| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 58th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Balcones Dr, College Sta, TX, 77845, US |
| Region / Metro | College Sta |
| Year of Construction | 1981 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Balcones Dr, College Station Multifamily Investment
Stabilized renter demand in an inner-suburb location, according to WDSuite’s CRE market data, with ownership costs that tend to support continued reliance on multifamily housing. Vintage invites targeted upgrades to sharpen competitiveness against newer stock.
Rated A and ranked 8 out of 93 in the College Station–Bryan metro, the neighborhood sits in the top quartile locally, indicating solid fundamentals for workforce-oriented rentals. Amenity access is competitive among College Station–Bryan neighborhoods, with cafes, groceries, restaurants, parks, and pharmacies comparing favorably to national benchmarks for convenience.
The property was built in 1981, while the neighborhood’s average construction year is 1993. Older vintage suggests investors should plan for ongoing capital projects and selective renovations, with potential value-add returns relative to 1990s and 2000s comparables.
Renter-occupied housing accounts for a larger share of units in the neighborhood (ranked 20 out of 93, a top-quartile position), indicating a deeper tenant base for multifamily leasing. Neighborhood occupancy levels sit below the metro median (ranked 58 of 93), so strategic asset management and competitive positioning matter to sustain leasing velocity.
Within a 3-mile radius, population and household counts have grown over the past five years and are projected to expand further through 2028, supporting a larger tenant base and lease-up resilience. Median home values in the neighborhood are elevated relative to many U.S. areas, and the value-to-income ratio ranks 13 of 93, which typically reinforces rental demand and retention. With a rent-to-income profile near mid-range locally, affordability pressure appears manageable, aiding pricing power and renewals. These dynamics align with commercial real estate analysis trends observed in similar university-adjacent markets.
Safety indicators compare favorably in a regional and national context. Overall crime ranks 26 out of 93 metro neighborhoods, placing the area above the metro median, and national percentiles indicate relatively stronger safety than many U.S. neighborhoods.
Violent offense metrics are a relative bright spot, landing in the top quartile nationally. Property offense levels benchmark better than average nationwide as well, though recent year-over-year movement shows variability that investors should monitor. Framing these metrics at the neighborhood level avoids block-level conclusions while capturing trend direction useful for underwriting and retention planning.
The local employment base includes education, healthcare, and services within a commuter-friendly radius, supporting steady renter demand; verified employer distances are not available in this dataset.
This 66-unit, 1981-vintage asset offers exposure to a top-quartile neighborhood in the College Station–Bryan metro with a deep renter base and amenity convenience. According to CRE market data from WDSuite, ownership costs in the surrounding area are elevated versus incomes, which tends to sustain reliance on rental housing and supports leasing durability. While neighborhood occupancy trends sit below the metro median, the broader 3-mile area shows population and household growth with further expansion projected, reinforcing long-run demand for multifamily units.
The older vintage points to actionable value-add opportunities—mechanicals, exterior/interior updates, and curb appeal—to improve rent competitiveness against newer stock. Investors should underwrite to measured lease management given sub-metro occupancy rankings and monitor recent property-crime variability, but the combination of renter concentration, amenity access, and university-adjacent dynamics supports a durable, cash-flow oriented hold with upgrade upside.
- Top-quartile neighborhood ranking (8 of 93) with strong amenity access supporting renter appeal
- Elevated ownership costs locally reinforce multifamily demand and lease retention
- 1981 construction presents targeted value-add and capex-driven yield potential
- 3-mile area shows population and household growth, supporting a larger tenant base
- Risks: neighborhood occupancy below metro median and recent property-crime variability warrant active asset management