| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1807 S Scales St, Reidsville, NC, 27320, US |
| Region / Metro | Reidsville |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1807 S Scales St, Reidsville NC Multifamily Investment
Renter demand in this Reidsville suburban pocket is supported by a relatively high share of renter-occupied units in the neighborhood, according to WDSuite’s CRE market data, while occupancy trends suggest disciplined leasing and retention strategies will be important.
The immediate neighborhood carries a B rating and ranks 115 out of 245 within the Greensboro–High Point metro, placing it above the metro median. For investors, that translates to generally competitive livability and leasing fundamentals at the sub-neighborhood scale rather than a top-tier positioning.
Daily needs are reasonably met with grocery and pharmacy access performing above national medians, while parks and cafe density are limited. This mix supports workforce housing but suggests amenities on-site or nearby retail tie-ins could enhance resident appeal.
Neighborhood-level occupancy trends sit below national midpoints, but the share of housing units that are renter-occupied is high — top quartile among metro neighborhoods and stronger than most areas nationally. That depth of renter concentration points to a broader tenant base, though it also raises the bar on competitive positioning and asset-level operations to sustain occupancy.
Within a 3-mile radius, demographics show modest recent population and household growth with projections indicating a larger renter pool by 2028. This supports steady demand for multifamily, while relatively accessible home values in the area may create occasional competition with ownership; rent-to-income levels indicate manageable affordability pressure, favoring retention if pricing is calibrated to local conditions. These dynamics reflect a balanced opportunity, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed when compared across scales. The neighborhood’s overall crime position sits near the metro midpoint (ranked 110 of 245), and around the middle nationally. Violent- and property-related metrics score in higher national percentiles, indicating comparatively safer standing versus many U.S. neighborhoods, yet recent year-over-year movements point to an uptick that warrants ongoing monitoring.
For underwriting and operations, investors should assume standard risk management: lighting, access control, and resident engagement, combined with regular review of local trendlines rather than relying on block-level assumptions.
Regional employment is anchored by corporate headquarters in apparel, diagnostics, tobacco, and banking within commutable distance, supporting workforce renter demand and lease stability for properties positioned to capture commuters.
- VF — apparel HQ (16.4 miles) — HQ
- Laboratory Corp. of America — diagnostics HQ (20.9 miles) — HQ
- Hanesbrands — apparel HQ (34.9 miles) — HQ
- Reynolds American — tobacco (36.1 miles) — HQ
- BB&T Corp. — banking (36.3 miles) — HQ
This 24-unit asset in Reidsville’s suburban fabric targets a renter-heavy neighborhood where tenant depth is stronger than the metro median. While neighborhood occupancy runs softer than national midpoints, the area’s renter concentration and commute access to multiple corporate HQs support ongoing leasing velocity if the property competes on unit quality and management execution. According to CRE market data from WDSuite, the surrounding area shows steady recent growth with projections indicating further renter pool expansion, reinforcing long-run demand for well-managed workforce housing.
Homeownership remains relatively accessible locally, which can temper pricing power; however, calibrated rents and basic in-unit updates can improve retention and sustain occupancy. Operational focus — maintenance responsiveness, security, and resident services — should help mitigate competitive pressures and translate neighborhood-level demand into property-level stability.
- Renter-heavy neighborhood provides a deeper tenant base than many metro peers
- Commute access to multiple corporate HQs supports leasing and retention
- 3-mile growth outlook points to gradual renter pool expansion
- Risks: softer neighborhood occupancy and ownership competition require disciplined pricing and operations