| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 58th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5060 Samet Dr, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | 2015-02-11 |
| Transaction Price | $23,700,000 |
| Buyer | EBSCO HIGHBROOK LLC |
| Seller | NNN HIGHBROOK 2 LLC |
5060 Samet Dr, High Point NC Multifamily Investment
Neighborhood occupancy has been resilient and renter demand is supported by nearby employment nodes, according to WDSuite’s CRE market data, positioning this asset for steady cash flow with prudent operations.
The property sits in an inner-suburban pocket of High Point within the Greensboro–High Point metro where neighborhood fundamentals are competitive among 245 metro neighborhoods. Amenity access ranks 18th of 245 (top quartile among metro peers), with restaurants and daily-needs retail available nearby and restaurant density around the 75th percentile nationally, based on WDSuite’s CRE market data.
Neighborhood occupancy is 95.4% (neighborhood metric, not the property), ranking 58th of 245 — competitive locally and roughly top quartile nationally. This backdrop has supported stable leasing and reduces downtime risk through cycles. Median contract rents in the neighborhood track near the national midpoint, which can aid lease retention while leaving room for operational improvements rather than depending on outsized rent growth.
The housing stock here skews more owner-occupied, with 36.6% of housing units renter-occupied at the neighborhood level. For investors, that typically implies a somewhat thinner but more stable tenant base, where well-managed assets can capture consistent demand from households prioritizing convenience and schools without relying on heavy concessions.
Demographics aggregated within a 3-mile radius show recent population and household growth, with households expanding faster than population and forecasts indicating more households even as average household size trends lower. That pattern generally broadens the renter pool and supports occupancy stability over time. Median home values in the neighborhood are comparatively accessible versus many U.S. metros, which can create some competition from ownership; however, rent-to-income levels around the neighborhood median suggest manageable affordability pressure and support steady renewals.
Safety indicators compare slightly below the national median, with the neighborhood’s overall crime profile around the 42nd national percentile. Within the metro, the crime rank sits near the middle of 245 neighborhoods, indicating neither an outlier risk nor a clear advantage. Recent trends are directionally favorable, with estimated year-over-year declines in both property and violent offenses, according to WDSuite’s CRE market data.
For underwriting, this translates to exercising standard risk management — thoughtful lighting, access control, and resident screening — rather than planning for extraordinary security costs. Monitoring ongoing metro trends remains prudent as neighborhood conditions can evolve.
Proximity to regional headquarters and corporate offices anchors a diversified employment base that supports renter demand and commute convenience for residents, including VF, BB&T Corp., Reynolds American, Hanesbrands, and Laboratory Corp. of America.
- VF — apparel HQ (11.5 miles) — HQ
- BB&T Corp. — financial services (16.4 miles) — HQ
- Reynolds American — consumer goods (16.4 miles) — HQ
- Hanesbrands — apparel (20.2 miles) — HQ
- Laboratory Corp. of America — diagnostics (29.9 miles) — HQ
5060 Samet Dr is a 24‑unit, garden-style asset built in 1999 — slightly older than the neighborhood’s early‑2000s average — which points to pragmatic capital planning and potential value‑add through interior updates and systems modernization. The neighborhood reports a competitive occupancy profile (neighborhood metric) with rents near national midpoints, supporting retention while allowing operational upside through renovations and disciplined expense control. According to CRE market data from WDSuite, nearby corporate employment nodes add demand depth that helps sustain leasing through cycles.
Demographics aggregated within a 3‑mile radius show recent population and household growth, with forecasts indicating a larger number of households even as average household size trends lower — a setup that typically expands the renter pool and supports occupancy stability. At the neighborhood level, a more owner‑weighted tenure mix can limit overbuilding risk and favor well‑run multifamily that meets convenience and quality expectations.
- Neighborhood occupancy strength supports stable leasing (neighborhood metric, not the property)
- 1999 vintage offers value‑add potential via interior refresh and system updates
- 3‑mile household growth and smaller household size expand the renter pool
- Proximity to multiple headquarters underpins demand and retention
- Risk: owner‑leaning tenure and accessible ownership options may temper rent growth, favoring an operations‑first plan