| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 78th | Best |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12909 Ballantyne Corporate Pl, Charlotte, NC, 28277, US |
| Region / Metro | Charlotte |
| Year of Construction | 1997 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12909 Ballantyne Corporate Pl Charlotte Multifamily Investment
Neighborhood-level fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with this inner-suburban Charlotte location benefiting from strong incomes and proximity to major employers.
Located in Charlotte’s Ballantyne area, the neighborhood carries an A rating and ranks 50 out of 709 metro neighborhoods, signaling performance that is competitive among Charlotte neighborhoods for investors screening stabilized submarkets. Neighborhood occupancy is 97.2% (neighborhood metric, not property-specific) and ranks 120 of 709, supporting the case for leasing stability rather than lease-up risk.
Daily-needs access is a relative strength: grocery and pharmacy densities track above national medians, while restaurants are present though not concentrated. Parks, cafes, and childcare options are sparse within the immediate neighborhood footprint, so residents may rely on the broader Ballantyne and South Charlotte amenity set for recreation and third spaces—an operating consideration for marketing and retention.
The share of housing units that are renter-occupied is elevated for the metro (54% with a high national percentile), indicating a deeper tenant base and consistent demand for multifamily. Median contract rents in the neighborhood sit in a high national percentile, but the rent-to-income ratio is closer to the national middle, suggesting manageable affordability pressure that can aid lease retention and reduce turnover.
Within a 3-mile radius, household counts have increased even as recent population totals edged down, pointing to smaller average household sizes. Forward-looking data indicate population growth and a notable increase in households by 2028, which supports renter pool expansion and occupancy stability. Elevated home values and a high value-to-income ratio characterize a high-cost ownership market; in practice, this tends to reinforce reliance on multifamily rentals and can sustain pricing power when paired with strong incomes.
Safety indicators are mixed. Compared with neighborhoods nationwide, overall crime benchmarks place the area below the national median for safety, and within the Charlotte metro it ranks 513 out of 709 neighborhoods, indicating weaker relative performance versus many local peers. Year-over-year trends show an uptick in estimated property offenses and an increase in violent offense estimates, so conservative underwriting should assume steady security and lighting protocols along with resident communication.
For investors, the takeaway is to budget for routine safety measures typical of urban-suburban nodes and to monitor local trendlines rather than relying on block-level assumptions. Positioning and resident engagement can help mitigate perception risk while leveraging the submarket’s employment and income strengths.
The Ballantyne/South Charlotte employment base features nearby corporate offices that underpin commuter demand and support resident retention. The employers below represent close-in drivers of white-collar jobs relevant to this neighborhood.
- Nucor — steel manufacturing HQ (7.3 miles) — HQ
- Airgas — industrial gases & distribution (8.2 miles)
- Sonic Automotive — auto retail & services (8.9 miles) — HQ
- Cisco Systems — networking & technology offices (10.8 miles)
- AmerisourceBergen Healthcare Consultants — healthcare services offices (11.0 miles)
This 1997-vintage asset sits in an inner-suburban Charlotte neighborhood with high renter concentration and occupancy levels that are competitive among 709 metro neighborhoods. Elevated neighborhood incomes and a mid-range rent-to-income ratio point to solid leasing fundamentals and potential for steady retention. High home values and ownership costs bolster reliance on multifamily, while proximity to major corporate offices strengthens weekday traffic and supports a stable tenant base.
According to CRE market data from WDSuite, neighborhood occupancy trends are strong and household growth within a 3-mile radius is projected to expand meaningfully by 2028, indicating a larger renter pool. Given the slight age relative to the local stock, the 1997 vintage may offer targeted value-add or systems modernization opportunities to enhance competitiveness against newer product.
- Competitive neighborhood occupancy and strong renter-occupied share support stable demand
- High-income profile with mid-range rent-to-income ratio aids retention and pricing power
- Proximity to major employers in Ballantyne/South Charlotte supports leasing and renewal velocity
- 1997 vintage provides a platform for targeted value-add and modernization
- Risks: mixed safety metrics and limited immediate parks/cafes imply ongoing property-level security and amenity programming