| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 38th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5801 British Square Dr, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1986 |
| Units | 94 |
| Transaction Date | 2020-04-17 |
| Transaction Price | $3,720,000 |
| Buyer | GINKGO SHATTALON LLC |
| Seller | SIMOES JOHN ELMAN |
5801 British Square Dr Winston-Salem 94-Unit Multifamily
Renter demand is supported by a deep tenant base and competitive neighborhood occupancy, according to WDSuite s CRE market data. This location offers stable cash flow potential with room for operational and physical enhancements over time.
Located in Winston-Salem s inner suburb, the property benefits from neighborhood fundamentals that are competitive within the metro. Cafe and pharmacy access ranks in the top quartile among 216 metro neighborhoods, while grocery stores, parks, and childcare are less represented locally a dynamic that can influence daily convenience but also keeps the submarket oriented toward workforce housing.
Multifamily performance indicators at the neighborhood level are constructive: occupancy is above the metro median and in the upper half nationally, and the area s average NOI per unit ranks in the top quartile among 216 neighborhoods (per WDSuite). A very high share of housing units are renter-occupied (about 85%), signaling a deep tenant base and reinforcing demand for professionally managed apartments. Lease-up and retention strategies should consider that the rent-to-income ratio trends high here, which may require careful pricing and resident support to sustain stability.
Within a 3-mile radius, demographics show a large working-age cohort and a projected increase in both population and households by 2028, pointing to a larger tenant base and more renters entering the market. Median household income has risen versus five years ago, and forecasts indicate further gains, which can support rent growth and occupancy stability if operators manage affordability pressure thoughtfully. Neighborhood home values sit in a high-cost ownership context relative to local incomes (a high value-to-income ratio, top-tier nationally), which tends to reinforce reliance on rental housing and can underpin demand for multifamily product.
Vintage considerations matter: built in 1986, the asset is slightly older than the neighborhood s average construction year. Investors should plan for targeted capital expenditures around building systems and interiors to protect competitiveness against newer stock and to capture value-add potential where feasible.
Safety trends at the neighborhood level are weaker than the metro median among 216 Winston-Salem neighborhoods and track below the national average (national percentiles are lower for both violent and property offenses). Recent year-over-year movement shows mixed signals, so prudent operators typically budget for security-minded measures and resident engagement to support retention and community stability.
Nearby corporate anchors provide diverse employment across apparel, tobacco, banking, and outdoor brands, supporting renter demand through commute convenience and a steady workforce tenant base. The list below highlights headquarters within practical reach of the property.
- Hanesbrands apparel HQ operations (1.7 miles) HQ
- Reynolds American tobacco corporate offices (5.2 miles) HQ
- BB&T Corp. banking corporate offices (5.4 miles) HQ
- VF outdoor/apparel corporate offices (27.2 miles) HQ
5801 British Square Dr presents a 94-unit, 1986-vintage asset in a renter-heavy neighborhood where occupancy sits above the metro median and within the upper half nationally. High renter concentration supports depth of demand, while top-quartile neighborhood NOI per unit (versus 216 metro neighborhoods) suggests operational performance can be competitive with capable management, based on CRE market data from WDSuite.
Within a 3-mile radius, forecasts point to population growth and a sizable increase in households by 2028, expanding the tenant base and supporting occupancy stability. The ownership market s high value-to-income ratio reinforces reliance on rentals, though elevated rent-to-income levels warrant disciplined pricing, expense control, and resident retention strategies. Given the 1986 vintage, a focused value-add plan targeting interiors and building systems can improve competitiveness against newer supply.
- Renter-heavy neighborhood supports a deep tenant base and leasing velocity.
- Competitive occupancy and top-quartile neighborhood NOI per unit indicate solid operating potential.
- 3-mile forecasts show growth in population and households, expanding demand for rentals.
- 1986 vintage offers actionable value-add and systems upgrades to enhance positioning.
- Risks: below-average safety metrics and high rent-to-income levels require proactive management and retention focus.