| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 63rd | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6100 Gateway Place Ln, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 2004 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6100 Gateway Place Ln Kernersville Multifamily Investment
2004-vintage, 114-unit asset positioned for durable renter demand in an inner-suburban node with solid neighborhood occupancy and amenity access, according to CRE market data from WDSuite. Newer construction relative to nearby housing stock supports competitive positioning and potential for targeted upgrades.
Kernersville’s inner-suburban setting delivers everyday convenience and broad renter appeal. Neighborhood dining and café density are strong versus national norms, with restaurants and coffee options placing in higher national percentiles, while grocery, parks, and pharmacies also test above average. These fundamentals help support day-to-day livability and leasing velocity for workforce and professional tenants.
Neighborhood occupancy is healthy and has improved over the last five years, signaling steady absorption and lease retention, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is competitive nationally, indicating a meaningful tenant base to support multifamily demand without relying on a narrow segment.
Within a 3-mile radius, demographics show recent population growth and a larger increase in households, with projections calling for further gains through the next five years. Shrinking average household size suggests more households in need of units, which can support occupancy stability and a deeper renter pool. Median household incomes have been rising, and forecast rent levels are expected to advance, which together point to sustained capacity for rent collections and measured pricing power.
Home values in the neighborhood sit below major coastal markets, and rent-to-income levels are moderate. In practice, this creates a high-cost ownership market relative to local incomes that tends to reinforce reliance on rental housing, supporting demand depth and lease retention for professionally managed properties.
The property’s 2004 construction is newer than the neighborhood’s older average vintage, offering a competitive edge on unit layouts and building systems versus mid-century stock. Investors should still plan for periodic modernization and common-area refreshes to maintain positioning as nearby product continues to renovate.
Safety indicators are mixed and should be evaluated in context. The neighborhood’s crime rank is 42 out of 216 Winston-Salem metro neighborhoods, indicating comparatively higher incident levels than many parts of the metro. Nationally, overall outcomes sit near the middle of the pack, and violent offenses benchmark stronger, placing in a higher national percentile than property offenses.
Trend signals also diverge: recent estimates show a decline in violent incidents (strong improvement relative to national peers), while property offenses have increased year over year. For underwriting, investors often account for security measures and insurance assumptions and compare them with nearby comps to calibrate risk and operating policies.
Proximity to major corporate employers underpins a diversified employment base and supports renter demand through commute convenience for professional and administrative workers. Nearby anchors include Reynolds American, Truist (BB&T), Hanesbrands, VF, and Labcorp.
- Reynolds American — tobacco corporate offices (9.9 miles) — HQ
- BB&T Corp. — banking corporate offices (10.1 miles) — HQ
- Hanesbrands — apparel corporate offices (12.2 miles) — HQ
- VF — apparel & footwear corporate offices (15.0 miles) — HQ
- Laboratory Corp. of America — diagnostics corporate offices (35.3 miles) — HQ
6100 Gateway Place Ln offers a 2004-vintage, 114-unit footprint in an inner-suburban neighborhood with solid occupancy and a renter-occupied housing share that supports depth of demand. Compared with the neighborhood’s much older average vintage, the asset is competitively positioned versus mid-century stock, while targeted unit and common-area updates can extend its leasing edge. Household growth within a 3-mile radius, coupled with rising incomes and forecast rent gains, points to a larger tenant base and sustained collections, according to CRE market data from WDSuite.
Amenity access is favorable by national benchmarks, which helps retention and lease-up, while home values and rent-to-income dynamics suggest continued reliance on multifamily housing. Key underwriting considerations include recent volatility in property offenses and potential competition from ownership if the metro tilts toward higher owner share over time.
- Inner-suburban location with above-average amenity access supports leasing velocity and retention
- 2004 construction competitive versus older neighborhood stock; scope for value-add through selective modernization
- 3-mile household growth and rising incomes expand the renter pool and support occupancy stability
- Employment access to multiple corporate HQs reinforces demand from professional tenants
- Risks: recent property-crime uptick and possible competition from ownership alternatives warrant prudent underwriting