| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 52nd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Industrial Blvd, Temple, TX, 76501, US |
| Region / Metro | Temple |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 Industrial Blvd Temple Multifamily Investment Opportunity
Neighborhood occupancy trails the metro median, but strong renter affordability and steady household growth nearby point to durable demand, according to WDSuite’s CRE market data.
Situated in a suburban pocket of Temple, the neighborhood ranks below the metro median overall (C-; 123 of 139 Killeen-Temple neighborhoods), signaling more value-oriented positioning and an execution-driven strategy for investors. Amenity density is limited, so residents are likely car-reliant; positioning the asset with convenient parking and in-unit functionality can support leasing.
Rents in the neighborhood benchmark on the lower side versus the metro (below median rank and below the national midpoint), while the neighborhood’s rent-to-income profile sits in the top quartile nationally. This combination typically supports retention and reduces turnover risk, especially for workforce-oriented assets. Median school ratings in the area trend below national norms, which can modestly narrow the family renter segment but may be offset by value-focused demand.
Neighborhood occupancy is below the metro median, indicating competitive lease-up conditions. However, within a 3-mile radius, WDSuite data show households have increased recently and are projected to expand further, implying a larger tenant base ahead and support for occupancy stability. Population counts within 3 miles dipped previously while households rose, consistent with smaller household sizes and more renters entering the market.
Home values in the neighborhood are lower relative to the metro and sit in a lower national percentile, which can make ownership more accessible and introduce competition for some renters. Even so, the 3-mile area shows roughly half of housing units are renter-occupied, underscoring a deep tenant pool for multifamily. Investors should emphasize value, reliable operations, and pragmatic finishes to align with local demand.
Comparable neighborhood crime data are not available from WDSuite for this location, so investors should evaluate citywide and metro trends, as well as property-level security practices, to contextualize risk. Consider typical measures—lighting, access control, and visibility—alongside local policing and community engagement when assessing long-term leasing stability.
- Raymond James — financial services (39.1 miles)
- Farmers Insurance - Doug Gaul — insurance (41.8 miles)
This 60-unit asset competes in a value-oriented Temple submarket where neighborhood rents trend below metro medians but rent-to-income metrics are favorable, supporting tenant retention. Household growth within a 3-mile radius and projected renter pool expansion suggest incremental demand that can help backfill units and stabilize occupancy over time, based on commercial real estate analysis from WDSuite.
The trade-off is execution: neighborhood occupancy sits below the metro median, amenity access is limited, and lower home values mean some renter households may consider ownership. A focused operating plan—efficient turn management, targeted upgrades, and competitive pricing—can position the asset to capture workforce demand and maintain leasing velocity.
- Favorable rent-to-income dynamics support retention and pricing discipline
- 3-mile household growth and projected renter pool expansion support occupancy stability
- Value positioning aligns with workforce demand amid below-metro rent levels
- Risks: below-metro neighborhood occupancy, limited amenity density, and potential competition from accessible ownership options