| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 25th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5500 Farm Pond Ln, Charlotte, NC, 28212, US |
| Region / Metro | Charlotte |
| Year of Construction | 1979 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5500 Farm Pond Ln Charlotte Multifamily Value-Add Opportunity
High renter concentration in the neighborhood supports a deep tenant base, while occupancy trends appear broadly in line with metro norms, according to WDSuite’s CRE market data. Positioned in an inner-suburban location, the asset benefits from steady renter demand rather than peak-cycle pricing dynamics.
Located in an inner-suburban pocket of Charlotte, the neighborhood carries a B- rating and ranks around the metro median (390 out of 709). For investors, that positioning suggests balanced fundamentals without the pricing premiums often seen in top-quartile submarkets.
Daily-needs access is a relative strength: grocery and pharmacy density outperform many areas in the region, and restaurants per square mile are competitive nationally. In contrast, parks, cafes, and childcare options are thinner locally, which may modestly influence lifestyle appeal but tends to matter less for workforce-oriented leasing.
Within a 3-mile radius, households have grown in recent years and are projected to increase further, with average household size trending lower. This combination points to a larger tenant base over time and supports occupancy stability for multifamily. Renter-occupied share within this 3-mile area sits slightly above half of housing units, reinforcing depth of demand for apartments.
Home values in the neighborhood sit in a high-cost ownership context relative to local incomes (elevated value-to-income ratio), which generally sustains renter reliance on multifamily housing and can aid pricing power. At the same time, rent-to-income levels indicate some affordability pressure, suggesting asset performance will benefit from disciplined lease management and resident retention strategies.
Relative to neighborhoods nationwide, safety indicators are below national norms, though the area sits near the middle of the pack within the Charlotte metro (325 out of 709). Recent trend data shows year-over-year improvement in both violent and property offenses, which is a constructive signal to monitor rather than a resolved condition.
For investors, the takeaway is comparative context: safety is not a top-quartile strength today, but ongoing declines in estimated offense rates suggest improving momentum. Underwriting should consider current levels while tracking trend durability.
The property sits within commuting reach of several major corporate employers that support renter demand and retention, including Sonic Automotive, Bank of America, Nucor, Duke Energy, and Cisco Systems.
- Sonic Automotive — corporate offices (3.8 miles) — HQ
- Bank of America Corp. — corporate offices (6.0 miles) — HQ
- Nucor — corporate offices (6.3 miles) — HQ
- Duke Energy — corporate offices (6.3 miles) — HQ
- Cisco Systems — corporate offices (6.8 miles)
This 67-unit asset in Charlotte’s inner suburbs is leveraged by a renter-driven neighborhood and a deep employment base. Neighborhood occupancy trends are broadly consistent with metro norms, and within a 3-mile radius the outlook points to a larger tenant base over time as household counts rise and average household size moderates. According to CRE market data from WDSuite, ownership remains relatively expensive versus incomes locally, which tends to sustain multifamily demand and support rent durability.
Operationally, investors should balance these demand drivers with pragmatic underwriting around affordability pressure and safety context. Amenity coverage is strong for daily needs (grocery, pharmacy, restaurants), though limited parks and cafe density may temper lifestyle appeal. The net effect is a workforce-oriented thesis with steady demand, supported by proximity to major employers and reinforced by a favorable ownership-versus-renting dynamic.
- Renter-driven market with deep tenant base and stable occupancy dynamics
- Daily-needs amenity strength (grocery, pharmacy, restaurants) supports retention
- High-cost ownership context reinforces reliance on multifamily housing
- Commutable access to major employers underpins leasing demand
- Risks: below-national safety profile and affordability pressure require active lease management