| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 49th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 450 Joiner Pkwy, Lincoln, CA, 95648, US |
| Region / Metro | Lincoln |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | 2001-08-22 |
| Transaction Price | $1,218,500 |
| Buyer | TERRACE LINCOLN |
| Seller | JOINER CHARLES JESSIE |
450 Joiner Pkwy, Lincoln CA Multifamily Investment
Neighborhood occupancy is high and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. Stability at the neighborhood level, not the property, points to durable leasing fundamentals in this suburban pocket of the Sacramento-Roseville-Folsom metro.
This suburban Lincoln location benefits from strong occupancy at the neighborhood level, with performance that ranks in the upper tier nationally. While this is a neighborhood metric (not property-specific), it signals generally steady leasing conditions for well-positioned assets. Housing quality indicators score in the top quartile nationally, suggesting competitive product relative to many U.S. neighborhoods, based on commercial real estate analysis from WDSuite.
The surrounding for-rent housing stock skews owner-heavy, with roughly one-fifth of units renter-occupied. For investors, that typically means a somewhat thinner renter base but less direct competition from large multifamily clusters, which can support retention and pricing for properties that meet local expectations.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue growing, which supports a larger tenant base over time. Median household incomes in the 3-mile area are elevated and have risen meaningfully, supporting the ability to pay market rents. Local median contract rents have trended higher and are expected to continue increasing, reinforcing revenue potential for competitive units.
Home values in the neighborhood sit in a high-cost ownership market versus national norms, which tends to sustain reliance on rental housing and can bolster lease retention for quality multifamily. On the other hand, immediate amenity density (cafes, groceries, restaurants, parks) is limited, reflecting a car-oriented suburban setting. Average school ratings track below the national median; for family renters, renovated finishes and convenient commutes can help offset school-related considerations.
Neighborhood safety indicators are favorable relative to national norms, placing above the U.S. median according to WDSuite. Property-related offenses have declined meaningfully year over year, while violent offense measures are also better than national averages. These are neighborhood-level statistics rather than property-specific conditions, and investors should underwrite with customary local diligence.
Within the Sacramento-Roseville-Folsom metro, the area compares competitively to many neighborhoods, and nationally it aligns with the safer side of the spectrum. Continued monitoring of local trends is prudent, especially given fluctuations that can occur within sub-areas over time.
Regional employment anchors within commuting range support renter demand, led by technology, healthcare, and distribution. The following nearby employers can help underpin leasing stability for workforce and professional households.
- Intel Folsom FM5 — technology (18.8 miles)
- Cardinal Health — healthcare distribution (21.9 miles)
- Xerox State Healthcare — healthcare IT/services (24.7 miles)
- DISH Network Distribution Center — distribution (25.2 miles)
- International Paper — manufacturing & packaging (25.4 miles)
Built in 2004, this 80-unit asset trails the neighborhood’s newer average vintage, creating a clear value-add and capital planning angle. Light-to-moderate renovations and systems upgrades can position the property competitively against younger stock while capturing demand in a neighborhood where occupancy performance is strong and the ownership market is high-cost versus national norms.
Within a 3-mile radius, population and household counts have increased and are projected to rise further, pointing to renter pool expansion and support for occupancy stability. Rents in the area have climbed and are expected to continue trending upward; according to CRE market data from WDSuite, the neighborhood’s rent-to-income dynamics remain manageable, suggesting room for disciplined revenue growth with attention to lease management and retention.
- Neighborhood occupancy trends are strong, supporting stable leasing
- 2004 vintage offers value-add potential versus newer local stock
- High-cost ownership market reinforces reliance on rentals and retention
- 3-mile population and household growth support long-run demand
- Risks: limited immediate amenity density and below-median school ratings may weigh on some family renters