| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 58th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Balcones Dr, College Station, TX, 77845, US |
| Region / Metro | College Station |
| Year of Construction | 1981 |
| Units | 66 |
| Transaction Date | 2009-09-11 |
| Transaction Price | $2,200,000 |
| Buyer | Koseoglu Semih Sefa & Pia A H Roswell |
| Seller | Balcones Apartments, Ltd.. |
1000 Balcones Dr, College Station Multifamily Investment
Household growth and a high renter-occupied share in the immediate area point to durable tenant demand, according to WDSuite’s CRE market data. Elevated ownership costs nearby further support renter reliance without requiring aggressive assumptions.
This Inner Suburb neighborhood rates A and ranks 8 out of 93 in the College Station-Bryan metro, signaling competitive fundamentals among local peers. Amenity access is a relative strength: groceries, restaurants, parks, and pharmacies trend in the upper tiers nationally, offering daily convenience that supports leasing and retention.
For investors screening demand depth, the neighborhood shows a high share of renter-occupied housing (54.3%), placing it in the 91st percentile nationally. While the reported neighborhood occupancy is below the metro median and has softened over the last five years, the depth of the renter base helps anchor tenant traffic and mitigates volatility during slower leasing periods.
Within a 3-mile radius, demographics point to a sizable and renewing renter pool: population and households have grown in recent years, with households expanding faster than population, which typically enlarges the addressable tenant base. Projections indicate continued increases in households over the next five years, supporting occupancy stability and absorption of renovated units.
Home values benchmark above national norms for comparable neighborhoods, and the value-to-income ratio sits in a higher national percentile. In practical terms, this is a high-cost ownership environment relative to local incomes, which tends to sustain rental demand and can aid pricing power for well-positioned multifamily assets. Average school ratings trail national medians, which may temper appeal for family renters, but strong amenity access and renter concentration provide counterbalance for workforce and student-oriented leasing.
Safety indicators are mixed in metro context but compare favorably versus many U.S. neighborhoods. Violent-offense metrics land in the 85th percentile nationally (safer relative to the country), and property-offense indicators are in the 78th percentile nationally. Within the College Station-Bryan metro’s 93 neighborhoods, recent movement shows improvement in violent-offense rates year over year, while property-offense rates have been more volatile.
Taken together, the neighborhood reads as above national averages for safety, with metro-level variability investors should monitor as part of standard operations and resident-experience planning.
Built in 1981, this 66-unit asset is older than the neighborhood’s average vintage, creating a clear value-add pathway through targeted renovations and systems upgrades. Demand fundamentals are supported by a high local renter-occupied share and strong amenity access. Within a 3-mile radius, recent growth in households and a large 18–34 cohort point to a larger tenant base, supporting occupancy stability and leasing velocity for competitively positioned units.
Ownership costs in the area trend high relative to incomes, reinforcing renter reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy trails the metro median, which argues for disciplined underwriting and active lease management, but the depth of the renter pool and projected household growth provide durable demand offsets for a renovated, professionally managed property.
- 1981 vintage positions the asset for value-add upgrades that can enhance competitive standing
- High renter-occupied share and amenity access underpin steady tenant demand
- 3-mile household growth and a large renting-age population support occupancy stability
- Elevated ownership costs vs. incomes sustain reliance on rentals and pricing power potential
- Risk: neighborhood occupancy below metro median and softer schools require focused leasing strategy