| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 64th | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8000 Woodscape Dr, Charlotte, NC, 28212, US |
| Region / Metro | Charlotte |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | 2023-12-21 |
| Transaction Price | $30,888,000 |
| Buyer | 8061 WOODSCAPE DRIVE LLC |
| Seller | LAKESIDE PROPERTY HOLDINGS LLC |
8000 Woodscape Dr Charlotte Multifamily Investment Thesis
Neighborhood occupancy trends sit in the upper tier nationally, supporting stable cash flow potential, according to WDSuite’s CRE market data. A high share of renter-occupied housing indicates depth in the local tenant base for small multifamily assets.
This Inner Suburb location in Charlotte balances everyday convenience with renter demand fundamentals. Grocery access is competitive among Charlotte neighborhoods (ranked 45 out of 709 metro neighborhoods), while cafes, restaurants, parks, and pharmacies are limited within the immediate area, which may shift some lifestyle spend to nearby corridors.
Neighborhood occupancy is strong (top decile nationally), and housing performance is competitive among Charlotte sub-areas (housing rank 179 out of 709). The area’s renter-occupied share is elevated, indicating a sizable pool of multifamily demand that can support leasing stability and renewals over time.
Within a 3-mile radius, demographics show a modest dip in recent population alongside a slight increase in household count, pointing to smaller household sizes and continued rental demand. Looking ahead, projections indicate growth in households through 2028, which supports a larger tenant base and occupancy stability for multifamily.
Home values sit near the national midpoint but are relatively high versus local incomes, and the neighborhood’s value-to-income ratio places it in a stronger national percentile. In practice, this high-cost ownership market context tends to reinforce reliance on rental options, aiding tenant retention and giving owners some pricing power where rent-to-income levels remain manageable.
Safety indicators are mixed. The neighborhood sits below the national median on safety (crime national percentile around the 37th) and below the metro average (crime rank 401 out of 709 metro neighborhoods). Investors should underwrite prudent security and operational practices.
That said, property-related incidents show meaningful year-over-year improvement (top quartile nationally for reduction), suggesting recent momentum in the right direction. Use comparative and trend benchmarking against similar Charlotte sub-areas to calibrate risk and operating costs.
Proximity to headquarters and major corporate offices supports renter demand via short commutes and diversified employment, notably across automotive retail, steel, financial services, utilities, and technology — specifically Sonic Automotive, Nucor, Bank of America, Duke Energy, and Cisco.
- Sonic Automotive — automotive retail HQ (2.9 miles) — HQ
- Nucor — steel HQ (4.9 miles) — HQ
- Bank of America Corp. — financial services HQ (6.9 miles) — HQ
- Duke Energy — utilities HQ (7.0 miles) — HQ
- Cisco Systems — technology offices (7.1 miles)
For a 20-unit asset at 8000 Woodscape Dr, the investment case centers on durable renter demand, solid neighborhood occupancy (top decile nationally), and proximity to diversified employment hubs. The area’s elevated renter concentration suggests a deep tenant base, while ownership costs versus incomes point to sustained reliance on apartments. Based on commercial real estate analysis from WDSuite, current rent levels are mid-market for Charlotte and supported by household growth projections within 3 miles through 2028.
Operationally, grocery convenience is a plus, though limited nearby cafes, restaurants, and parks may temper lifestyle appeal and require targeted amenity strategies to aid retention. Safety metrics trail the national average but have improved on property-related incidents, which should be reflected in underwriting via security, lighting, and resident engagement initiatives.
- Strong neighborhood occupancy supports cash flow durability
- Elevated renter-occupied housing share indicates depth of tenant demand
- Household growth within 3 miles expands the renter pool through 2028
- Grocery access is competitive locally; consider on-site amenities to offset limited nearby lifestyle options
- Risk: Safety indicators are below national averages; budget for security and operating controls