| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 66th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2011 Labrisa Dr, Bryan, TX, 77807, US |
| Region / Metro | Bryan |
| Year of Construction | 1979 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2011 Labrisa Dr, Bryan TX Multifamily Investment
Positioned in an inner-suburban pocket of Bryan with steady renter demand and a renter-occupied housing base, the neighborhood shows mid-pack occupancy at the neighborhood level, according to WDSuite’s CRE market data. Investors can underwrite durable leasing from a sizable renter pool while planning upgrades to compete for tenants.
The property sits in an Inner Suburb of Bryan rated A- and ranked 24 out of 93 neighborhoods in the College Station–Bryan metro, making it competitive among metro neighborhoods. Neighborhood indicators point to durable rental demand rather than luxury-driven pricing, with local occupancy measured for the neighborhood tracking near the metro middle and a higher share of renter-occupied housing units supporting depth of the tenant base.
Everyday amenities are serviceable rather than destination-oriented. Cafe density ranks 12 of 93 in the metro and lands in the 75th percentile nationally, while restaurants and groceries sit closer to metro and national midpoints. Parks and pharmacies are limited within the immediate neighborhood, so residents may rely on nearby areas for those services.
Household incomes in the neighborhood trend above national medians for comparable areas, and rent-to-income metrics suggest manageable affordability pressure that can support retention and measured rent growth. Home values sit around national midpoints; in practical terms, this is a mixed-cost ownership market where multifamily competes on convenience and flexibility rather than price alone, which can help sustain renter reliance and lease stability.
Within a 3-mile radius, demographics show population growth over the last five years alongside an increase in total households and a large 18–34 cohort, pointing to a larger tenant base and ongoing renter pool expansion. Projections indicate additional household growth and smaller average household sizes, which typically supports multifamily absorption and occupancy stability over time.
Neighborhood safety benchmarks are mixed relative to peers. Overall crime ranks in the metro’s middle tier (54 of 93), placing the area below the national median for safety, while the past year shows a notable improvement in property offense rates, which are improving at a pace in the top quartile across the metro and stronger than most neighborhoods nationwide. Violent offense levels benchmark below the national median, so underwriting should assume average-to-cautious operating conditions rather than top-tier safety.
Built in 1979, the asset is older than the neighborhood’s average vintage, creating clear value-add potential via targeted renovations and system upgrades. Relative to metro peers, the neighborhood ranks competitive (24 of 93) with a sizable share of renter-occupied units and a large 18–34 population within 3 miles that supports leasing velocity. According to CRE market data from WDSuite, neighborhood occupancy sits around the metro middle, suggesting stable baseline demand where refreshed product can capture share.
Looking forward, 3-mile projections indicate continued population and household growth alongside smaller average household sizes, which typically expands the renter base and supports occupancy stability. Amenity access is adequate for daily needs, while limited parks/pharmacies is a known tradeoff that can be mitigated through on-site features and management focus.
- 1979 vintage offers value-add and modernization upside to enhance competitive positioning
- Competitive neighborhood rank (24 of 93) with renter-occupied unit concentration supporting demand depth
- 3-mile population and household growth with a large 18–34 cohort underpin leasing and retention
- Neighborhood occupancy near metro middle provides a stable base with upside via renovations
- Risks: softer amenity coverage for parks/pharmacies and an older asset timeline requiring capital planning