| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 28th | Poor |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2500 Polo Ridge Ct, Winston Salem, NC, 27106, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1997 |
| Units | 122 |
| Transaction Date | 2008-12-03 |
| Transaction Price | $12,048,500 |
| Buyer | FIVE STAR QUALITY CARE OBX OWNER LLC |
| Seller | WINSTON SALEM OAKDALE PROPERTY LLC |
2500 Polo Ridge Ct Winston-Salem Multifamily Investment
1997 construction and proximity to major employers position this 122-unit asset for steady renter demand, according to WDSuite’s CRE market data. Neighborhood-level occupancy is discussed below as a submarket context, not a property metric.
Located in an inner-suburb pocket of Winston-Salem, the property benefits from a balanced housing mix and employment access while maintaining a residential feel. Neighborhood occupancy is measured for the neighborhood, not the property, and has trended modestly higher in recent years, supporting stability for well-managed assets.
Restaurant density ranks 21 out of 216 metro neighborhoods, placing the area in the top quartile locally and signaling convenient dining options compared with much of the metro. By contrast, immediate access to cafes, groceries, parks, and pharmacies is limited within the neighborhood footprint, which may shift convenience trips to nearby corridors.
Tenure patterns point to a durable renter base: within a 3-mile radius, just over half of housing units are renter-occupied, indicating depth for leasing and renewals. At the neighborhood level, renter concentration sits in the mid-40% range, suggesting a mixed-owner context that can support stable multifamily demand.
Ownership costs are elevated relative to incomes in this part of the metro, and median home values rank in the upper tier locally and above national midpoints. This high-cost ownership landscape tends to reinforce reliance on multifamily housing, aiding pricing power and lease retention for competitive assets.
Safety indicators for the neighborhood are mixed relative to Winston-Salem and the nation. The neighborhood’s crime rank places it in the lower half among 216 metro neighborhoods, and national comparisons sit below the median. Recent trends show violent offenses declining year over year while property offenses increased, signaling that owners may want to emphasize lighting, access control, and package management as part of operational plans.
For investors, the takeaway is contextual: compared with many Winston-Salem neighborhoods, safety outcomes are not a local strength, but the improving trajectory in violent incidents is constructive. Positioning that prioritizes on-site visibility and resident engagement can help support retention and leasing stability without overrelying on block-level assumptions.
Nearby headquarters-scale employers across consumer goods, banking, and apparel support a sizable commuter workforce, which can underpin renter demand and lease retention for workforce-oriented units. The following employers are within practical driving distance of the property:
- Reynolds American — consumer goods/tobacco (3.6 miles) — HQ
- BB&T Corp. — banking/financial services (3.8 miles) — HQ
- Hanesbrands — apparel/textiles (4.0 miles) — HQ
- VF — apparel/retail (27.5 miles) — HQ
Built in 1997, the property is newer than much of the surrounding housing stock, which skews toward late-1960s vintages. That relative youth supports competitive positioning versus older assets, while still leaving room for targeted modernization of interiors and common areas to drive rent premiums and retention. Neighborhood occupancy discussed here is measured for the neighborhood, not the property, but a gradual uptick points to demand stability for well-managed communities.
Within a 3-mile radius, forecasts call for meaningful population and household growth over the next five years, implying a larger tenant base and stronger leasing velocity. Elevated home values relative to incomes in the neighborhood reinforce renter reliance on multifamily housing, and proximity to several headquarters diversifies the employment base. According to CRE market data from WDSuite, these fundamentals align with an operator-focused strategy that balances rent growth with resident affordability and capital planning.
- 1997 vintage offers competitive positioning versus older area stock with targeted value-add potential
- Forecasted growth in population and households within 3 miles supports a larger renter pool and occupancy stability
- High-cost ownership market bolsters multifamily demand and lease retention prospects
- Proximity to major headquarters underpins steady tenant demand from commuters
- Risks: neighborhood safety is below metro average and amenity gaps require thoughtful on-site programming and security investment