| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 8th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 810 Mock St, Winston Salem, NC, 27127, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2006 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
810 Mock St, Winston-Salem NC Multifamily Investment
Stabilized renter demand in an inner-suburban location with strong daily-needs access and a high renter concentration supports leasing durability, according to WDSuite s CRE market data.
Located in Winston-Salem s inner suburbs, the property benefits from daily-needs density and commuter convenience. Cafes, groceries, and restaurants rank competitive among 216 metro neighborhoods (each near the top of the local distribution), and these categories sit in the top quartile nationally, reinforcing resident convenience and lease appeal. Parks access also performs in the top quartile nationwide, adding livability for long-term tenants. Limited nearby childcare and pharmacy options are trade-offs investors should factor into resident services and marketing.
Neighborhood renter-occupied share is high (above metro norms), indicating a deep tenant base for multifamily. By contrast, neighborhood occupancy sits below the metro median, suggesting some leasing variability across the area; positioning, management, and property quality can differentiate performance. Median home values in the neighborhood are lower relative to many markets, which can introduce some competition from entry-level ownership, but the high renter concentration continues to underpin multifamily demand and renewal potential.
Within a 3-mile radius, WDSuite data shows recent population and household growth with projections for additional household increases and smaller average household sizes over the next five years. This points to a larger renter pool and supports occupancy stability for well-managed assets. Neighborhood averages reflect modest income levels, so rent setting and retention strategies should balance affordability pressure with revenue management a practical lens for commercial real estate analysis.
Vintage context matters: the neighborhood s average construction year skews older, while this property s 2006 delivery provides a relative edge versus legacy stock. Newer building systems and layouts can reduce near-term capital needs and support competitive positioning, though investors should still plan for targeted modernization as the asset approaches two decades in service.
Safety indicators for the neighborhood track below national averages, with metro ranks signaling more reported incidents than many Winston-Salem peers. However, WDSuite s data shows year-over-year declines in both violent and property offense rates, indicating improving momentum. Relative positioning is not top quartile among the 216 metro neighborhoods, but the recent downward trend is a constructive signal for investor underwriting and resident retention planning.
Given variability block to block, investors typically focus on property-level controls and lighting, partnerships with local patrols, and resident engagement. Comparative framing against the broader region and ongoing monitoring remains prudent when setting leasing assumptions and insurance reserves.
The area s employment base includes financial services, consumer goods, and diagnostics headquarters that broaden the renter demand profile and support commute-friendly housing. Nearby anchors include BB&T Corp., Reynolds American, Hanesbrands, VF, and Laboratory Corp. of America.
- BB&T Corp. banking (1.3 miles) HQ
- Reynolds American tobacco manufacturing & corporate (1.5 miles) HQ
- Hanesbrands apparel corporate (7.79 miles) HQ
- VF apparel & lifestyle brands corporate (24.47 miles) HQ
- Laboratory Corp. of America diagnostics & lab services (44.56 miles) HQ
Built in 2006, this 36-unit asset offers a relative age advantage versus an older neighborhood stock, supporting competitive positioning and moderated near-term capital planning. Daily-needs access is strong by metro standards and lands in the top quartile nationally for cafes, groceries, restaurants, and parks factors that help leasing velocity and renewal capture. High renter concentration in the neighborhood points to depth of tenant demand, while a below-median neighborhood occupancy underscores the importance of hands-on management and targeted upgrades.
Within a 3-mile radius, population and household counts have grown with forecasts for further household expansion and smaller household sizes, indicating a larger renter pool and support for occupancy stability. According to CRE market data from WDSuite, local rent levels remain manageable relative to incomes, which can aid retention, though investors should calibrate revenue strategies to neighborhood income mix and potential competition from entry-level ownership.
- 2006 vintage offers a competitive edge over older local stock with manageable near-term capex.
- Strong daily-needs access (top-quartile national positioning for food, grocery, and parks) supports leasing.
- High neighborhood renter concentration indicates depth of tenant demand for multifamily.
- 3-mile radius shows household growth and smaller sizes, expanding the renter pool and aiding occupancy stability.
- Risks: neighborhood occupancy below metro median and safety below national averages; performance depends on execution and marketing.