| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 41st | Fair |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 933 Meadow Oak Dr, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | 2021-12-03 |
| Transaction Price | $16,000,000 |
| Buyer | RISE CROWN VIEW LLC |
| Seller | SOUTHWOOD REHOBETH POINTE LLC |
933 Meadow Oak Dr Greensboro 2007 Multifamily Investment
Neighborhood occupancy remains firmly high and stable, according to WDSuite’s CRE market data, supporting consistent cash flow potential at the submarket level. Metrics cited reflect neighborhood conditions around the property, not the asset itself.
Located in Greensboro’s Guilford County, the area around 933 Meadow Oak Dr carries a B+ neighborhood rating and is competitive among Greensboro-High Point neighborhoods (88 of 245). Neighborhood occupancy ranks in the top quartile nationally and competitive within the metro, a constructive backdrop for stabilized leasing.
Livability shows trade-offs. Grocery and pharmacy access exists but is not dense, while cafes and parks are sparse. This rural-classified pocket functions more as a drive-to convenience area than a walk-to amenity hub, appealing to renters who prioritize space and value over walkability.
School quality trends below national norms based on neighborhood averages. For family-oriented leasing strategies, prospects may weigh school options across attendance zones; operators can offset this with amenity differentiation and competitive pricing.
Neighborhood rents track near the metro median, and the rent-to-income profile indicates manageable affordability pressure—supportive of renewal rates and pricing discipline. Median home values are relatively accessible versus many U.S. markets, which can introduce some competition from entry-level ownership; however, the neighborhood’s renter-occupied share is roughly one-third and ranks competitively within the metro and higher than many neighborhoods nationwide, signaling a viable tenant base for multifamily.
Within a 3-mile radius, households have increased even as population held roughly flat, indicating smaller household sizes and a larger number of households to serve—supportive of steady demand for rental units. Forward-looking projections point to growth in both population and households, implying renter pool expansion that can help sustain occupancy.
Neighborhood safety indicators are mixed but improving. Overall crime levels sit near the national middle, while violent and property offense levels trend below national medians; both categories show meaningful year-over-year improvement, suggesting a constructive trajectory rather than deterioration.
Within the Greensboro-High Point metro, the area stands competitive among 245 neighborhoods on broad crime measures. Conditions can vary by block and over time, so investors should pair these neighborhood-level signals with current, on-the-ground diligence.
Nearby headquarters and corporate offices in apparel, diagnostics, tobacco, and banking provide a diverse employment base and commute convenience that can support renter demand and retention.
- VF — apparel (8.3 miles) — HQ
- Laboratory Corp. of America — diagnostics (22.2 miles) — HQ
- Reynolds American — tobacco (24.8 miles) — HQ
- BB&T Corp. — banking (24.8 miles) — HQ
- Hanesbrands — apparel (28.1 miles) — HQ
Built in 2007, this 24-unit asset is newer than much of the surrounding stock, offering competitive positioning versus 1980s-era properties while retaining opportunities for selective system updates and interior refreshes. Neighborhood occupancy trends in the top quartile nationally and remain competitive within the Greensboro-High Point metro, supporting stable leasing. According to CRE market data from WDSuite, local rents align near the metro median with a rent-to-income profile that supports retention, and a meaningful renter-occupied presence in the neighborhood signals depth in the tenant base.
Within a 3-mile radius, households have grown even as population was roughly flat, indicating smaller household sizes and a larger number of households to serve; forecasts call for increases in both population and households, implying renter pool expansion and support for occupancy. Operators should note relatively accessible ownership costs and below-average neighborhood school ratings as variables that may influence leasing strategy and amenity emphasis.
- 2007 vintage offers competitive positioning versus older local stock with targeted value-add potential
- Neighborhood occupancy sits in the national top quartile, supporting income stability
- Rents near metro norms and manageable rent-to-income support renewals and pricing discipline
- Demand drivers: 3-mile household growth and projected renter pool expansion
- Risks: relatively accessible homeownership and below-average neighborhood school ratings may affect leasing mix