| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 14th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 Meadow Park, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1982 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 Meadow Park, Lockhart TX Multifamily with Value-Add Upside
Neighborhood occupancy in the low-90s and a solid renter base point to steady leasing conditions, according to WDSuite’s CRE market data. The location serves workforce renters drawn to the Austin corridor while pricing remains relatively accessible for the market.
Situated in Lockhart’s Inner Suburb, the property benefits from a renter-occupied share that is roughly a third of local housing units, supporting a stable tenant base for a 37-unit asset. Neighborhood occupancy stands near the low-90s (above the national midline), which typically supports renewal rates and reduces downtime between turns, based on commercial real estate analysis benchmarks from WDSuite.
Amenity access is mixed: restaurants are comparatively available (around the 66th percentile nationally), with grocery and pharmacy access near the national middle. Parks, cafés, and childcare options are limited in the immediate neighborhood. For investors, this positioning suggests a resident profile prioritizing value and commute convenience over lifestyle retail, with leasing supported by essential services rather than destination amenities.
Within a 3-mile radius, population and households have expanded in recent years, and forecasts indicate further household growth with smaller average household sizes. This dynamic typically enlarges the renter pool and can support occupancy stability and demand for smaller formats. Median contract rents in the 3-mile area have risen over the past five years, and forward estimates point to continued, more moderate growth—favorable for sustained top-line performance if expense controls and capital plans are managed well.
Home values in the neighborhood sit below major metro cores, creating a high-cost ownership contrast relative to Austin’s job centers while remaining more accessible locally. This mix can sustain renter reliance on multifamily housing near employment nodes, helping underpin retention while moderating near-term pricing power. Notably, the property’s 1982 vintage is older than the neighborhood’s average construction year (2000; rank 256 of 527 metro neighborhoods, top quartile nationally), indicating potential value-add and capex planning opportunities to enhance competitiveness against newer stock.
Safety indicators are mixed and should be monitored. Nationally, the neighborhood’s overall positioning trends modestly above average, and property-related incidents show a recent year-over-year decline. However, violent incident metrics show volatility, including a recent spike, and the area’s metro rank indicates relatively higher incident volume compared with parts of the Austin region (rank 126 among 527 metro neighborhoods). Owners typically mitigate risk with lighting, access control, and resident engagement aligned to local expectations.
Proximity to Austin’s corporate corridor supports workforce housing demand and commuting convenience for residents, with access to roles in insurance, technology, and consumer goods. The employers below reflect the nearest concentration likely to influence leasing and retention.
- Oracle Waterfront — technology offices (25.9 miles)
- State Farm Insurance — insurance (25.9 miles)
- Whole Foods Market — corporate offices (28.1 miles) — HQ
- New York Life — financial services (34.3 miles)
- Airgas — industrial gases (35.2 miles)
1200 Meadow Park offers durable workforce demand supported by a renter-occupied base and neighborhood occupancy near the low-90s. The 1982 vintage presents value‑add potential and targeted capex opportunities that can strengthen positioning versus the neighborhood’s newer average stock. Demographic trends within a 3‑mile radius—rising household counts and smaller household sizes—point to an expanding renter pool that can support occupancy stability and measured rent growth over time.
According to CRE market data from WDSuite, local rents have advanced in recent years and are expected to continue at a more moderate pace, while essential amenities are present and destination retail is thinner. This profile favors cost‑conscious renters with commute ties to the Austin corridor; prudent renovations and operating discipline can translate that demand into steady cash flow, while acknowledging variability in safety indicators and the need for ongoing asset management.
- Occupancy near the low-90s and a stable renter base support leasing durability
- 1982 vintage enables value‑add and capex plans to compete with newer stock
- 3‑mile household growth and smaller household sizes expand the renter pool
- Essential amenity access and proximity to Austin employers underpin workforce demand
- Risks: safety metric volatility and amenity-light submarket require active management