indicating further expansion in both households and incomes over the next five years. This trajectory implies a larger renter pool and supports occupancy stability for well-managed assets.
Home values in the neighborhood are lower than many national peers, which can create some competition from ownership options. For multifamily investors, this typically means emphasizing value, convenience, and professional management to sustain lease retention, rather than relying solely on pricing power.
Neighborhood safety signals are mixed. The area trends around the metro middle of the pack (rank 113 of 245) and sits below the national median for safety by percentile. Property and violent offense rates are elevated versus national benchmarks, but both have improved meaningfully year over year, indicating a favorable recent trend rather than a guarantee.
Investors should account for these dynamics in underwriting through security features, lighting, and resident engagement strategies, and benchmark performance against comparable Inner Suburb assets across Greensboro-High Point.
Proximity to established corporate employers supports a diverse employment base and commuter convenience for renters. Notable nearby headquarters and offices include apparel, financial services, tobacco/CPG, and diagnostics—industries reflected below.
- VF — apparel HQ (7.7 miles) — HQ
- Reynolds American — tobacco/CPG (19.5 miles) — HQ
- BB&T Corp. — banking (19.6 miles) — HQ
- Hanesbrands — apparel (22.6 miles) — HQ
- Laboratory Corp. of America — diagnostics (26.2 miles) — HQ
Built in 2012 with 24 units averaging generous square footage, the asset competes against a neighborhood stock that skews older, providing a relative advantage in features and systems. Household and income growth within a 3-mile radius point to a widening renter pool and potential for steady absorption, while amenity access supports day-to-day livability. However, neighborhood occupancy is below the metro median, so performance will be more sensitive to management, pricing discipline, and renewal strategy.
Based on CRE market data from WDSuite, neighborhood rents have climbed over the past five years and the renter share of housing remains elevated—both supportive of demand. At the same time, ownership costs are relatively accessible locally, so effective positioning and resident experience are important to sustain retention and reduce concessions.
- 2012 construction competes well against older neighborhood stock; plan for mid-life capital and targeted upgrades.
- Expanding 3-mile household base and rising incomes support a larger tenant pool and occupancy stability.
- Amenity access (food, grocery, pharmacy) enhances livability and leasing appeal for workforce renters.
- Risk: Neighborhood occupancy is below metro median; leasing performance depends on execution and competitive pricing.
- Risk: Safety metrics trail national medians despite recent improvement; consider security and resident engagement in underwriting.