| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 24th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2350 Bellemeade St, High Point, NC, 27263, US |
| Region / Metro | High Point |
| Year of Construction | 1999 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2350 Bellemeade St High Point 76-Unit Multifamily
Neighborhood occupancy is competitive within the Greensboro–High Point metro and a near-50% renter-occupied housing mix indicates a durable tenant base, according to CRE market data from WDSuite. These are neighborhood indicators, not property performance, but they suggest stable renter demand for a 1999-vintage asset at this address.
Neighborhood fundamentals and livability
The property sits in an Inner Suburb location of High Point where neighborhood occupancy ranks competitive among 245 Greensboro–High Point neighborhoods, indicating steadier leasing conditions versus weaker subareas. Renter-occupied housing accounts for roughly half of units in the neighborhood (high national percentile), which supports a deeper tenant pool for multifamily operators.
Within a 3-mile radius, demographics point to population growth and a larger household base by 2028, expanding the renter pool and helping support occupancy stability. Median household incomes have been rising in the area, and the neighborhood’s rent-to-income profile sits in a range consistent with retention-focused pricing rather than aggressive rent pushes.
The 1999 construction year is newer than the neighborhood’s average vintage from the early 1980s, giving the asset relative competitive positioning versus older stock. Investors should still plan for selective modernization of systems and common areas to maintain leasing velocity against newer deliveries and well-renovated comparables.
Day-to-day conveniences are adequate, with grocery and pharmacy access ranking above the metro median, while cafes and parks are limited. Average school ratings in the neighborhood trend lower than national norms; for family-oriented leasing, that may shift demand toward value-oriented floor plans and amenity packages. Neighborhood NOI per unit trails national benchmarks, reinforcing the importance of disciplined operations to capture attainable-rent demand.
Home values in the neighborhood are lower relative to many U.S. areas. That can introduce some competition from ownership alternatives, but it also supports steady workforce renter demand and lease retention where management emphasizes value, maintenance reliability, and predictable renewal structures.
Safety context
Relative to 245 Greensboro–High Point neighborhoods, the area’s crime rank sits below the metro median, indicating safety conditions that are weaker than many local peers and below national percentiles. Investors should calibrate marketing, lighting, and access-control strategies accordingly.
Recent trend data shows estimated violent offenses declining year over year, an improvement that compares favorably to national trend percentiles. Property offenses have ticked up modestly. Taken together, the direction is mixed: near-term management focus on visibility, lighting, and coordination with local resources can help support resident confidence and retention.
Regional employers supporting renter demand
Proximity to established corporate headquarters in the Triad underpins a stable employment base and commute convenience for renters, notably in apparel, finance, tobacco, and life sciences.
- VF — apparel (16.8 miles) — HQ
- BB&T Corp. — financial services (18.7 miles) — HQ
- Reynolds American — tobacco (18.8 miles) — HQ
- Hanesbrands — apparel (23.9 miles) — HQ
- Laboratory Corp. of America — diagnostics & life sciences (32.5 miles) — HQ
Investment thesis
2350 Bellemeade St offers a 1999-vintage, 76-unit footprint positioned in a neighborhood with competitive occupancy among Greensboro–High Point peers and a renter-occupied share near half of all units. Within a 3-mile radius, forward-looking demographics indicate population growth and a larger household base by 2028, supporting renter pool expansion and steadier leasing.
The asset’s newer vintage versus local stock should aid its competitive standing, while lower neighborhood home values suggest ongoing reliance on multifamily options for workforce renters. Rent-to-income dynamics imply room for disciplined, retention-oriented rent strategies, though investors should account for schools that rate below national norms and for safety metrics that trail metro leaders. These conclusions are grounded in commercial real estate analysis from WDSuite.
- Competitive neighborhood occupancy supports stable leasing relative to metro peers
- 1999 vintage is newer than local averages, with selective modernization upside
- Growing 3-mile household base supports a larger tenant pool and renewal potential
- Workforce rent-to-income profile favors retention-focused pricing and occupancy stability
- Risks: lower school ratings, mixed safety metrics, and some competition from ownership alternatives