| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 77th | Best |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1210 Orchard Lake Dr, Charlotte, NC, 28270, US |
| Region / Metro | Charlotte |
| Year of Construction | 2012 |
| Units | 34 |
| Transaction Date | 2007-12-27 |
| Transaction Price | $249,000 |
| Buyer | DST BR GREYLYN |
| Seller | GOLDEN TRIANGLE 1 LLC |
1210 Orchard Lake Dr Charlotte 2012 Suburban Multifamily
Positioned in a high-performing suburban pocket of Charlotte with steady renter demand and strong household incomes, according to WDSuite’s CRE market data. Neighborhood fundamentals suggest durable leasing supported by nearby employers and a high-cost ownership market.
The property sits in a suburban Charlotte neighborhood rated A and ranked 42 out of 709 in the metro, placing it in the top quartile among Charlotte neighborhoods. Relative strength is supported by amenity access, with grocery, restaurants, and cafes testing well above national norms, while park access is limited within the immediate area. For investors, this mix points to convenience-driven appeal that supports retention, with some trade-off on greenspace.
Construction trends skew newer versus the metro average (2012 asset versus an area average of 1989), which helps competitive positioning against older stock. Median contract rents in the neighborhood track above national medians, yet the rent-to-income profile indicates manageable affordability pressure, a constructive setup for lease stability rather than outsized turnover.
Demographic statistics are aggregated within a 3-mile radius: the renter-occupied share is about 42%, indicating a deep tenant base for multifamily. Forecasts point to an increase in households over the next five years despite relatively stable population counts, implying smaller household sizes and a larger renter pool, which can support occupancy and pricing discipline. Educational attainment is notably high (upper national percentiles), reinforcing prospects for professional renter demand.
Operationally, neighborhood occupancy has hovered around the national middle in recent years but remains slightly above national benchmarks, per WDSuite’s commercial real estate analysis. Together with elevated home values locally (upper-national-percentile ownership costs), the neighborhood context tends to reinforce reliance on multifamily rentals, aiding lease retention and absorption for well-managed assets.
Safety indicators are mixed. Within the Charlotte metro, the neighborhood’s crime rank is 349 out of 709, roughly around the metro median. Nationally, safety percentiles indicate the area is below the U.S. median on both violent and property crime. Investors should underwrite with prudent security and operational considerations, particularly for parking and common areas.
Trend direction is constructive: violent offense estimates declined by roughly 30% year over year and sit in a stronger improvement percentile nationally, according to WDSuite. While this positive trend does not eliminate risk, it suggests recent momentum that owners can support with lighting, access control, and community engagement to help sustain leasing stability.
Nearby anchor employers provide a diverse white-collar employment base that supports renter demand and commute convenience, including Sonic Automotive, Nucor, Bank of America, Cisco Systems, and Duke Energy.
- Sonic Automotive — automotive retail (3.8 miles) — HQ
- Nucor — steel (5.3 miles) — HQ
- Bank of America Corp. — banking (8.0 miles) — HQ
- Cisco Systems — networking (8.0 miles)
- Duke Energy — utilities (8.1 miles) — HQ
1210 Orchard Lake Dr offers a 2012-vintage, 34-unit asset in a top-quartile Charlotte neighborhood, balancing strong amenity access with suburban stability. Newer construction relative to the area’s 1989 average supports competitive positioning, while elevated ownership costs and a substantial renter-occupied footprint within a 3-mile radius reinforce multifamily demand and retention. Household growth is projected to outpace population growth, expanding the tenant base and supporting occupancy resilience. According to CRE market data from WDSuite, neighborhood occupancy trends are near the metro middle but slightly above national benchmarks, suggesting steady, not speculative, cash flow potential.
From an underwriting standpoint, investors can lean on diversified nearby employment and upper-percentile incomes to support rent roll durability. Mid-life systems typical of a 2012 asset should be evaluated for targeted capital planning, but the vintage suggests limited near-term structural exposure relative to older comparables. Safety metrics trail national medians, though recent year-over-year improvement in violent offense is a constructive signal to pair with practical property-level measures.
- Newer 2012 construction versus local 1989 average enhances competitive positioning
- Top-quartile neighborhood in Charlotte with strong amenity access and professional renter appeal
- 3-mile household growth and elevated incomes support a larger renter pool and pricing discipline
- Proximity to major employers underpins demand and leasing stability
- Risks: safety metrics below national medians and limited park access; underwrite for security and amenities