| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 S Scales St, Reidsville, NC, 27320, US |
| Region / Metro | Reidsville |
| Year of Construction | 1978 |
| Units | 51 |
| Transaction Date | 2010-07-26 |
| Transaction Price | $1,441,500 |
| Buyer | WOODBRIDGE HOI LIMITED PARTNERSHIP |
| Seller | REIDSVILLE HOUSING ASSOCIATES |
2101 S Scales St Reidsville Multifamily Investment
Elevated neighborhood renter concentration points to a deeper tenant base and steady leasing potential, according to CRE market data from WDSuite.
Reidsville s suburban setting offers day-to-day essentials with select conveniences nearby. Pharmacy access ranks competitively (32 out of 245 metro neighborhoods), translating to reliable everyday services, while grocery availability is also competitive (70 out of 245). Caf e9s and parks are limited, so on-site community features may play a larger role in resident appeal and retention.
The neighborhood sits above the metro median overall (115 of 245), with a renter-occupied share that is in the top quartile metro-wide (rank 53 of 245) and strong nationally, supporting multifamily demand depth. Neighborhood occupancy trends are below the metro median (rank 201 of 245), suggesting leasing strategy and asset quality will be important to maintain stabilization.
Construction is slightly newer than the neighborhood average (property built 1978 vs. local average 1974), which can offer a modest competitive edge over older stock. However, systems are still aging; investors should plan for targeted renovations and capital projects that improve durability and operating efficiency.
Within a 3-mile radius, recent population and household growth, alongside a forecasted increase in households through 2028, indicate a larger tenant base over time and support for occupancy stability. Median home values are lower relative to national norms, which may introduce some competition from ownership options; at the same time, a moderate rent-to-income profile can aid lease retention while limiting immediate pricing power.
Safety conditions are mixed when viewed against broader benchmarks. The neighborhood s crime rank sits near the metro middle (110 out of 245), and its national standing is around the lower half (44th percentile nationwide), indicating safety that is not a differentiator but can be managed with standard property-level measures.
Investors should underwrite with prudent assumptions, emphasize lighting, access control, and resident engagement, and monitor local trend data to align operating practices with evolving conditions.
Regional headquarters and corporate offices within commuting range support a stable employment base for workforce renters, including VF, Laboratory Corp. of America, Hanesbrands, Reynolds American, and BB&T Corp.
- VF 4 apparel & footwear HQ offices (16.3 miles) 4 HQ
- Laboratory Corp. of America 4 diagnostics & lab services (20.7 miles) 4 HQ
- Hanesbrands 4 consumer apparel (34.8 miles) 4 HQ
- Reynolds American 4 consumer products offices (36.1 miles) 4 HQ
- BB&T Corp. 4 financial services (36.2 miles) 4 HQ
2101 S Scales St is a 51-unit, 1978-vintage asset positioned in a suburban Reidsville location with a renter base that skews higher than many metro peers. Based on CRE market data from WDSuite, the neighborhood s renter-occupied share is strong, while overall occupancy trends trail metro medians a setup that rewards focused operations and targeted value-add to drive stabilization. Lower home values in the area can create some competition with ownership, but they also sustain demand for well-run, more accessible rental options.
Demographics aggregated within a 3-mile radius point to recent population and household growth with additional growth projected, expanding the tenant pool over time. The vintage is slightly newer than the local average, yet still calls for continued capital planning to modernize interiors, improve energy efficiency, and enhance durability all levers that can support occupancy stability and help maintain pricing power.
- Renter concentration supports demand depth relative to metro peers
- 1978 vintage offers value-add potential through selective renovations
- 3-mile population and household growth expand the tenant base and support leasing
- Risk: neighborhood occupancy trails metro medians; performance depends on execution and asset quality