| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 59th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 527 Michael St, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
527 Michael St Kernersville Multifamily Investment
Neighborhood fundamentals indicate steady renter demand, with renter-occupied share and occupancy measured at the neighborhood level supporting leasing stability, according to WDSuite s CRE market data. Built in 2000, the property s mid-vintage profile positions it competitively against older local stock while leaving room for targeted upgrades.
Kernersville s inner-suburban setting offers a practical balance of access and livability for workforce renters. Amenity density ranks in the top quartile among 216 Winston-Salem metro neighborhoods, with cafes and restaurants similarly competitive in the metro and above national medians. Grocery and pharmacy access also track above national norms, which helps day-to-day convenience and can aid resident retention.
Neighborhood-level occupancy is competitive among Winston-Salem neighborhoods and above national median benchmarks, signaling stable leasing conditions rather than outsized vacancy risk. Median contract rents in the neighborhood sit at a rent-to-income ratio near the middle of national ranges, which points to manageable affordability pressure and supports renewal prospects. In a commercial real estate analysis context, elevated home values relative to incomes locally suggest a high-cost ownership market that tends to sustain reliance on multifamily.
Construction in the area averages 1992, and this asset s 2000 vintage is newer than the neighborhood norm a relative advantage for marketing and operations, though investors should still plan for system modernization typical of its age. The share of housing units that are renter-occupied is substantial at the neighborhood level, indicating depth in the tenant base and supporting ongoing demand for a 24-unit community.
Demographic statistics aggregated within a 3-mile radius show recent population growth with a faster increase in households and a forecast for further household expansion through 2028. That trajectory points to a larger tenant base over time and should help support occupancy stability and lease-up velocity if units are brought to market through turnover or value-add execution, based on CRE market data from WDSuite.
One consideration: neighborhood childcare options are sparse relative to the metro, which could modestly narrow appeal for some family renters; however, parks and everyday services index above national norms, partially offsetting this factor for broader renter cohorts.
Safety indicators place the neighborhood around the metro median when compared with 216 Winston-Salem neighborhoods. Nationally, the area performs below the median overall, though neighborhood-level violent and property offense rates are closer to the safer side of national comparisons than the aggregate crime view suggests.
Recent year-over-year data show an uptick in estimated offense rates; investors should underwrite with conservative assumptions and monitor trendlines rather than relying on a single-year reading. Framing risk at the neighborhood scale not block-level helps keep expectations consistent with market realities for tenant screening and operating policies.
Nearby corporate headquarters across consumer goods and financial services provide a diversified employment base within commuting distance, supporting renter demand and lease retention. The list below highlights key employers that align with the submarket s workforce profile.
- Reynolds American consumer goods (9.8 miles) HQ
- BB&T Corp. financial services (9.9 miles) HQ
- Hanesbrands apparel (12.2 miles) HQ
- VF apparel (15.1 miles) HQ
- Laboratory Corp. of America healthcare diagnostics (35.4 miles) HQ
527 Michael St is a 24-unit, 2000-vintage asset positioned in an inner-suburban neighborhood where amenity access and neighborhood-level occupancy are supportive of steady operations. The property is newer than the neighborhood s average construction year, offering a competitive edge versus older stock while leaving scope for targeted renovations and energy/system upgrades. Household growth within a 3-mile radius with recent gains and a forward outlook for additional expansion points to a gradually expanding renter pool and supports occupancy stability. Elevated ownership costs relative to incomes locally reinforce renter reliance on multifamily, while neighborhood rent-to-income levels suggest manageable affordability pressure that can aid renewals.
According to CRE market data from WDSuite, the neighborhood s occupancy trend is competitive within the Winston-Salem metro and above national medians, aligning with sustained renter-occupied housing share at the neighborhood level. Investors should note near-term crime trend volatility and uneven family-serving amenities (notably childcare), but the area s employment access and livability metrics, combined with demographic tailwinds, underpin a balanced long-term thesis.
- Inner-suburban location with top-quartile metro amenity access supporting leasing and retention
- 2000 vintage newer than area average, enabling competitive positioning with value-add optionality
- 3-mile household growth and outlook point to a larger tenant base and occupancy stability
- Neighborhood rent-to-income dynamics indicate manageable affordability pressure aiding renewals
- Risks: recent crime upticks and limited childcare options warrant prudent underwriting and asset management