| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 56th | Good |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 815 Donnell St, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1979 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
815 Donnell St, Kernersville NC Multifamily Value-Add
Neighborhood occupancy is solid and schools rate among the metro’s best, pointing to durable renter demand according to WDSuite’s CRE market data, while the 1979 vintage suggests practical renovation upside. This balance supports stable operations with potential to enhance performance through targeted capital plans.
Located in Kernersville’s inner-suburban context of the Winston-Salem metro, the property sits in a neighborhood rated B+ and ranked 62 out of 216 metro neighborhoods. Occupancy in the neighborhood is competitive among Winston-Salem neighborhoods and in the top quartile nationally, a signal of demand resilience that can support leasing stability and renewal capture, based on commercial real estate analysis from WDSuite.
Livability supports renter appeal. Average school ratings are strong (ranked 1 of 216 in the metro and top-tier nationally), reinforcing family-oriented retention. Daily needs are reasonably served with grocery access (rank 34 of 216) and a modest restaurant presence (rank 46 of 216). However, parks, pharmacies, childcare, and cafes are limited within the neighborhood footprint, so residents may rely on adjacent corridors for some amenities.
Tenure patterns indicate a moderate renter-occupied share at the neighborhood level, providing a meaningful multifamily tenant base without signaling saturation. Within a 3-mile radius, households have grown recently and are projected to expand further, while average household size trends slightly smaller — dynamics that typically increase the number of households and can deepen the local renter pool, supporting occupancy stability.
Home values in the area are comparatively lower versus many U.S. neighborhoods, which can introduce some competition from ownership pathways. Even so, neighborhood rent-to-income levels sit near national norms, suggesting manageable affordability pressure that can aid lease retention. The property’s 1979 construction is older than the neighborhood’s average stock (1985), implying value-add and capital planning opportunities to maintain competitiveness against newer product.
Safety signals are mixed and should be viewed comparatively. The neighborhood’s crime rank is 38 out of 216 Winston-Salem neighborhoods, indicating higher reported incidents than many parts of the metro. At the same time, national comparisons place the area modestly above the U.S. median for safety, with both violent and property offense measures sitting in stronger-than-average national percentiles according to WDSuite.
Trend-wise, estimated violent offense rates have improved year over year (stronger national percentile for improvement), while estimated property offenses showed a recent uptick (weaker national percentile for change). For underwriting, this suggests monitoring near-term property crime trends while recognizing improving violent offense momentum. Avoid block-level conclusions; evaluate site-specific measures such as lighting, access control, and visibility along the immediate street grid.
Regional employers within commuting reach support a diversified renter base, with concentration in banking, consumer goods, and healthcare diagnostics. The following headquarters nodes can help underpin stable occupancy through commute convenience for a workforce renter profile.
- Reynolds American — tobacco (10.5 miles) — HQ
- BB&T Corp. — banking (10.6 miles) — HQ
- Hanesbrands — apparel/consumer goods (12.0 miles) — HQ
- VF — apparel/consumer brands (14.7 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (35.0 miles) — HQ
This 72-unit, 1979 vintage asset offers a straightforward value-add path in a neighborhood with competitive occupancy among Winston-Salem peers and top-quartile standing nationally. Strong school ratings and access to daily needs, coupled with a moderate renter-occupied share, point to a stable tenant base with potential for rent and retention optimization. Within a 3-mile radius, recent household growth and an expected increase over the next five years suggest a larger tenant base and support for sustained leasing activity. According to CRE market data from WDSuite, local rent levels sit near national affordability norms, which can help manage retention risk while pursuing renovations.
Counterbalancing factors include comparatively accessible home values that may create ownership competition and mixed safety trends that warrant continued monitoring. The vintage relative to the area’s 1980s-average stock provides practical renovation and systems upgrades to drive NOI via unit finishes, energy efficiency, and curb appeal, helping the property compete against newer supply while reinforcing occupancy stability.
- Competitive neighborhood occupancy with top-quartile national standing supports stable leasing
- 1979 vintage creates clear value-add and capital planning opportunities relative to area stock
- Within 3 miles, household growth and smaller household size expand the renter pool
- Near-term risks: accessible ownership alternatives and mixed property-crime trends to monitor