| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 27th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9 Liberty Dr, Thomasville, NC, 27360, US |
| Region / Metro | Thomasville |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2004-06-08 |
| Transaction Price | $404,000 |
| Buyer | CASHION L G |
| Seller | --- |
9 Liberty Dr Thomasville 20-Unit Multifamily Investment
Neighborhood occupancy sits near metro norms with supportive renter affordability, according to WDSuite’s CRE market data, suggesting steady leasing conditions without aggressive concessions.
Located in a suburban pocket of the Winston-Salem, NC metro, the neighborhood carries a B rating and ranks 101 out of 216 metro neighborhoods — effectively around the metro median. For investors, that positioning points to stable but competitive fundamentals rather than an emerging outlier.
Daily-needs access is competitive among Winston-Salem neighborhoods: grocery and pharmacy density score well within the metro (ranks 36 and 15 out of 216, respectively), and cafes and restaurants are relatively prevalent. However, park access and childcare options score at the bottom of the metro distribution (both ranked 216 of 216). This mix generally supports everyday convenience for renters while signaling limited family-oriented amenity depth nearby.
Neighborhood occupancy is reported at 91% (near the metro median), and rents remain more accessible relative to incomes in this area. Nationally, rent-to-income and amenity percentiles indicate balanced affordability and convenience rather than premium positioning — a profile that tends to support retention for workforce-oriented properties.
Within a 3-mile radius, demographics show a meaningful renter-occupied presence (about 40% of housing units), providing depth to the tenant base. While population was roughly flat to slightly down in recent years, forecasts through 2028 indicate growth in both population and households, which would expand the renter pool and support occupancy stability if realized. School ratings are lower than many peer areas (average rating near the bottom nationally), which can temper appeal for some family renters but typically has less impact on smaller, value-oriented unit mixes.
Home values in this neighborhood sit below many national peers, and the local value-to-income context suggests a more accessible ownership market compared with expensive coastal metros. For multifamily owners, relatively elevated ownership accessibility can introduce some competition from entry-level buying; however, the area’s favorable rent-to-income conditions and median-level occupancy typically sustain rental demand and lease retention.
Safety signals are mixed but improving. The neighborhood’s crime rank is 12 out of 216 within the Winston-Salem metro, indicating more reported incidents than many local neighborhoods. At the same time, national percentiles point to mid-to-better-than-average standing versus neighborhoods nationwide, and recent year-over-year estimates suggest notable declines in both property and violent offenses. For investors, the local-vs-national contrast and downward trend imply conditions to monitor rather than a structural deterrent.
Regional employment is anchored by large corporate headquarters within commuting range, supporting renter demand and lease retention for workforce housing. Notable nearby employers include BB&T Corp. (financial services), Reynolds American (tobacco), VF (apparel), Hanesbrands (apparel), and Laboratory Corp. of America (diagnostics).
- BB&T Corp. — financial services (17.5 miles) — HQ
- Reynolds American — tobacco (17.7 miles) — HQ
- VF — apparel (22.0 miles) — HQ
- Hanesbrands — apparel (23.6 miles) — HQ
- Laboratory Corp. of America — diagnostics (37.9 miles) — HQ
This 20-unit asset in Thomasville benefits from balanced neighborhood fundamentals: occupancy near metro medians, a sizable renter base within a 3-mile radius, and rents that remain accessible relative to incomes — conditions that can support steady leasing and retention. According to CRE market data from WDSuite, local amenities skew toward daily-needs convenience (grocery and pharmacy) with fewer parks and childcare options, aligning the asset with workforce renters who prioritize affordability and commute practicality.
Forward-looking demographics within 3 miles point to population and household expansion by 2028, which would enlarge the renter pool and help sustain occupancy. Proximity to major regional headquarters in Winston-Salem and Greensboro-High Point adds employment diversity that can underpin demand. Key watch items include comparatively low school ratings and limited family-oriented amenities, along with modest historical population softness; these factors may temper rent growth expectations and position the asset for value management rather than premium pricing.
- Occupancy near metro norms with accessible rents supports stable leasing and retention
- 3-mile renter concentration provides depth to the tenant base and demand durability
- Daily-needs amenities (grocery, pharmacy) and commuting access align with workforce housing demand
- Regional HQ employment within 18–24 miles underpins renter demand and renewal potential
- Risks: low school ratings, limited parks/childcare, and prior population softness may temper rent growth