| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 25th | Poor |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Ridge Mill Cir, Lexington, NC, 27295, US |
| Region / Metro | Lexington |
| Year of Construction | 2002 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 Ridge Mill Cir Lexington NC Multifamily Investment
Neighborhood-level occupancy is in the top quartile nationally, signaling durable renter demand and cash flow stability for this 2002 asset, according to WDSuite’s CRE market data.
Positioned in Lexington’s inner-suburban fabric of the Winston-Salem metro, the neighborhood carries a B+ rating and ranks 73 out of 216 neighborhoods—competitive among Winston-Salem neighborhoods. Occupancy at the neighborhood level sits in the top quartile nationally, a constructive backdrop for lease-up and retention relative to broader U.S. multifamily conditions.
The renter-occupied share of housing units is elevated versus most U.S. neighborhoods (high national percentile), indicating a deep tenant base that tends to support ongoing leasing activity. Within a 3-mile radius, households have expanded over the past five years and are projected to grow further, pointing to renter pool expansion that can underpin occupancy stability.
Local amenities skew practical: grocery and pharmacy access track above many peer areas, while parks and childcare options are thinner. School ratings in the area trend low versus national benchmarks, which some tenants may weigh; investors should plan marketing and positioning accordingly. Median home values are lower relative to national norms, which can increase competition from ownership options, but the neighborhood’s rent-to-income profile suggests manageable affordability pressure—supportive of retention and ongoing demand.
Vintage matters: with a 2002 construction year versus an area average from the mid-1980s, the property should compare favorably to older stock. Investors can still expect periodic system upgrades and common-area refreshes over the hold to maintain competitive positioning.
Safety indicators compare favorably at the national level. Neighborhood measures for both property and violent offenses sit in high national percentiles (top decile nationally for violent offenses), suggesting comparatively safer conditions than many U.S. neighborhoods. Recent trends also show a meaningful year-over-year decline in violent offense estimates, according to WDSuite’s data. As always, conditions can vary by block and over time, so investors should pair these directional metrics with customary on-the-ground diligence.
Regional employment anchors within commuting distance support steady renter demand, with a concentration of corporate headquarters across financial services, consumer goods, and logistics reflected below.
- BB&T Corp. — financial services (17.9 miles) — HQ
- Reynolds American — tobacco/consumer products (18.2 miles) — HQ
- Hanesbrands — apparel (24.4 miles) — HQ
- VF — apparel & footwear (32.7 miles) — HQ
- Sysco — foodservice distribution (35.9 miles)
- Lowe's — home improvement (38.9 miles) — HQ
110 Ridge Mill Cir offers 88 units built in 2002, giving it a competitive edge versus older neighborhood stock from the 1980s. Neighborhood occupancy trends are strong—top quartile nationally—supporting stable collections and leasing. Within a 3-mile radius, rising household counts and projected growth indicate a larger tenant base over the next few years, while a moderate rent-to-income profile points to manageable affordability pressure and supports retention, based on CRE market data from WDSuite.
The location balances everyday conveniences (notably grocery and pharmacy access) with regional job access to multiple headquarters. Potential considerations include comparatively low school ratings and thinner park/childcare coverage, which may influence some tenant segments, as well as the relatively accessible ownership market that can create intermittent competition with for-sale options. Targeted unit and common-area updates can help sustain a leasing advantage over older properties nearby.
- Newer vintage (2002) versus area average, supporting competitive positioning with manageable capital planning.
- Top-quartile neighborhood occupancy nationally, aiding collections stability and lease retention.
- 3-mile household growth and projections point to a larger tenant base and sustained demand.
- Regional headquarters presence within commuting range supports employment-driven renter demand.
- Risks: lower school ratings, limited parks/childcare, and potential competition from the ownership market.