| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 66th | Good |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8660 Preston Trace Blvd, Frisco, TX, 75033, US |
| Region / Metro | Frisco |
| Year of Construction | 1976 |
| Units | 40 |
| Transaction Date | 2005-02-14 |
| Transaction Price | $1,924,800 |
| Buyer | PRESTON TRACE APARTMENTS OWNER LLC |
| Seller | HOUSING ASSOCIATES OF FRISCO LP |
8660 Preston Trace Blvd, Frisco TX Multifamily Investment
Neighborhood occupancy remains solid and renter demand is supported by high household incomes, according to WDSuite’s CRE market data, offering investors a basis for stable operations at the submarket level.
Frisco’s Inner Suburb location delivers a balanced mix of livability and investment fundamentals. Amenity access is competitive among Dallas-Plano-Irving neighborhoods (ranked 320 of 1,108), with strong park availability placing the area in the top quartile nationally, while grocery access trends above the national median. Walkable cafes and pharmacies are less dense, so most errands likely rely on short drives rather than immediate foot traffic.
Neighborhood renter demand appears durable: the area’s occupancy rate is competitive among Dallas-Plano-Irving neighborhoods (ranked 421 of 1,108), and median contract rent sits around $1,800 with a rent-to-income ratio near 0.13, suggesting room for rent levels without outsized retention risk. Public school quality trends modestly above the national median, which can support family-oriented leasing and longer resident tenures.
Within a 3-mile radius, population has expanded in recent years and households grew meaningfully, with WDSuite indicating further increases ahead—providing a larger tenant base for multifamily. Forecasts point to notable household growth over the next five years, which should support occupancy stability and leasing velocity for well-positioned assets.
Home values in the neighborhood are elevated (above the national median and in the upper national percentiles), which typically sustains rental demand by keeping ownership a high-cost option. The neighborhood’s renter-occupied share is moderate, indicating a meaningful pool of renters without oversaturation. The asset’s 1976 vintage is older than the neighborhood’s average construction year, creating potential value-add and capital planning opportunities to enhance competitiveness while targeting durable demand documented by WDSuite’s multifamily property research.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location. Investors typically contextualize risk using city and Dallas-Plano-Irving metro sources, property-level history, and trend comparisons over time to inform underwriting and on-site management planning.
Proximity to corporate offices supports a deep professional tenant base and commute convenience, led by Alliance Data Systems, J.C. Penney, Dr Pepper Snapple Group, Hewlett Packard Enterprise, and Yum China Holdings.
- Alliance Data Systems — corporate offices (5.3 miles) — HQ
- J.C. Penney — corporate offices (5.4 miles) — HQ
- Dr Pepper Snapple Group — corporate offices (5.6 miles) — HQ
- Hewlett Packard Enterprise — corporate offices (5.8 miles)
- Yum China Holdings — corporate offices (5.9 miles) — HQ
This 40-unit asset built in 1976 offers an older vintage relative to nearby stock, creating identifiable value-add and capital planning angles to improve finishes and systems. At the neighborhood level, occupancy trends are competitive within the Dallas-Plano-Irving metro and median rents are supported by high incomes and a manageable rent-to-income ratio, which can bolster retention and pricing discipline over time. According to commercial real estate analysis from WDSuite, elevated home values in the area also reinforce renter reliance on multifamily housing.
Within a 3-mile radius, population and household growth—projected to remain strong over the next five years—signal a larger tenant base and ongoing leasing depth. While immediate walkability to cafes and pharmacies is limited, the broader amenity set (notably parks and groceries) and access to major employers underpin demand for well-located, professionally managed multifamily assets.
- Competitive neighborhood occupancy and income profile support stable rent rolls
- 1976 vintage provides clear value-add and CapEx pathways to enhance competitiveness
- Household growth within 3 miles expands the renter pool and supports leasing velocity
- Elevated home values sustain renter demand and pricing power for quality units
- Risk: limited walkable cafe/pharmacy density requires amenity strategy and parking/drive-time convenience