| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14320 Tribute Place Dr, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2007 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14320 Tribute Place Dr Huntersville Investment Property
Neighborhood occupancy trends remain in the high-90s and renter demand is supported by strong incomes, according to WDSuite’s CRE market data. The takeaway for investors is steady leasing fundamentals in a suburban location with above-metro amenity access.
Huntersville’s inner-suburban setting scores an A neighborhood rating and ranks 37 out of 709 Charlotte-Concord-Gastonia neighborhoods, indicating performance that is competitive among Charlotte-Concord-Gastonia neighborhoods. Grocery access sits in the top quartile nationally and pharmacies are also above national norms, while coffee shop and park density are thinner, suggesting daily needs are convenient but lifestyle amenities may be more car-oriented.
For investors, the demand backdrop is favorable: neighborhood occupancy is strong and ranked 109 of 709 in the metro, and the renter-occupied share is substantial for a suburban location. At the same time, the broader ownership tilt means pricing and product positioning should target a stable, needs-based renter pool rather than purely discretionary movers.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the last five years, with households projected to expand further through 2028. This supports a larger tenant base and reinforces occupancy stability, while smaller average household size trends point to continued multifamily demand.
The property’s 2007 vintage is newer than the neighborhood’s average 1991 construction year, offering competitive positioning against older stock; investors should still plan for mid-life system updates and targeted modernization to sustain leasing velocity. Elevated home values in the area typically sustain reliance on rental options, which can aid retention and pricing power without overreliance on in-migration.
Neighborhood-level safety metrics are not available in this dataset. Investors commonly benchmark this inner-suburban area against regional trends and review recent public safety sources to understand directional change and how it compares to nearby Charlotte submarkets. A balanced approach is to incorporate property-level measures, lighting, and management practices into underwriting when neighborhood statistics are limited.
Proximity to major employers anchors demand for workforce and professional renters, supporting commute convenience and leasing stability. Key nearby employment nodes include Merck, Lowe's, Duke Energy, Sysco, and Bank of America.
- Merck — pharmaceuticals (7.8 miles)
- Lowe's — retail HQ/operations (9.1 miles) — HQ
- Duke Energy — utilities offices (9.7 miles)
- Sysco — food distribution (12.1 miles)
- Bank of America Corp. — financial services (12.6 miles) — HQ
14320 Tribute Place Dr offers scale at approximately 26 units with a 2007 vintage in an inner-suburban Huntersville location where neighborhood occupancy trends are strong and grocery/pharmacy access is above national norms. According to CRE market data from WDSuite, the area ranks competitively within the Charlotte metro on overall neighborhood performance, while a meaningful renter-occupied share and growing 3-mile households underpin depth of the tenant base.
Relative to older nearby stock, a 2007 build provides a competitive edge, though investors should underwrite mid-life capital items and selective upgrades to keep the asset positioned against both newer deliveries and single-family rental alternatives. The submarket’s high-cost ownership landscape tends to reinforce rental demand and supports lease retention, with forward household growth pointing to sustained absorption potential. Key risks include thinner park/cafe density and an ownership-leaning backdrop that may require sharper product-market fit and amenity programming.
- Newer 2007 vintage versus local average, supporting competitive positioning
- Strong neighborhood occupancy and growing 3-mile households support leasing stability
- Above-national grocery/pharmacy access aids day-to-day livability for tenants
- Employment access to regional anchors (Lowe's, Bank of America, Duke Energy) supports demand
- Risks: car-oriented amenities and an ownership-leaning area require precise positioning and capex planning