| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14535 Cordial Ln, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 54 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
14535 Cordial Ln, Huntersville Multifamily Investment
Neighborhood occupancy is strong and trending up, supporting stable cash flows for well-managed assets, according to WDSuite’s CRE market data. With newer construction relative to nearby stock, the property is positioned to compete on quality while capturing steady renter demand.
Huntersville’s inner-suburban setting scores an A neighborhood rating and ranks 37 out of 709 Charlotte metro neighborhoods — top quartile nationally and competitive within the region. Occupancy for the neighborhood is high and rising, placing it above the metro median and in the top quartile nationally, a positive signal for revenue durability and lease-up consistency for comparable assets.
Daily needs are well covered: grocery access ranks 43 of 709 (top-quartile availability) and pharmacies are also above the metro median. Family-serving infrastructure is robust, with childcare density ranking 14 of 709, which can support retention for households seeking convenience. Café and park density, however, are limited within the neighborhood footprint, so leisure amenities may rely more on nearby submarkets.
Relative costs and incomes support renter demand depth. Neighborhood home values are elevated versus national norms, which tends to reinforce reliance on multifamily housing. The neighborhood rent-to-income ratio sits in a manageable range, suggesting moderate affordability pressure that can aid retention and measured pricing power.
Within a 3-mile radius, population grew over the last five years and households expanded at a faster pace, indicating smaller average household sizes and a larger tenant base. Forward-looking data points to additional population growth and a sizable increase in households, which implies more renters entering the market and supports occupancy stability for well-located properties. This view is grounded in commercial real estate analysis from WDSuite’s dataset.
Vintage context matters: the asset’s 2000 construction is newer than the neighborhood’s average vintage (1991). That positioning typically enhances competitiveness versus older stock, though investors should plan for selective system updates and modernization to sustain performance.
Neighborhood-level crime metrics were not available in the provided dataset. Investors typically benchmark location safety by comparing neighborhood trends to metro and national baselines and by reviewing municipal and property-level records over multiple years to understand directionality rather than single-point readings.
Given the absence of a ranked safety series here, treat underwriting assumptions conservatively and validate with on-the-ground diligence (police reports, recent trend summaries, and time-of-day patterns) to align risk controls with portfolio standards.
Proximity to diversified corporate employment supports renter demand and commute convenience, with notable anchors in healthcare, retail headquarters, energy, distribution, and banking.
- Merck — pharmaceuticals (7.8 miles)
- Lowe's — retail HQ & corporate (9.0 miles) — HQ
- Sysco — food distribution (11.9 miles)
- Bank of America Corp. — banking & financial services (12.8 miles) — HQ
- Duke Energy — energy utility (13.0 miles) — HQ
This 54-unit asset, built in 2000, benefits from a location where the neighborhood shows high, rising occupancy and top-quartile standing within the Charlotte metro — a constructive backdrop for income stability. Newer-than-average vintage versus nearby stock enhances competitive positioning, while elevated for-sale home values in the area support reliance on multifamily rentals and depth of the tenant base.
Within a 3-mile radius, recent population growth and faster household expansion point to a larger renter pool ahead; forecasts indicate continued increases alongside smaller household sizes, which can sustain leasing velocity for well-managed floor plans. According to multifamily property research from WDSuite, these dynamics align with above-median neighborhood amenities (grocers, pharmacies, childcare) that can aid retention, even as café and park access is thinner locally.
- High and improving neighborhood occupancy supports income stability and lease-up consistency.
- 2000 vintage offers competitive positioning versus older local stock with targeted modernization potential.
- Elevated ownership costs in the area reinforce renter reliance, aiding demand depth and pricing power.
- 3-mile population and household growth expand the tenant base, supporting forward occupancy potential.
- Risk: Limited café/park density and continued rent growth could pressure retention if not balanced with service and renewal strategy.