| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 67th | Good |
| Amenities | 21st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 S Alabama St, Celina, TX, 75009, US |
| Region / Metro | Celina |
| Year of Construction | 2007 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 S Alabama St Celina Multifamily Opportunity
Neighborhood occupancy is steady and the 2007 vintage positions this asset as competitive versus older stock, according to WDSuite’s CRE market data. In a largely owner-oriented pocket of Collin County, investor focus is on stable leasing fundamentals and disciplined rent management.
Celina is a suburban location within the Dallas–Plano–Irving metro that skews owner-oriented and family-centric, with neighborhood conditions rated C and ranking 776 out of 1,108 metro neighborhoods — below the metro median. Amenities are developing: restaurants are comparatively available for a suburban area, while parks, cafes, and pharmacies are sparser, which can influence resident lifestyle expectations and drive-to-amenity patterns.
For investors, the neighborhood’s reported occupancy of 92.5% reflects stable utilization at the neighborhood level rather than this property’s performance. The renter concentration within a 3-mile radius is modest (data aggregated within a 3-mile radius), implying a thinner but durable tenant base where leasing stability hinges on product quality, management, and value positioning.
Demographics within a 3-mile radius point to ongoing population and household growth alongside rising incomes, supporting a larger tenant base over time and potential rent durability for well-maintained product. Median contract rents in the area have increased over the last five years, and home values sit in the mid range relative to national comparisons — a context where ownership is attainable for many households, meaning pricing strategy and resident retention programs matter for multifamily.
The property’s 2007 construction year is newer than the neighborhood’s average vintage (1993). This supports competitive positioning versus older buildings in the area, while still warranting mid-life capital planning for systems, common areas, and unit updates to sustain leasing performance and reduce turnover risk.
Safety metrics are mixed when viewed across scales. Within the Dallas–Plano–Irving metro, the neighborhood’s crime rank sits closer to the higher-crime cohort (rank 150 out of 1,108), signaling above-median exposure versus metro peers. Nationally, comparative indicators trend nearer to mid-range levels, and recent year-over-year estimates show declining property and violent offense rates, which investors often monitor as supportive of resident retention and leasing stability.
As always, investors should evaluate property-level security practices and block-level conditions during diligence, using neighborhood statistics as directional context rather than asset-specific guarantees.
Proximity to major employment nodes supports commuter convenience and renter demand, anchored by defense, retail headquarters, information technology, and beverage corporate offices noted below.
- Raytheon Company — defense & aerospace offices (11.3 miles)
- Alliance Data Systems — financial services (16.9 miles) — HQ
- J.C. Penney — retail headquarters (16.9 miles) — HQ
- AT&T Datacenter — information technology (17.1 miles)
- Dr Pepper Snapple Group — beverages (17.2 miles) — HQ
This 22-unit, 2007-built asset in Celina offers suburban exposure in Collin County with a tenant base supported by growth in population and households within a 3-mile radius. Based on CRE market data from WDSuite, neighborhood-level occupancy is steady and the property’s newer vintage can compete effectively against older stock, provided ownership executes mid-life upgrades that sustain leasing and retention.
The local housing landscape is more owner-oriented, so multifamily demand relies on product quality, management, and commuter access to nearby employers. Elevated household incomes and rising area rents point to rent durability for well-positioned units, while the relative accessibility of ownership underscores the need for disciplined pricing and resident experience to mitigate competition from for-sale housing.
- 2007 vintage offers competitive positioning versus older neighborhood stock, with clear mid-life value-add pathways
- Neighborhood-level occupancy indicates stable utilization, supporting leasing consistency for well-run assets
- Growing 3-mile population and household counts expand the tenant base and support rent durability
- Risk: lower renter concentration and accessible ownership options heighten the need for sharp pricing and resident retention