| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 63rd | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Southwest Pkwy, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 2002 |
| Units | 96 |
| Transaction Date | 2013-10-25 |
| Transaction Price | $13,900,000 |
| Buyer | HRA Crossing Place, LLC |
| Seller | Crossing Place Apartments, LLC |
400 Southwest Pkwy, College Station Multifamily Investment
Positioned in an inner-suburb corridor with a high share of renter-occupied housing, this asset targets durable leasing fundamentals, according to WDSuite’s CRE market data.
Situated in College Station’s inner suburbs, the neighborhood is competitive among 93 metro neighborhoods with an A- rating. The share of housing units that are renter-occupied ranks 9th of 93 (top decile in the metro), signaling a deep tenant base and demand depth for a 96-unit community with larger floor plans.
Amenity access tilts toward outdoor and family-supportive uses: parks density is in the top quartile nationally and childcare access is strong, while restaurants are competitive within the metro. Within the neighborhood boundary, cafés, grocery, and pharmacies are limited, so residents typically rely on nearby corridors for daily needs.
Average school ratings are a relative strength (ranked 5th out of 93 metro neighborhoods and top quartile nationally), which can support household retention and broaden the renter profile beyond purely transient cohorts.
Neighborhood occupancy trends below the metro median, warranting proactive leasing and renewals, but broader demand indicators are constructive. Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to renter pool expansion that can support occupancy stability. The 18–34 share is elevated within this 3-mile area, aligning with roommate-friendly layouts and larger average unit sizes.
On income performance, neighborhood NOI per unit trails national peers (low national percentile), suggesting underwriting should emphasize operational execution over outsized rent growth. At the same time, elevated ownership costs relative to incomes (high value-to-income standing in the metro and nationally) typically sustain reliance on rentals, while rent-to-income levels are comparatively manageable — a mix that can help retention and measured pricing, based on commercial real estate analysis from WDSuite.
Safety metrics are mixed in a way that is typical for inner-suburb settings. Using metro ranks where lower ranks indicate higher crime, the neighborhood sits 35th out of 93 — somewhat above the metro median — while national positioning is slightly better than average (mid-50s percentile), according to WDSuite’s CRE market data.
Violent incidents trend relatively favorable versus national peers (mid-60s percentile) with recent improvement, while property-related offenses are stronger than national averages (mid-70s percentile) but showed a recent uptick. For investors, this argues for standard security measures and partnership with local resources rather than a thesis-changing concern.
The property’s scale (96 units) and larger average floor plans (around 1,100 sq. ft.) align with an elevated 18–34 renter cohort within a 3-mile radius, supporting roommate-driven demand and leasing velocity. Elevated ownership costs relative to incomes in the neighborhood tend to sustain rental reliance, while rent-to-income positioning suggests manageable affordability pressure — a mix that can support retention and disciplined pricing.
According to CRE market data from WDSuite, the neighborhood’s occupancy is below the metro median, reinforcing the importance of hands-on leasing and renewal strategies. However, household and population growth within 3 miles — with additional increases forecast — point to a larger tenant base over the medium term. Net, the thesis favors steady demand with operational execution as the primary lever for returns.
- High renter concentration (9th of 93 metro neighborhoods) indicates depth of tenant demand
- 3-mile population and household growth support a larger tenant base and occupancy stability
- Elevated ownership costs vs. incomes reinforce reliance on multifamily housing, aiding lease retention
- Larger average unit sizes align with young-adult roommate demand in the surrounding 3-mile area
- Risks: neighborhood occupancy below metro median and a recent uptick in property offenses require active management