| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 43rd | Fair |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Northridge Ct, Mocksville, NC, 27028, US |
| Region / Metro | Mocksville |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2014-03-28 |
| Transaction Price | $1,846,500 |
| Buyer | RP2 PROPERTIES LLC |
| Seller | INTERURBAN NORTHWOODS LLP |
100 Northridge Ct, Mocksville 20-Unit Multifamily
Neighborhood occupancy is competitive and rents appear manageable relative to local incomes, according to WDSuite’s CRE market data, supporting a steady renter base for this Mocksville asset.
Located in a Rural neighborhood within the Winston-Salem, NC metro, the area posts a competitive among Winston-Salem neighborhoods occupancy profile, with neighborhood occupancy trending above the metro median over the past five years, based on WDSuite’s commercial real estate analysis. This backdrop can help stabilize leasing for small multifamily properties.
Livability is serviceable rather than high-amenity. Grocery access tracks around the metro middle and park access sits modestly above national mid-range, while cafes and pharmacies are sparse. For family-oriented renters, average school ratings trail metro leaders. Investors should underwrite these factors into leasing and retention assumptions.
Tenure patterns signal a modest renter concentration within the neighborhood, implying a thinner, but potentially stable, multifamily demand pool. Within a 3-mile radius, population and household counts have grown in recent years, expanding the tenant base; forecasts point to additional gains by 2028 alongside slightly smaller average household sizes, which can incrementally support demand for rental units.
Home values sit below major coastal markets, and ownership costs appear more accessible in context. That backdrop can temper near-term pricing power, but relatively manageable rent-to-income levels support retention and reduce turnover risk for value-oriented product.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using county and metro sources and track multi-year trends alongside property-specific measures (lighting, access control) to inform underwriting. Avoid block-level conclusions and rely on consistent, third-party datasets for decision-making.
Regional employment is anchored by corporate offices within commuting distance, supporting workforce renter demand and lease retention. Notable nearby employers include BB&T Corp., Reynolds American, Hanesbrands, Lowe's, and Sysco.
- BB&T Corp. — financial services HQ (21.3 miles) — HQ
- Reynolds American — consumer goods/tobacco (21.5 miles) — HQ
- Hanesbrands — apparel manufacturing (25.1 miles) — HQ
- Lowe's — home improvement retail (30.6 miles) — HQ
- Sysco — foodservice distribution (33.7 miles)
Built in 1988, this 20-unit property is newer than much of the surrounding housing stock, offering a relative competitive edge against older inventory while still leaving room for targeted system upgrades or cosmetic repositioning. The neighborhood shows a solid occupancy profile and manageable rents relative to local incomes, which can support leasing stability and retention for value-oriented units, according to CRE market data from WDSuite.
Demand drivers are steady rather than amenity-led: modest renter concentration locally balanced by 3-mile population and household growth, plus access to multiple corporate employment centers within 20–35 miles that broaden the commuter tenant base. Key underwriting considerations include limited nearby amenities and below-average school ratings, which may cap rent premiums but also align with a cost-conscious renter segment.
- 1988 vintage newer than neighborhood average, with value-add and modernization potential
- Neighborhood occupancy competitive among Winston-Salem submarkets, supporting leasing stability
- Rents manageable versus incomes; expanding 3-mile renter pool supports retention
- Commutable access to multiple HQs and large employers underpins workforce demand
- Risks: modest local amenities and lower school scores may limit pricing power