| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 58th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3725 Admiral Dr, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 2012 |
| Units | 59 |
| Transaction Date | 2011-11-28 |
| Transaction Price | $600,000 |
| Buyer | ADMIRAL POINTE LLC |
| Seller | GREENWOOD & CHARLES INCORPORATED |
3725 Admiral Dr High Point NC Multifamily Investment
Neighborhood occupancy is holding in a stable range, supporting consistent leasing potential for this submarket, according to WDSuite’s CRE market data. These metrics reflect neighborhood conditions, not the property, and point to steady renter demand relative to broader metro trends.
The property sits in an Inner Suburb of High Point with an A neighborhood rating and a rank of 11 out of 245 Greensboro–High Point neighborhoods, placing it in the top quartile locally based on WDSuite’s CRE market data. Neighborhood occupancy measures 95.4% (neighborhood-level), a signal of demand resilience that compares favorably to many U.S. areas. Restaurant, cafe, and pharmacy density track above national midpoints, which supports day-to-day convenience, while park access is limited within the neighborhood.
For investors evaluating rent positioning, neighborhood median contract rents sit near the national midpoint and have risen over the past five years, suggesting balanced pricing power without clear signs of overheating. The neighborhood’s rent-to-income ratio also aligns with manageable affordability pressure, which can aid retention and reduce turnover risk.
Within a 3-mile radius, population has grown modestly in recent years while household counts expanded faster, and forecasts indicate further household growth alongside smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability for well-located multifamily assets. Renter-occupied share at the neighborhood level is roughly one-third of housing units, pointing to a meaningful, though not dominant, renter base that can sustain leasing activity.
The asset’s 2012 construction is newer than the neighborhood’s average vintage (2003). Newer product can offer a competitive edge versus older stock on curb appeal and unit systems, though investors should still plan for ongoing modernization and targeted capital projects to maintain positioning against recent deliveries in the metro.
Safety indicators for the neighborhood are mixed in a metro and national context. Its crime rank sits near the middle among 245 Greensboro–High Point neighborhoods, and national percentiles place the area below the national median for safety. However, recent year-over-year estimates show modest declines in both violent and property offense rates, indicating incremental improvement rather than deterioration.
For underwriting, this profile suggests leasing and retention are less likely to be driven by safety differentiation alone; instead, investors may look to product quality, price-to-value positioning, and access to daily amenities as the primary demand drivers, while monitoring local trends for continued gradual improvement.
Proximity to several regional headquarters in apparel, finance, and healthcare supports a diversified employment base and commute convenience for renters. The employers below reflect nearby demand drivers within typical commuting distance.
- VF — apparel HQ (11.4 miles) — HQ
- BB&T Corp. — financial services (16.3 miles) — HQ
- Reynolds American — consumer products (16.3 miles) — HQ
- Hanesbrands — apparel (20.1 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (30.0 miles) — HQ
This 59-unit multifamily asset, built in 2012, benefits from a neighborhood that ranks in the top quartile locally with steady renter demand and occupancy strength at the neighborhood level. Newer construction versus surrounding stock can support competitive positioning, while neighborhood rents near national midpoints help balance revenue potential with retention. Within a 3-mile radius, recent population gains and faster household growth point to a gradually expanding tenant base; forecasts indicate more households and smaller average household sizes, which typically support multifamily absorption even when population trends soften.
According to CRE market data from WDSuite, neighborhood-level occupancy and amenity access align with stable suburban fundamentals, while ownership costs in the area remain moderate by national standards—conditions that can sustain renter reliance on multifamily housing. Investors should plan for normal mid-life capital needs over the hold and monitor safety trends and local supply as key variables for pricing power and lease-up velocity.
- 2012 vintage offers a competitive edge versus older neighborhood stock with manageable mid-life capital planning.
- Neighborhood-level occupancy is stable, supporting leasing consistency and retention potential.
- Household growth within a 3-mile radius and smaller average household sizes expand the renter pool.
- Amenity access in dining, cafes, and pharmacies supports daily convenience typical of inner suburbs.
- Risks: middling safety placement and potential new supply could temper rent growth and require sharper pricing strategy.