| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10130 Rose Brook Ln, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 28 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
10130 Rose Brook Ln Huntersville Multifamily Opportunity
Neighborhood-level occupancy has been resilient and investor-friendly, according to WDSuite’s CRE market data, supporting stable cash flow potential for well-located assets. The surrounding submarket shows solid renter demand drivers rather than a lease-up story, with strength tied to jobs access and everyday amenities.
Located in Huntersville’s inner suburban fabric of the Charlotte metro, the neighborhood scores an A with a rank of 37 among 709 metro neighborhoods, placing it firmly above the metro median and competitive for Class B/C multifamily. Occupancy at the neighborhood level remains elevated (86th percentile nationally), suggesting steady leasing and limited frictional vacancy relative to many U.S. locations.
Daily-needs access is a differentiator: grocery availability sits in the 89th percentile nationally and pharmacies in the 80th percentile, while childcare density is notably strong (93rd percentile). Cafes and parks are less dense locally, which can temper lifestyle appeal for some renters but does not detract from core convenience for working households. Median contract rents in the neighborhood are higher than many areas (82nd percentile nationally over the last cycle), reflecting both demand and income depth.
Tenure patterns point to a meaningful renter base. At the neighborhood scale, the share of housing units that are renter-occupied is elevated versus national norms (85th percentile), supporting depth of demand for smaller properties. Within a 3-mile radius, approximately 30% of housing units are renter-occupied, indicating a broader ownership context that can sustain rental demand as households seek professionally managed options near jobs and services.
Demographics within a 3-mile radius show population growth over the last five years with additional gains projected, alongside a rising household count and smaller average household sizes. This combination supports a larger tenant base and continued need for rental units. Elevated home values in the neighborhood context, paired with a rent-to-income ratio around 0.17, suggest a high-cost ownership market relative to incomes that can reinforce renter reliance on multifamily housing while keeping retention and lease management in focus.
Vintage context matters for capital planning: the property was built in 2000, newer than the neighborhood’s average 1991 construction year. That positioning can enhance competitiveness versus older stock, though systems and finishes may still require targeted modernization to meet current renter expectations and sustain occupancy strength.
Comparable crime metrics for this neighborhood were not available in the current WDSuite feed. Investors should benchmark local safety trends against Charlotte metro norms and recent neighborhood-level trajectories rather than relying on block-level anecdotes. Use a multi-year, metro-relative view to assess whether conditions are improving, stable, or softening.
The employment base nearby blends corporate offices and operations that support commuter convenience and leasing stability for workforce and professional renters. The list below highlights notable employers within practical commuting distance that underpin weekday traffic and steady household incomes.
- Merck — pharmaceuticals (7.7 miles)
- Lowe's — home improvement HQ and corporate (8.8 miles) — HQ
- Duke Energy — utilities corporate offices (10.0 miles)
- Sysco — foodservice distribution offices (11.7 miles)
- Bank of America Corp. — banking corporate (12.9 miles) — HQ
This 28-unit asset delivers exposure to an inner-suburban Charlotte neighborhood that ranks among the stronger cohorts in the metro, where elevated neighborhood occupancy and solid renter-occupied share support day-one demand. The combination of strong grocery/pharmacy access and proximity to major employers underpins retention potential and helps mitigate leasing volatility.
Built in 2000, the property is newer than the area’s average vintage, offering relative competitiveness against older stock while leaving room for targeted upgrades to sustain rent positioning. According to commercial real estate analysis from WDSuite, neighborhood rents and incomes benchmark above many national peers, while a rent-to-income profile near 0.17 suggests manageable affordability pressure that can support occupancy stability with prudent lease management.
- Neighborhood occupancy and renter base point to stable leasing fundamentals
- 2000 vintage offers competitive positioning with selective value-add potential
- Strong daily-needs access and nearby employers support retention and pricing power
- High-cost ownership context reinforces multifamily demand in the area
- Risks: fewer lifestyle amenities (parks/cafes) nearby and ongoing capex for systems as the asset ages