| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 58th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 San Pedro Dr, College Station, TX, 77845, US |
| Region / Metro | College Station |
| Year of Construction | 1981 |
| Units | 84 |
| Transaction Date | 2009-09-11 |
| Transaction Price | $4,400,000 |
| Buyer | Koseoglu Semih Sefa & Pia A H Roswell |
| Seller | Casa Verde Townhomes, Ltd. |
700 San Pedro Dr College Station Multifamily Investment
Renter demand is the core strength here, with a high neighborhood renter concentration supporting a broader tenant base, according to WDSuite’s CRE market data. Stable leasing potential is reinforced by a high-cost ownership landscape in the area, while operations may benefit from thoughtful value-add positioning.
Rated A and ranked 8 of 93 neighborhoods in the College Station-Bryan metro, the location is competitive among metro neighborhoods and sits in the top quartile nationally on several livability dimensions. Amenity access is strong relative to the metro — restaurants, groceries, and parks all score above the metro median, which helps with day-to-day convenience and supports renter retention.
Neighborhood tenure skews renter-occupied, ranking in the top quartile among 93 metro neighborhoods. For investors, that signals depth of multifamily demand and a larger leasing pool to draw from. At the same time, the neighborhood’s occupancy level trails national norms, suggesting lease-up and renewal execution are important levers for performance.
Home values measure higher than many areas nationwide and the value-to-income ratio sits in a high national percentile. In practical terms, this is a high-cost ownership market for the neighborhood, which tends to reinforce reliance on rental housing and can support pricing power when managed alongside rent-to-income considerations.
Within a 3-mile radius, demographics point to a large student and young professional population and continued renter pool expansion. Population and household counts have grown and are projected to increase further, supporting demand for rental units and helping sustain occupancy over the medium term as new households enter the market.
The property’s 1981 vintage is older than the neighborhood’s average construction year (1993). That age profile often requires capital planning for systems and interiors, but it also creates a clear value-add path to improve competitiveness versus newer stock and capture rent premiums with targeted renovations.
Safety indicators for the neighborhood compare favorably to many areas nationwide. Violent offense metrics are in the top quartile nationally, and the neighborhood’s crime rank is competitive among the 93 metro neighborhoods. Recent trend data shows violent offenses easing year over year, while property offenses saw a recent uptick — an operational consideration for lighting, access control, and resident communication rather than a thesis-changer.
In investor terms, the profile supports day-to-day livability and leasing, but prudent on-site measures to manage non-violent incidents can help protect retention and community perception.
This 84-unit, 1981-vintage asset in College Station benefits from a renter-driven neighborhood and amenity access that is above the metro median. According to CRE market data from WDSuite, the area’s high renter-occupied share and elevated ownership costs create a durable tenant base, while current neighborhood occupancy levels underscore the importance of active leasing and renewal management. The asset’s older vintage suggests a straightforward value-add program to enhance unit finishes and building systems relative to newer competition.
Within a 3-mile radius, population and households are expanding and are projected to grow further, supporting a larger tenant base and occupancy stability. Neighborhood rents sit around the middle of national norms, giving room to capture renovated-unit premiums when paired with disciplined affordability and lease management.
- Renter-heavy neighborhood supports deep tenant demand and leasing velocity
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power
- 1981 vintage creates clear value-add potential via interior and systems upgrades
- 3-mile radius shows growing households, supporting occupancy stability and renewals
- Risk: Neighborhood occupancy lags national norms — execution on leasing and retention is critical