| 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 | 2007-01-25 |
| Transaction Price | $1,350,000 |
| Buyer | CRD INVESTMENTS LLC |
| Seller | DEAN JAMES DEVIN |
700 Industrial Blvd, Temple TX Multifamily Opportunity
Positioned in a workforce corridor of Temple, the asset offers attainable rents and a broad tenant base, according to WDSuite s CRE market data. The neighborhood s rent-to-income dynamics suggest room for disciplined revenue management without overextending affordability.
Temple s suburban setting here leans practical over lifestyle-driven. Amenity density is limited (food, parks, groceries) relative to the Killeen Temple metro, placing the neighborhood below the metro median and signaling that residents likely rely on short drives for daily needs. For investors, that typically points to value-sensitive renter demand rather than premium amenity-driven leasing.
Neighborhood-level occupancy trends are softer than many metro peers (ranked below the metro median among 139 neighborhoods), which calls for conservative underwriting on lease-up velocity and renewal capture. However, rent-to-income appears manageable at the neighborhood level, which can support retention if rent growth is paced thoughtfully.
Within a 3-mile radius, demographic data shows households increased while population edged down over the last five years a pattern consistent with smaller household sizes and a gradually diversifying renter pool. Forward-looking projections indicate growth in both population and households by 2028, supporting a larger tenant base and steadier absorption, based on CRE market data from WDSuite.
Home values in the neighborhood cluster are comparatively accessible within the metro context. That can create some competition from entry-level ownership, but it also reinforces the role of multifamily as a flexible housing option. For investors, this mix typically favors stable occupancy at attainable rent tiers, with pricing power best realized through operational execution rather than amenity premiums. Average school ratings in the broader area are on the lower side, which may modestly influence demand from family renters; positioning toward workforce singles and couples can help mitigate this.
Comparable crime statistics for this neighborhood are limited in WDSuite at this time. Investors often benchmark safety by reviewing citywide and metro-level trend reports and touring at multiple times of day to assess on-the-ground conditions. Use conservative assumptions and align security, lighting, and access controls with typical workforce housing standards.
Regional employment is diversified, with access to financial and insurance services within commutable distance that can contribute to steady renter demand and renewal stability for workforce housing. The employers below represent notable nearby nodes that residents may commute to.
- Raymond James financial services (39.1 miles)
- Farmers Insurance Doug Gaul insurance services (41.8 miles)
This 60-unit asset in Temple offers attainable rents and practical appeal for workforce tenants. Neighborhood occupancy trends sit below the metro median, so underwriting should emphasize retention, renewal step discipline, and targeted turns. Within a 3-mile radius, households have grown and are projected to expand further by 2028, pointing to a larger tenant base and steadier absorption. According to commercial real estate analysis from WDSuite, rent-to-income dynamics at the neighborhood level suggest headroom for measured rent growth while maintaining affordability for core renter cohorts.
Amenity density is limited and average school ratings are lower in the surrounding area, which argues for an operating plan centered on reliability: unit readiness, maintenance response times, and in-unit feature upgrades that resonate with value-focused renters. Ownership costs nearby are comparatively accessible, so pricing power is best captured via operational execution and selective renovations rather than amenity premiums.
- Workforce-oriented demand with attainable rents supports occupancy stability when paired with disciplined renewals.
- 3-mile household growth and projected expansion by 2028 indicate a larger tenant base and steady absorption.
- Rent-to-income dynamics point to room for measured rent growth while preserving affordability.
- Risk: lower amenity density and softer neighborhood occupancy require conservative lease-up and renewal assumptions.
- Risk: comparatively accessible ownership options may temper pricing power; focus on operational execution and selective upgrades.