| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 50th | Fair |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7795 McCallum Blvd, Dallas, TX, 75252, US |
| Region / Metro | Dallas |
| Year of Construction | 1985 |
| Units | 55 |
| Transaction Date | 2015-02-03 |
| Transaction Price | $1,637,500 |
| Buyer | CGRE1 LLC |
| Seller | BLUESPRINGS TDM APARTMENTS LLC |
7795 McCallum Blvd, Dallas TX Multifamily Investment
Neighborhood renter concentration is high and ownership costs are elevated, supporting a durable tenant base according to WDSuite’s CRE market data.
Located in Dallas Plano Irving, this Urban Core neighborhood shows a deep pool of renter-occupied housing (neighborhood renter concentration ranks in the top decile nationally), which supports multifamily demand and day-to-day leasing. By contrast, neighborhood occupancy has trended below national norms in recent years; investors should underwrite to conservative lease-up and retention assumptions while focusing on operations that stabilize occupancy at the asset level.
Local amenities are mixed: grocery access is strong (national top decile), and restaurants are competitive versus peers nationwide, while parks, cafes, and childcare are sparse in the immediate area. Average school scores in the neighborhood are below the national median, which can influence family-oriented demand but has less impact on studios and one-bedrooms.
Home values in the neighborhood are elevated relative to incomes (value-to-income sits in the national top decile), creating a high-cost ownership market. For multifamily, this dynamic typically sustains renter reliance on apartments and can support pricing power when paired with effective leasing and renewal strategies.
The property s 1985 vintage is slightly newer than the neighborhood s average 1982 construction, offering relative competitiveness versus older stock. Still, systems are approaching mid-life for many components, which points to targeted capital planning and renovation as potential levers for value-add returns.
Demographic statistics aggregated within a 3-mile radius indicate modest recent population growth with a projected expansion in both population and households over the next five years. This points to a larger tenant base and supports occupancy stability for well-managed assets. Median household incomes in the 3-mile area are solid and trending upward, and rents are projected to rise, reinforcing revenue growth potential for quality units.
Safety conditions in the neighborhood track below national norms, with crime measures sitting in the lower national percentiles compared with neighborhoods nationwide. Recent year-over-year estimates indicate an uptick in both property and violent offenses, so investors should budget for security-minded design, lighting, and site management, and benchmark insurance and operating costs accordingly.
Compared with other Dallas Plano Irving neighborhoods, this area is not among the metro s top quartile for safety. Framing risk in context and underwriting to realistic operating practices can help mitigate volatility and support steady tenancy.
The area draws from a diversified corporate base that supports weekday traffic and a steady workforce renter pool, including defense and aerospace, retail operations, life sciences, and semiconductors.
- General Dynamics defense & aerospace offices (4.1 miles)
- Costco Regional Office retail operations (4.2 miles)
- Thermo Fisher Scientific life sciences (4.5 miles)
- Raytheon defense & aerospace (4.9 miles)
- Texas Instruments semiconductors (5.4 miles) HQ
This 55-unit asset built in 1985 sits within a renter-heavy neighborhood where elevated ownership costs sustain apartment demand, while the 3-mile trade area shows projected population and household growth that should expand the tenant base. Neighborhood occupancy trends have been softer than national levels, but rising incomes and forecast rent growth in the broader 3-mile area create a path for stabilized performance for professionally managed assets.
Targeted capital planning such as interior updates and building systems maintenance appropriate for a mid-1980s vintage can enhance competitiveness against older stock nearby. According to commercial real estate analysis from WDSuite, strong grocery access and proximity to major employers reinforce everyday convenience, aiding retention and leasing velocity.
- Renter-heavy neighborhood and high-cost ownership market support durable multifamily demand
- 3-mile outlook shows population and household growth, expanding the tenant base
- 1985 vintage allows value-add via targeted renovations and systems upgrades
- Strong grocery access and nearby employers aid retention and day-to-day leasing
- Risk: neighborhood occupancy softness and below-median safety warrant conservative underwriting and active management