| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 85th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19019 Preston Rd, Dallas, TX, 75252, US |
| Region / Metro | Dallas |
| Year of Construction | 1993 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19019 Preston Rd Dallas Multifamily Investment
Positioned in a high-cost ownership pocket of North Dallas, the neighborhood’s renter-occupied presence and steady occupancy suggest resilient leasing fundamentals, according to WDSuite’s CRE market data. Investors screening North Dallas assets may find demand supported by strong household incomes and limited for-sale accessibility.
This Inner Suburb neighborhood rates A- (ranked 201 among 1,108 metro neighborhoods), signaling competitive fundamentals within the Dallas-Plano-Irving market. Neighborhood occupancy has trended upward over the last five years, supporting stable operations, while the local renter-occupied share indicates a sizable tenant base for multifamily. High median home values relative to incomes (88th percentile nationally) point to a high-cost ownership environment that tends to sustain renter reliance on multifamily housing and can bolster lease retention.
Amenities are mixed: restaurants per square mile index near the 75th national percentile and grocery access around the 73rd percentile support day-to-day convenience, though limited parks, pharmacies, and cafes locally mean some lifestyle needs are met by short drives. Compared with metro peers, these patterns are above the median for food-related access but thinner on recreational and third-place options—useful context for asset positioning and tenant experience management.
Demographics aggregated within a 3-mile radius show modest recent population growth with a forecast for further expansion and a growing number of households over the next five years, translating to a larger tenant base and support for occupancy stability. The area’s renter concentration (just over half of units renter-occupied within 3 miles) underscores demand depth, while strong median and mean household incomes expand the pool of rent-qualified prospects. For commercial real estate analysis, these demand drivers align with steady leasing potential rather than outsized volatility.
On pricing, neighborhood median contract rents sit above many national peers (mid-60s percentile nationally) and have risen over the last cycle, suggesting reasonable pricing power without being at extreme levels. With the average construction vintage locally near the early 1990s, competitive positioning typically hinges on targeted renovations, tenant amenities, and professional management rather than ground-up differentiation.
Safety trends compare favorably in context: the neighborhood’s crime standing is competitive among Dallas-Plano-Irving neighborhoods (ranked 98 of 1,108), and national positioning is above average (around the mid-60s percentile). Year-over-year estimates indicate notable declines in both violent and property offense rates, placing the area in stronger national percentiles for improvement. While block-level experiences vary, these metro and national comparisons suggest conditions supportive of renter retention and day-to-day operations.
Nearby corporate offices provide a broad white-collar employment base that supports leasing depth and commute convenience for residents, including Costco Regional Office, St Jude Medical, Hewlett Packard Enterprise, Dr Pepper Snapple Group, and Yum China Holdings.
- Costco Regional Office — corporate offices (2.3 miles)
- St Jude Medical — medical devices corporate offices (4.2 miles)
- Hewlett Packard Enterprise — technology corporate offices (4.7 miles)
- Dr Pepper Snapple Group — beverage corporate offices (4.8 miles) — HQ
- Yum China Holdings — restaurant group corporate offices (5.2 miles) — HQ
The property sits in a North Dallas neighborhood with stable occupancy and a sizable renter base, aided by elevated ownership costs nearby that tend to reinforce multifamily demand. Household incomes are strong relative to many markets, supporting rent qualification and helping mitigate turnover risk. According to CRE market data from WDSuite, neighborhood occupancy remains solid with positive five-year momentum, and national percentile comparisons show restaurant and grocery access supportive of daily living even as recreational amenities are thinner locally.
Forward-looking demographics within a 3-mile radius point to population growth and a meaningful increase in households, expanding the tenant pool and supporting ongoing leasing stability. Pricing sits above national midpoints without being top-of-market, suggesting room for disciplined revenue management alongside targeted operational improvements. Key considerations include comparatively limited park/cafe density and the potential for shifts in tenure toward ownership over time, which call for focused resident retention strategies and asset-level amenity differentiation.
- Stable neighborhood occupancy with positive five-year trend supports operating consistency.
- High-cost ownership market and strong local incomes reinforce multifamily renter demand and rent qualification.
- 3-mile radius demographics indicate population and household growth, enlarging the tenant base.
- Daily-needs access (restaurants/grocers) is supportive, while limited parks/cafes present an amenity positioning opportunity.
- Risk: potential gradual shift toward ownership and mixed amenity depth require proactive retention and asset differentiation.