| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 47th | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8008 Whitehall Executive Center Dr, Charlotte, NC, 28273, US |
| Region / Metro | Charlotte |
| Year of Construction | 2012 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8008 Whitehall Executive Center Dr Charlotte Multifamily Investment
Neighborhood multifamily occupancy has held in the upper range locally, supporting stable leasing dynamics for investors, according to WDSuite’s CRE market data. These are neighborhood-level indicators, pointing to durable renter demand rather than property-specific performance.
Located in Charlotte’s inner suburbs, the area surrounding 8008 Whitehall Executive Center Dr shows investor-friendly fundamentals with neighborhood occupancy in the top quintile nationally and above the metro median among 709 local neighborhoods. This suggests a steady leasing backdrop and lower downtime risk at the neighborhood level.
Amenity access is a relative strength: cafes and groceries rank in the upper percentiles nationally, with restaurants and pharmacies also above average. Park access is limited, which may slightly temper lifestyle appeal, but the daily-needs mix supports resident convenience and retention.
Tenure patterns indicate a deep renter base: roughly a majority of housing units in the neighborhood are renter-occupied, reinforcing multifamily demand depth for workforce and young professional households. Median neighborhood rents benchmark above the national median, while the rent-to-income ratio sits below national norms, which can support lease retention and measured pricing power with careful revenue management.
Within a 3-mile radius, demographics point to a larger tenant base over time: the population and household counts have expanded meaningfully over the last five years, and forecasts call for continued population growth with a notable increase in households alongside modestly smaller average household sizes. For investors, that combination typically supports absorption and occupancy stability for a range of unit mixes.
Vintage positioning: constructed in 2012, the property is newer than the neighborhood’s average construction year (2003). This typically enhances competitive standing versus older stock while still warranting planning for mid-life system updates and selective common-area or amenity refreshes over a multi-year hold.
Safety indicators at the neighborhood level trend below the national median, with violent and property offense metrics positioned in lower national percentiles compared to U.S. neighborhoods overall. This places the area below metro average in comparative safety terms among 709 Charlotte-area neighborhoods.
For underwriting, investors often account for proactive measures such as lighting, access control, and partnerships with local security resources to support resident experience and retention. Track trend direction as part of routine risk monitoring rather than relying on a single year of data.
Proximity to major employers underpins commuter convenience and supports renter demand, including Airgas, AmerisourceBergen Healthcare Consultants, Nucor, Cisco Systems, and Duke Energy.
- Airgas — corporate offices (3.3 miles)
- AmerisourceBergen Healthcare Consultants — corporate offices (3.7 miles)
- Nucor — corporate offices (5.9 miles) — HQ
- Cisco Systems — corporate offices (6.1 miles)
- Duke Energy — corporate offices (7.2 miles) — HQ
This 2012-vintage, 33-unit asset benefits from neighborhood fundamentals that favor consistent tenancy: occupancy is strong relative to both the metro and national benchmarks, and a renter-occupied housing share above 50% indicates a broad tenant pool. Within a 3-mile radius, population and households have expanded and are projected to continue growing, supporting absorption and lease-up stability. According to CRE market data from WDSuite, neighborhood rents sit above national norms while rent-to-income ratios remain comparatively moderate, reinforcing retention with room for disciplined revenue management.
The property’s newer vintage provides a competitive edge against older stock while allowing for targeted value creation through common-area upgrades and amenity enhancements over the hold period. Key risks to underwrite include below-median safety indicators at the neighborhood level and limited park access, which may require ongoing investment in on-site experience and security practices.
- Strong neighborhood occupancy and deep renter base support stable leasing
- 3-mile population and household growth expand the tenant pool and reinforce absorption
- 2012 construction offers competitive positioning with selective value-add potential
- Rents above national norms with moderate rent-to-income support retention and pricing discipline
- Risks: below-median safety metrics and limited park access warrant security and on-site amenity focus