| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 25th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5929 Regal Estate Ln, Charlotte, NC, 28212, US |
| Region / Metro | Charlotte |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2007-07-11 |
| Transaction Price | $15,750,000 |
| Buyer | OREI AVALON PROPERTY OWNER LLC |
| Seller | 6000 REGAL ESTATE LANE LP |
5929 Regal Estate Ln Charlotte Multifamily Opportunity
Neighborhood renter-occupied share is high and occupancy sits near the metro middle, suggesting a broad tenant base with some leasing management needs, according to WDSuite s CRE market data from ongoing commercial real estate analysis.
Located in Charlotte s inner suburbs, the surrounding neighborhood rates B- and is competitive among Charlotte-Concord-Gastonia neighborhoods for day-to-day access: restaurants are dense (around the 90th percentile nationally), with grocery and pharmacy availability above the metro median. Parks, cafes, and childcare are thinner nearby, so resident convenience skews toward essentials rather than lifestyle amenities.
The area s housing stock skews older (average vintage 1976), while this asset s 2002 construction provides a newer alternative to much of the local inventory a potential edge in maintenance profile and curb appeal versus legacy properties, while still planning for mid-life system updates as needed.
Renter-occupied housing represents a large share of neighborhood units (top quartile nationally), which supports depth of demand for multifamily and tends to aid leasing velocity. Neighborhood occupancy is near the metro median, and five-year softening indicates the importance of active leasing and renewals to sustain performance.
Within a 3-mile radius, recent demographics show modest population growth alongside a larger increase in households and a projected decline in average household size over the next five years. That pattern points to a gradually expanding renter pool and supports occupancy stability and unit absorption. Median home values remain elevated for local incomes (value-to-income ratio sits in a high national percentile), which reinforces reliance on multifamily; meanwhile, rents have advanced over five years, so operators should monitor rent-to-income to balance pricing power with retention. Insights are based on CRE market data from WDSuite.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety (crime measures fall into lower national percentiles), and within the Charlotte-Concord-Gastonia metro it ranks around the middle of the 709 tracked neighborhoods. Recent trend data shows year-over-year declines in both property and violent offenses, indicating improvement momentum even if current levels still warrant routine security and lighting best practices. All figures reflect neighborhood conditions, not the property itself, and are drawn from WDSuite s CRE dataset.
Proximity to several corporate headquarters and major offices supports a broad commuter tenant base and can aid retention through commute convenience. Key nearby employers include Sonic Automotive, Bank of America, Duke Energy, Nucor, and Cisco Systems.
- Sonic Automotive corporate offices (3.7 miles) HQ
- Bank of America Corp. corporate offices (5.7 miles) HQ
- Duke Energy corporate offices (6.0 miles) HQ
- Nucor corporate offices (6.1 miles) HQ
- Cisco Systems corporate offices (6.5 miles)
Built in 2002 and totaling 24 units, this small-scale asset offers newer-vintage positioning relative to an area where much of the stock averages from the 1970s. The neighborhood shows a high renter concentration and household growth within a 3-mile radius, supporting depth of demand and leasing velocity. Ownership remains comparatively high-cost for local incomes, which tends to sustain reliance on rentals and can bolster pricing power, while the neighborhood s near-median occupancy and recent softening argue for attentive renewals and marketing. According to CRE market data from WDSuite, essentials access is solid (groceries, pharmacies) with strong restaurant density, balancing convenience with room for value-add amenity activation on site.
Key considerations include maintaining affordability relative to renter incomes as rents have risen, and managing security best practices as neighborhood safety indicators, while improving, sit below national medians. Overall, the fundamentals suggest steady demand drivers with operational execution as the lever for outperformance.
- Newer 2002 vintage versus older neighborhood stock potential capex efficiency and competitiveness
- High renter-occupied share supports a broad tenant base and leasing stability
- Household growth within 3 miles suggests a gradually expanding renter pool and supports occupancy
- Elevated ownership costs relative to incomes reinforce rental demand and pricing power
- Risks occupancy has softened in recent years and safety sits below national medians, requiring attentive operations