| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 47th | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8009 Whitehall Executive Center Dr, Charlotte, NC, 28273, US |
| Region / Metro | Charlotte |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8009 Whitehall Executive Center Dr Charlotte Multifamily Investment
Neighborhood occupancy is strong at 96.8% (neighborhood metric), suggesting stable leasing conditions near key employment nodes, according to WDSuite’s CRE market data. Renter demand is reinforced by a majority renter-occupied housing mix, supporting depth of the tenant base.
Situated in Charlotte’s inner suburb, the area around 8009 Whitehall Executive Center Dr is competitive among Charlotte-Concord-Gastonia neighborhoods (rank 80 of 709) with an A neighborhood rating. Dining and daily-needs access are standouts: cafes and groceries score in the top quartile nationally, and restaurant density is similarly strong. This level of amenity concentration helps support renter retention and everyday convenience for residents.
From an operations lens, neighborhood occupancy runs at 96.8% (neighborhood measure, not the property), indicating limited vacant stock and support for lease stability. The neighborhood shows a renter-occupied share of 56.9%, signaling a deep local renter pool that can sustain multifamily demand through cycles.
Within a 3-mile radius, population and households have increased over the past five years and are projected to continue growing, pointing to a larger tenant base over the medium term. Household sizes are trending slightly smaller, which can favor absorption of professionally managed units, while rising median household incomes provide support for rent levels and renewal pricing strategies.
The property’s 2012 vintage is newer than the neighborhood’s average construction year of 2003. That relative youth can enhance competitive positioning against older stock and may defer certain capital items in the near term, though investors should still plan for systems lifecycle and modernization to meet current renter expectations.
On affordability, neighborhood rent-to-income of about 0.23 suggests manageable affordability pressure relative to many metros, aiding lease retention. Median home values in the area remain moderate in regional context, which can introduce some competition from ownership; however, elevated amenity access and commute convenience help sustain multifamily relevance.
Safety signals here are mixed and should be underwritten thoughtfully. The neighborhood ranks 544 out of 709 Charlotte-Concord-Gastonia neighborhoods for crime, which is below the metro median, and sits in a lower national safety percentile. Year-over-year estimates indicate a modest uptick in violent incidents and a larger increase in property-related incidents. For investors, this argues for active asset management: lighting, access control, and coordination with property management to support resident confidence.
As always, crime patterns vary by block and over time. Comparative benchmarking to nearby submarkets and recent trend checks can help calibrate expectations for marketing, security measures, and operating budgets.
Proximity to corporate offices underpins renter demand with commute-friendly access for a broad workforce. Notable nearby employers include industrial gases, healthcare distribution, steel, technology, and regulated utilities — all within a short drive.
- Airgas — industrial gases (3.3 miles)
- AmerisourceBergen Healthcare Consultants — healthcare distribution/consulting (3.7 miles)
- Nucor — steel producer (5.9 miles) — HQ
- Cisco Systems — technology (6.1 miles)
- Duke Energy — regulated utility (7.2 miles) — HQ
This 36-unit, 2012-vintage asset benefits from a renter-driven submarket with neighborhood occupancy around 96.8% (neighborhood metric) and strong amenity access that supports retention. According to CRE market data from WDSuite, the area’s renter concentration and top-quartile amenity density are consistent with stable leasing fundamentals, while a newer-than-average vintage can offer a relative edge versus older competing stock.
Within a 3-mile radius, population and household growth — alongside rising median incomes — point to an expanding tenant base and support for rent performance over the medium term. Key risks to underwrite include below-metro-average safety rankings and limited park access, which may require proactive operations and community programming; ownership options are relatively accessible in the region, so positioning and resident experience will be important for renewal and pricing power.
- Renter-driven area with neighborhood occupancy near 96.8% supporting leasing stability
- 2012 vintage offers competitive positioning versus older local stock with prudent capex planning
- 3-mile radius shows population and household growth, expanding the tenant base
- Strong amenity access (top-quartile dining and groceries nationally) supports retention
- Risks: below-metro-average safety metrics and limited park access warrant proactive management