| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 79th | Best |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15504 Sullivan Glen Way, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2006 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15504 Sullivan Glen Way Huntersville Multifamily Opportunity
Suburban Huntersville shows steady renter demand and high occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting durable cash flows for stabilized assets. Property vintage offers light value-add angles while benefiting from strong metro fundamentals.
Huntersville’s suburban setting combines commuter access to Charlotte with a resident base that trends higher-income and family-oriented. Neighborhood-level occupancy is strong and has edged up over the past five years, indicating stable leasing conditions and limited downtime risk for comparable assets. Median contract rents in the neighborhood sit above national norms with healthy five‑year growth, reinforcing pricing power when units are refreshed or repositioned.
The property was built in 2006. Given the neighborhood’s newer average construction year (2011), this vintage is modestly older than nearby stock, suggesting practical capital planning for interiors, common areas, or systems can unlock competitive differentiation while remaining cost‑disciplined.
Amenity access is serviceable rather than dense: groceries and pharmacies are reasonably represented locally, while cafes, parks, and restaurants are sparser. For investors, this points to a car‑oriented tenant profile and underscores the importance of onsite conveniences and parking in asset positioning. At the metro scale (Charlotte‑Concord‑Gastonia), the neighborhood rates competitively, landing above the metro median across several investor‑relevant dimensions like demographics and housing, without the premium pricing of core urban nodes.
Tenure patterns show a moderate renter-occupied share at the neighborhood level (about one‑quarter to one‑third of units), supporting a consistent but not saturated multifamily renter base. Within a 3‑mile radius, population and household counts have grown over the past five years and are projected to continue rising, with households expanding faster than population — a signal of smaller average household sizes and a larger tenant base over time. Rising median incomes and rent levels in the 3‑mile area point to solid demand for well‑maintained units; as part of multifamily property research from WDSuite, these dynamics suggest retention can be supported when renewal strategies are paired with measured upgrades.
Safety indicators are favorable in a metro context and compare well nationally. The neighborhood’s crime rank places it above the metro median among 709 Charlotte‑area neighborhoods, and national percentiles indicate it performs in the stronger range versus neighborhoods across the country. Violent‑offense measures are particularly strong (top tier nationally), while property‑offense levels also compare well.
Year‑over‑year trends are mixed: violent‑offense estimates have eased slightly, whereas property‑offense estimates rose in the latest year. For underwriting, the comparative strength versus both the metro and national landscape supports demand from residents prioritizing safety, while the mixed trendline argues for ongoing monitoring and standard security practices rather than assumptions of linear improvement.
Nearby corporate anchors support a diversified employment base and commuter convenience, reinforcing leasing depth for workforce and professional renters. Key employers within typical drive times include Lowe's, Duke Energy, Merck, Sysco, and Bank of America Corp.
- Lowe's — corporate offices (7.8 miles) — HQ
- Duke Energy — corporate offices (7.9 miles)
- Merck — corporate offices (10.2 miles)
- Sysco — corporate offices (13.8 miles)
- Bank of America Corp. — corporate offices (14.6 miles) — HQ
This 81‑unit 2006 asset sits in a suburban Huntersville neighborhood with above‑average occupancy and rent performance versus national norms, supporting a case for stable cash flow and measured rent growth. Relative to the neighborhood’s newer average vintage, targeted renovations can sharpen competitiveness and capture premiums without full repositioning, while the local employment base and household expansion within a 3‑mile radius point to a deeper tenant pool over the hold period.
According to commercial real estate analysis from WDSuite, neighborhood safety benchmarks trend stronger than typical U.S. neighborhoods and are above the metro median, which can aid leasing velocity and retention. Higher ownership costs locally reinforce reliance on rentals, while rent‑to‑income levels suggest room for disciplined pricing if paired with ongoing service quality and asset upkeep.
- Strong neighborhood occupancy with five‑year improvement supports income stability
- 2006 vintage offers focused value‑add potential versus newer 2011 neighborhood average
- Expanding 3‑mile household base and solid incomes broaden the renter pool
- Proximity to major employers underpins leasing depth and retention
- Risk: mixed recent property‑offense trend warrants continued monitoring and standard security measures