| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 49th | Fair |
| Amenities | 21st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1002 Sharview Cir, Charlotte, NC, 28217, US |
| Region / Metro | Charlotte |
| Year of Construction | 1996 |
| Units | 20 |
| Transaction Date | 2015-01-30 |
| Transaction Price | $35,200,000 |
| Buyer | FREE THROW NC PARTNERS LLC |
| Seller | MP THE POINTE LLC |
1002 Sharview Cir Charlotte Multifamily Investment
Neighborhood occupancy sits above the Charlotte metro median with a solid renter base, supporting near-term leasing stability according to WDSuite s CRE market data.
Located in Charlotte s inner suburbs, the property benefits from a renter-occupied share of housing units near 59% at the neighborhood level, indicating depth in the tenant base and stable multifamily demand. Neighborhood occupancy is above the metro median (ranked 313 of 709 Charlotte-area neighborhoods), suggesting competitive leasing fundamentals versus many nearby submarkets.
Daily needs are reasonably served by grocery access that performs in the upper tier nationally (approximately 79th percentile), while the immediate area shows thinner density of cafes, parks, and pharmacies. For investors, this mix points to practical livability but fewer lifestyle amenities within walking distance, implying demand may be driven more by access and value than by retail adjacency.
At the neighborhood level, median contract rents track in the top quartile among 709 metro neighborhoods and above national medians, which supports pricing power but warrants attention to retention as rent-to-income runs higher than many U.S. neighborhoods. Home values indicate a moderately priced ownership landscape relative to incomes; paired with the neighborhood s renter concentration, that context helps sustain reliance on multifamily housing while leaving some competition from entry-level ownership.
Within a 3-mile radius, recent population growth and an increase in households point to a larger tenant base today, with projections calling for further household gains over the next five years. This expansion, alongside a younger working-age mix, supports multifamily leasing and renewals rather than solely new household formation, reinforcing occupancy stability in the submarket based on commercial real estate analysis from WDSuite.
Construction in the neighborhood skews older than this asset s 1996 vintage. Being newer than the local average (1986) provides a relative edge versus legacy stock, while still leaving room for targeted modernization that can support rent differentiation.
Safety indicators for the neighborhood track below national medians. The area ranks 523 out of 709 Charlotte-area neighborhoods on overall crime, and its national safety percentiles are lower (violent and property offenses sit in the lower deciles compared with U.S. neighborhoods). That said, year-over-year trends show modest improvement, with estimated property and violent offense rates declining compared with the prior year, according to WDSuite s CRE market data.
For underwriting, this profile argues for prudent assumptions on security, lighting, and tenant screening, while noting that the recent directional improvement and the asset s suburban context can help support leasing if appropriately managed. Use neighborhood-level comparisons rather than block-level conclusions when assessing risk.
Nearby corporate offices and headquarters provide a diversified employment base that supports commuter demand and leasing stability. The employers listed below are within a short drive of the property.
- Airgas industrial gases (1.0 miles)
- AmerisourceBergen Healthcare Consultants healthcare distribution consulting (2.9 miles)
- Nucor steel (3.8 miles) HQ
- Cisco Systems networking & technology (4.1 miles)
- Duke Energy electric utility (5.2 miles) HQ
This 1996-vintage, 20-unit asset sits in a renter-leaning neighborhood where occupancy trends above the metro median and contract rents rank in the top quartile locally. Being newer than the neighborhood s average stock supports competitive positioning versus older assets, while selective modernization can unlock value-add upside and bolster renewals.
Within a 3-mile radius, population and household growth point to ongoing renter pool expansion, reinforcing demand depth for multifamily. According to CRE market data from WDSuite, neighborhood operating and occupancy metrics are competitive among many Charlotte locations, though higher rent-to-income levels and thinner nearby amenity density suggest prudent attention to retention and leasing strategies.
- Above-median neighborhood occupancy and solid renter concentration support near-term leasing stability.
- 1996 vintage is newer than area norms, with potential upside from targeted renovations and common-area upgrades.
- 3-mile population and household growth expand the tenant base, aiding absorption and renewals.
- Rents in the metro s top quartile indicate pricing power relative to nearby neighborhoods.
- Risks: higher rent-to-income ratios, limited immediate amenity density, and below-median safety call for proactive retention and property management.