| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 63rd | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 317 Pineview Dr, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2018-09-25 |
| Transaction Price | $1,725,000 |
| Buyer | PACIFIC COAST MANAGEMENT SERVICES LLC |
| Seller | PVA PROPERTY LLC |
317 Pineview Dr, Kernersville NC Multifamily Investment
Inner-suburb location with neighborhood occupancy above the metro median supports income stability, according to WDSuite’s CRE market data.
Positioned in Kernersville’s inner-suburb fabric of the Winston-Salem metro, 317 Pineview Dr benefits from neighborhood fundamentals that are above the metro median on occupancy (the neighborhood’s rental occupancy is strong compared with most of the 216 metro neighborhoods). A renter-occupied share that sits competitively among Winston-Salem neighborhoods points to a deeper tenant base and supports leasing continuity for multifamily investors.
Livability drivers are solid for a workforce and middle-income renter profile: restaurant and cafe density ranks competitively among the 216 neighborhoods in the metro and falls in the upper tiers nationally, with groceries, parks, and pharmacies also testing above average by national percentile. These proximity advantages can aid day-to-day convenience and bolster retention.
Within a 3-mile radius, recent population growth alongside a larger household count and a projected increase in households over the next five years indicate an expanding renter pool. This growth backdrop, based on CRE market data from WDSuite, underpins demand for rental units and can support occupancy stability.
The property’s 1985 vintage is newer than the neighborhood’s older housing stock, which can enhance competitiveness versus mid-century assets. Investors should still anticipate targeted modernization as systems age, but the relative vintage positioning can reduce near-term CapEx intensity compared with older comparables while preserving value-add optionality.
Home values in the neighborhood are moderate in a national context, and rent-to-income measures indicate manageable affordability pressure. For operators, this tends to support lease retention and measured pricing power while limiting turnover risk compared with higher-cost ownership markets.
Neighborhood safety trends compare favorably within the region: crime ranks in the top quartile among the 216 Winston-Salem metro neighborhoods, and national percentiles indicate safety that is better than average versus neighborhoods nationwide. This positioning can support renter appeal and steady occupancy.
Recent trends are mixed: violent incidents have improved on a year-over-year basis, while property incidents ticked higher. Investors should account for submarket-level variability and continue to monitor management practices and local enforcement initiatives when underwriting.
Nearby headquarters and major corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, including Reynolds American, BB&T Corp., Hanesbrands, VF, and Laboratory Corp. of America.
- Reynolds American — tobacco and consumer products HQ (9.5 miles) — HQ
- BB&T Corp. — banking and financial services (9.6 miles) — HQ
- Hanesbrands — apparel manufacturing and corporate (11.8 miles) — HQ
- VF — apparel and lifestyle brands (15.4 miles) — HQ
- Laboratory Corp. of America — diagnostics and life sciences (35.7 miles) — HQ
This 36-unit, 1985-vintage asset sits in an inner-suburb neighborhood that tests above the metro median for occupancy and offers a renter concentration competitive among Winston-Salem peers. The combination of commuter access, daily-needs amenities, and a growing 3-mile household base points to durable tenant demand and steady leasing. According to WDSuite’s commercial real estate analysis, the neighborhood’s positioning versus both metro and national benchmarks supports income resilience with room for targeted value-add.
Relative to older mid-century stock nearby, the vintage provides a competitive baseline; investors can pursue selective renovations to capture rent premiums while maintaining affordability that supports retention. Balanced safety indicators and proximity to multiple headquarters employers further reinforce demand, while ownership accessibility in the broader area suggests keeping renewal strategies and pricing discipline calibrated.
- Above-metro-median neighborhood occupancy and competitive renter-occupied share underpin demand stability.
- 1985 vintage offers relative competitiveness vs. older stock with actionable modernization upside.
- 3-mile household and population growth support a larger tenant base and leasing continuity.
- Proximity to regional headquarters employers supports retention and reduces commute friction.
- Risks: mixed property-crime trends and potential competition from ownership options warrant prudent underwriting.