| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 43rd | Fair |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Kingsford Dr, Charlotte, NC, 28217, US |
| Region / Metro | Charlotte |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2014-03-27 |
| Transaction Price | $6,140,000 |
| Buyer | CHARLOTTE HOLDINGS 196 LLC |
| Seller | 220 BRANCHVIEW LLC |
100 Kingsford Dr Charlotte Multifamily — Stable Renter Demand
Neighborhood occupancy is elevated and renter demand is deep, according to WDSuite’s CRE market data, supporting income stability for well-managed assets in this inner-suburban location.
Located in Charlotte’s inner suburbs (A- neighborhood rating), the area surrounding 100 Kingsford Dr is competitive among 709 Charlotte metro neighborhoods. Grocery access stands out near the top of the metro (ranked 13th of 709; high national percentile), with solid density of restaurants and cafes. Immediate park and pharmacy options are limited, so residents typically rely on nearby districts for recreation and services.
Multifamily fundamentals are a core strength. Neighborhood occupancy is 96.9% (above national norms), and the renter-occupied share of housing is 70.3%, indicating a large tenant base that supports leasing velocity and renewal depth. Median contract rents benchmark competitively within Charlotte and sit above national mid-range levels, helping operators maintain pricing power while staying relevant to local demand.
Within a 3-mile radius, demographics show population and household growth over recent years, with projections calling for further increases in both population and households over the next five years. This points to a larger tenant base and continued multifamily absorption potential. Income trends within this radius have risen meaningfully, and rent levels relative to incomes suggest manageable affordability pressure, which can aid lease retention.
Home values in the neighborhood are elevated versus national benchmarks, and the value-to-income ratio ranks high nationally. In practice, this high-cost ownership landscape tends to sustain rental demand and supports occupancy stability, particularly for well-located workforce housing near employment corridors.
Safety indicators are mixed and warrant ongoing monitoring. The neighborhood’s overall crime rank sits in the lower tier within the Charlotte metro (533rd of 709), and national percentiles indicate below-average safety compared with neighborhoods nationwide. However, WDSuite data also shows recent improvement trends, with estimated year-over-year declines in both violent (-9.5%) and property (-7.9%) offenses. Investors should calibrate underwriting and security measures to current conditions while noting the recent directional improvement.
Proximity to major employers supports workforce housing demand and commute convenience. Nearby corporate offices include Airgas, Nucor, AmerisourceBergen Healthcare Consultants, Cisco Systems, and Sonic Automotive, providing a diversified employment base that can bolster leasing and retention.
- Airgas — industrial gases (2.2 miles)
- Nucor — steel manufacturing (3.6 miles) — HQ
- AmerisourceBergen Healthcare Consultants — pharma distribution services (4.7 miles)
- Cisco Systems — networking & technology (5.4 miles)
- Sonic Automotive — auto retail (6.0 miles) — HQ
The investment case centers on durable renter demand and strong occupancy within an inner-suburban location that balances access to daily needs with proximity to major employers. Neighborhood occupancy of 96.9% and a renter-occupied share around seven in ten housing units indicate a deep tenant pool, while elevated home values and a high value-to-income ratio reinforce reliance on multifamily housing. According to CRE market data from WDSuite, area rents benchmark competitively within the metro, supporting steady collections and pricing discipline for well-run assets.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to ongoing renter pool expansion. Manageable rent-to-income dynamics in the area help support retention strategies, while adjacency to diversified employers underpins leasing velocity across economic cycles. Risks include below-average safety metrics at the neighborhood level and limited immediate park/pharmacy access, both of which should be reflected in operations, security planning, and amenity strategy.
- Elevated neighborhood occupancy and deep renter-occupied housing share support income durability
- High-cost ownership landscape sustains multifamily demand and pricing power
- 3-mile radius shows past and projected growth in population and households, expanding the tenant base
- Employer proximity across industrial gases, steel, pharma distribution, tech, and auto retail supports leasing
- Risk: below-average safety metrics and limited nearby parks/pharmacies require thoughtful operations and underwriting