| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 53rd | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Woodbriar Path, Rural Hall, NC, 27045, US |
| Region / Metro | Rural Hall |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | 2019-02-28 |
| Transaction Price | $740,000 |
| Buyer | ANDRAOS SHAFIC A |
| Seller | JARRAHI FAMILY LIMITED PARTNERSHIP I |
300 Woodbriar Path, Rural Hall Multifamily Value‑Add
Neighborhood occupancy is above the Winston‑Salem metro median with a smaller, steady renter base in an owner‑leaning area, according to WDSuite’s CRE market data.
Rural Hall offers quieter, lower‑density living within the Winston‑Salem region, with daily needs covered and fewer discretionary amenities nearby. Grocery and pharmacy access are competitive among Winston‑Salem neighborhoods (ranks 54 and 44 out of 216), while cafes, parks, and childcare are limited in this immediate area. For investors, this pattern points to resident preference for suburban convenience over lifestyle retail, which can still support stable tenancy for workforce housing.
The neighborhood’s occupancy rate is measured for the neighborhood, not the property, and trends around the metro middle (rank 94 of 216) with negligible movement over the past five years, suggesting baseline stability rather than volatility. Median neighborhood rents pair with a rent‑to‑income ratio near 0.16, indicating manageable affordability that can aid retention and reduce turnover risk for well‑maintained assets.
Tenure skews owner‑occupied, with renter‑occupied housing around the upper‑20s percent in the neighborhood. For multifamily investors, that implies a more selective but durable renter pool, often favoring longer stays when product fits needs and price points. The property’s 1980 vintage is modestly older than the neighborhood average (1986), which can create value‑add potential through targeted renovations and system upgrades to compete against newer stock.
Demographic statistics are aggregated within a 3‑mile radius. Over the last five years, population edged down slightly while the number of households increased, signaling smaller household sizes and a broader base of renter prospects. Looking ahead, forecasts point to continued growth in households, which expands the local tenant base and supports occupancy stability, based on CRE market data from WDSuite.
Relative to Winston‑Salem’s 216 neighborhoods, the area sits near the middle on crime (rank 104 of 216). Compared with neighborhoods nationwide, it falls below the national middle (around the 33rd percentile for safety), so investors should underwrite prudent security measures and emphasize lighting, access controls, and resident engagement.
Recent year estimates indicate an uptick in property and violent offense rates locally. While neighborhood‑level safety can evolve, a conservative approach to operating practices and coordination with local resources can help support resident satisfaction and leasing stability over time.
Proximity to established corporate employers supports a steady commuter tenant base and reinforces retention for workforce‑oriented units. Notable nearby employers include Hanesbrands, Reynolds American, BB&T Corp., and VF.
- Hanesbrands — apparel HQ (3.8 miles) — HQ
- Reynolds American — consumer goods HQ (9.9 miles) — HQ
- BB&T Corp. — financial services HQ (10.2 miles) — HQ
- VF — apparel & footwear HQ (29.0 miles) — HQ
300 Woodbriar Path is a 24‑unit, 1980‑vintage asset positioned in a quieter, owner‑leaning neighborhood where renter demand is present but more selective. Neighborhood occupancy sits above the metro median, and a rent‑to‑income ratio near 0.16 points to manageable affordability that can support lease retention. The slightly older vintage creates an avenue for value‑add upgrades to close the competitive gap with newer stock while maintaining a sensible cost basis.
Within a 3‑mile radius, households have grown and are projected to continue expanding, which increases the local renter pool and supports occupancy stability. According to CRE market data from WDSuite, essentials‑oriented amenity access and proximity to major employers underpin steady workforce demand, though limited lifestyle amenities and mixed safety signals warrant conservative underwriting and active asset management.
- Above‑median neighborhood occupancy supports baseline stability
- 1980 vintage offers value‑add potential through targeted renovations
- 3‑mile household growth and employer proximity deepen the tenant base
- Manageable rent‑to‑income dynamics aid retention and pricing discipline
- Risks: limited lifestyle amenities, mixed safety trends, and capex needs for older systems