| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 39th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Damon Dr, West Columbia, TX, 77486, US |
| Region / Metro | West Columbia |
| Year of Construction | 1972 |
| Units | 58 |
| Transaction Date | 2007-07-12 |
| Transaction Price | $978,800 |
| Buyer | BB FUNDING INC |
| Seller | SELLS IAN |
200 Damon Dr, West Columbia TX Multifamily Opportunity
Stabilizing renter demand in a rural Houston MSA pocket with improving neighborhood occupancy provides a durable base for a 58-unit, 1972-vintage asset, according to WDSuite s CRE market data. Renovation and operational upgrades can target steady cash flow rather than outsized rent premiums.
Located in West Columbia within the Houston The Woodlands Sugar Land metro, the neighborhood carries a B- rating and a Rural profile. Neighborhood occupancy has risen over the last five years to the high-80s, indicating healthier leasing backdrops for professionally managed units. The renter-occupied share within the neighborhood is in the low-20s, pointing to a smaller but stable tenant pool and the need for consistent leasing outreach to maintain occupancy.
Amenity access is mixed: overall amenity positioning is competitive among Houston neighborhoods, with parks and pharmacies ranking above the metro median, while caf E9 density is limited and grocery access sits closer to the middle of the pack. For schools, average ratings trend below national medians, which may warrant targeting workforce and value-oriented renters over family households prioritizing top-tier districts.
Within a 3-mile radius, population increased about 11% over the last five years and households grew roughly 16%, expanding the local renter pool and supporting occupancy stability. WDSuite s commercial real estate analysis also shows income gains alongside slightly smaller household sizes, which tends to support steady absorption of renovated, efficiently sized units.
Ownership remains relatively accessible versus many U.S. markets, which can create some competition from for-sale options; however, that context also supports resident retention through value positioning and service quality. Median contract rent in the 3-mile area was about $844 in 2023, and WDSuite s CRE market data indicates a higher trajectory by 2028, suggesting room for measured rent growth where renovations improve livability without overextending affordability. Neighborhood rent-to-income ratios near 0.20 reinforce balanced affordability, implying manageable retention risk but modest pricing power.
Comparable metro crime data for this neighborhood are not available in the current WDSuite release. Investors should benchmark site-level observations against broader Houston The Woodlands Sugar Land trends and standard lender due diligence, focusing on property-level controls, lighting, access, and local enforcement coordination rather than block-level claims.
Regional employment is anchored by large corporate offices within commuting range, supporting workforce housing demand and retention. Notable nearby employers include Texas Instruments, Dish Network, National Oilwell Varco (and its employee credit union), and Phillips 66.
- Texas Instruments corporate offices (29.5 miles)
- Dish Network corporate offices (31.5 miles)
- National Oilwell Varco Employees CU financial services (37.8 miles)
- National Oilwell Varco energy equipment (37.9 miles) HQ
- Phillips 66 energy (41.2 miles) HQ
The 58-unit property at 200 Damon Dr offers a value-oriented play in a Rural Houston MSA neighborhood with improving occupancy and a growing household base within 3 miles. Built in 1972, the vintage points to clear value-add levers targeted interior updates, common-area refreshes, and system upgrades to sharpen competitiveness versus older stock, while maintaining rents aligned with local affordability to support retention. According to CRE market data from WDSuite, neighborhood rent-to-income ratios sit near 0.20 and recent occupancy trends have improved, supporting a steady, operations-driven thesis rather than outsized rent lifts.
Household growth and income gains in the 3-mile radius broaden the tenant base, while accessible home values require disciplined positioning on service and value to minimize move-out to ownership. Forecasts indicate upward pressure on asking rents through 2028, suggesting potential to capture measured rent growth where renovations drive real utility. Key risks include a more limited amenity set and below-median school ratings, which favor targeting workforce renters and reliable leasing channels.
- 1972 vintage supports value-add scope (unit interiors, systems, and curb appeal)
- Neighborhood occupancy has improved, reinforcing day-to-day leasing durability
- 3-mile household growth and income gains expand the tenant base and support retention
- Rent-to-income near 0.20 favors steady renewals; pursue measured, renovation-backed rent steps
- Risks: rural amenity depth, below-median school ratings, and competition from ownership options