| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 51st | Good |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 649 W Dalton Rd, King, NC, 27021, US |
| Region / Metro | King |
| Year of Construction | 2000 |
| Units | 53 |
| Transaction Date | 2021-06-24 |
| Transaction Price | $410,000 |
| Buyer | EKB ACQUISITIONS LIMITED PARTNERSHIP |
| Seller | VILLA TRACE SENIOR HOUSING LP |
649 W Dalton Rd, King NC 53-Unit Multifamily
Positioned in a rural pocket of the Winston-Salem metro, this 53-unit asset offers newer construction relative to local stock and exposure to a renter base supported by a high-cost ownership market, according to WDSuite s commercial real estate analysis.
Livability trends reflect a rural setting with limited retail and lifestyle density, but daily needs access is present at a modest level. Neighborhood schools average around the top quartile among 216 Winston-Salem metro neighborhoods, which can aid family retention and leasing stability.
The property s 2000 vintage is newer than the neighborhood s average construction year (1974), implying relative competitiveness versus older local inventory. Investors should still plan for age-related systems updates and light modernization to maintain positioning against renovated comparables.
Within a 3-mile radius, demographics point to a smaller household size over time and a shift toward more households even as population edges down. This mix generally expands the potential tenant base for smaller formats and supports occupancy stability, particularly where rents remain manageable; neighborhood contract rents sit at lower levels locally and have risen over the past five years. As part of multifamily property research, WDSuite s CRE data also indicates a renter-occupied share near one-third in the 3-mile radius, signaling an established tenant pool.
Ownership costs are elevated relative to incomes (high value-to-income ratio, top national percentile), reinforcing reliance on rental housing and supporting pricing power when paired with careful lease management. Conversely, the neighborhood s occupancy runs below metro norms, so operators should emphasize marketing, turn efficiency, and renewal execution to mitigate vacancy drag.
Safety indicators are mixed. Within the Winston-Salem metro s 216 neighborhoods, this area compares less favorably on overall crime. Nationally, however, violent offense rates benchmark in a strong position (high national percentile) and property offense rates are also comparatively favorable, according to WDSuite s CRE market data.
Recent trends diverge: violent offenses have improved year over year, while property offenses increased and merit monitoring. For investors, prudent on-site lighting, access control, and coordination with local law enforcement can help sustain leasing and retention performance.
- Hanesbrands corporate offices (9.2 miles) HQ
- Reynolds American corporate offices (14.9 miles) HQ
- BB&T Corp. corporate offices (15.1 miles) HQ
- VF corporate offices (34.1 miles) HQ
Built in 2000, 649 W Dalton Rd offers a newer-vintage profile versus older neighborhood stock, providing a competitive edge for rent-ready operations while leaving room for targeted upgrades. Renter demand is underpinned by elevated ownership costs relative to incomes and a stable renter concentration within a 3-mile radius, supporting a durable tenant base and measured pricing power.
Operators should account for below-metro neighborhood occupancy and manage affordability pressure via thoughtful renewals and unit turns. According to CRE market data from WDSuite, local rents have increased over five years from low absolute levels, suggesting continued appeal for value-oriented workforce renters when paired with sound operations.
- Newer 2000 vintage versus local average, aiding competitive positioning
- Elevated ownership costs support reliance on rentals and depth of tenant base
- Rents trending up from low levels, reinforcing value-driven demand
- Risk: neighborhood occupancy below metro norms prioritize leasing, renewals, and turn efficiency