| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 50th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1237 Masten Dr, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 2007 |
| Units | 70 |
| Transaction Date | 2021-12-29 |
| Transaction Price | $12,973,500 |
| Buyer | 1237 MASTEN DRIVE LP |
| Seller | ARBOR RIDGE AT KERNERSVILLE LLC |
1237 Masten Dr Kernersville Multifamily Opportunity
Neighborhood occupancy in the mid-90s and strong daily-needs access point to steady renter demand, according to WDSuite s CRE market data. Positioning in an Inner Suburb location supports durable leasing with balanced affordability and amenity depth.
Located in Kernersville s Inner Suburb within the Winston-Salem metro, the neighborhood is competitive among Winston-Salem, NC neighborhoods (ranked 6 out of 216) with an overall A+ rating, per WDSuite. For investors, that translates to solid livability fundamentals that can support leasing and retention.
Amenity access is a clear strength. Pharmacy density ranks 2 out of 216 metro neighborhoods (93rd percentile nationally), with groceries (rank 12) and restaurants (rank 17) also above the metro median. Caf e9 access (rank 9; 88th percentile nationally) and nearby parks contribute to day-to-day convenience a useful tailwind for tenant satisfaction and renewal behavior.
Neighborhood occupancy is measured at 94.2% (66th percentile nationally), according to CRE market data from WDSuite. The share of housing units that are renter-occupied is about 36%, indicating a moderate renter concentration and a meaningful tenant base for multifamily while leaving room to compete against ownership options.
Within a 3-mile radius, demographics show recent increases in population and households, with projections indicating further household growth through 2028. This points to a larger tenant base and supports occupancy stability over the medium term. Median home values sit in a higher range for the metro context, and a rent-to-income ratio near 0.16 suggests manageable renter affordability both supportive of lease retention and pricing discipline.
Built in 2007 versus a neighborhood average vintage around the early 1990s, the asset s newer construction should remain competitively positioned against older stock. Investors may still plan for routine modernization as building systems age toward two decades, but capital needs are likely more predictable than for 1980s-era peers.
Safety indicators are mixed but generally stable in a metro context. The neighborhood s crime rank sits around the metro median (100 out of 216 neighborhoods), suggesting conditions comparable to many Winston-Salem subareas. Nationally, violent offense exposure trends better than average (roughly 68th percentile), while property offenses track closer to the national middle.
Recent data show a short-term uptick in property offenses, indicating potential volatility rather than a structural shift. Investors should treat this as a monitoring item and incorporate typical operating practices (lighting, access control, and resident engagement) instead of assuming a persistent trend.
Proximity to several established corporate headquarters supports a diversified employment base and practical commute times for renters. Notable employers span tobacco, banking, apparel, and diagnostics all represented below and relevant to workforce housing and retention.
- Reynolds American tobacco (8.2 miles) HQ
- BB&T Corp. banking (8.3 miles) HQ
- Hanesbrands apparel (11.0 miles) HQ
- VF apparel & outdoor (16.7 miles) HQ
- Laboratory Corp. of America diagnostics (36.9 miles) HQ
This 70-unit, 2007-vintage asset benefits from neighborhood occupancy near the mid-90s and amenity strength that outperforms much of the Winston-Salem metro. According to CRE market data from WDSuite, the area ranks competitively among 216 metro neighborhoods and trends above national midpoints on several livability measures, supporting steady leasing and renewal potential. Newer construction relative to local averages positions the property well versus older comparables, while routine modernization can further protect competitive standing.
Within a 3-mile radius, recent growth in population and households with projections indicating further household expansion by 2028 suggests a larger tenant base over time. A moderate renter concentration, rent-to-income near 0.16, and ownership costs that are not low for the region point to balanced affordability that can support occupancy stability and measured pricing power. Key risks to monitor include recent variability in property crime metrics and the potential for tenure mix to tilt toward ownership over the forecast period, which would require sharper positioning and amenity execution.
- Mid-90s neighborhood occupancy and competitive amenity access support leasing durability
- 2007 construction offers competitive positioning versus older local stock, with manageable modernization needs
- 3-mile household growth and projections indicate a larger tenant base and support for retention
- Balanced affordability (rent-to-income near 0.16) helps sustain pricing discipline without overextending renters
- Risks: recent property crime volatility and potential moderation in renter concentration call for strong asset management