| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 87th | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6901 Hansell Rd, Plano, TX, 75024, US |
| Region / Metro | Plano |
| Year of Construction | 2006 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6901 Hansell Rd Plano 66-Unit Multifamily Investment
Neighborhood occupancy trends sit in the low-90s, suggesting steady leasing fundamentals in this Plano submarket, according to WDSuite’s CRE market data. With a renter-heavy nearby housing base and strong household incomes, demand depth supports small-format units and stable absorption.
Located in suburban Plano within the Dallas–Plano–Irving metro, the neighborhood rates A- (ranked 180 of 1,108 metro neighborhoods), placing it above the metro median and signaling solid livability for renters and investors. The property’s 2006 vintage is slightly newer than the neighborhood’s average construction year of 2004, which can provide a competitive edge versus older stock while still leaving room for targeted modernization to support rent positioning and operating efficiency.
Amenity access is anchored by strong grocery and dining density (both in the 90th-plus national percentiles), while parks, pharmacies, and cafes are less concentrated in the immediate micro-area. For investors, this mix points to daily convenience that supports retention, even if lifestyle amenities may be more node-based rather than evenly distributed.
Renter demand appears durable: within a 3-mile radius, approximately two-thirds of housing units are renter-occupied, indicating a deep tenant base and reinforcing leasing stability for multifamily assets. Neighborhood-level occupancy is reported at 91.6% (neighborhood metric), consistent with steady absorption rather than rapid churn. Median contract rents benchmark in the upper tier nationally (around the 77th percentile), supporting achievable pricing power while requiring ongoing lease management around affordability.
Demographic trends within a 3-mile radius show population growth over the past five years and further expansion projected by 2028. Households are increasing faster than population, with a modest decline in average household size—factors that typically expand the renter pool and sustain demand for smaller floor plans. High median incomes in the area enhance rent coverage and can support renewal momentum, based on CRE market data from WDSuite.
Safety indicators are mixed but generally around the national middle. Overall crime levels benchmark slightly better than the national average (mid-50s percentile), while violent and property offense rates track closer to lower national percentiles. Notably, property offenses show a sharp one-year improvement trend (among the stronger declines nationally), which investors can monitor as a supportive signal for tenant retention and leasing.
Within the Dallas–Plano–Irving metro context, the neighborhood compares competitively, and recent momentum in property-crime reductions may reinforce perception of stability over time. As always, investors should focus on multi-period trends rather than single-year snapshots when underwriting.
The location sits amid a dense corporate corridor that supports a sizable white-collar workforce and short commutes for renters. Key nearby employers include Hewlett Packard Enterprise, Alliance Data Systems, Yum China, J.C. Penney, and Dr Pepper Snapple Group.
- Hewlett Packard Enterprise — corporate offices (0.35 miles)
- Alliance Data Systems — corporate offices (0.62 miles) — HQ
- Yum China Holdings — corporate offices (0.87 miles) — HQ
- J.C. Penney — corporate offices (0.88 miles) — HQ
- Dr Pepper Snapple Group — corporate offices (0.95 miles) — HQ
This 66-unit asset built in 2006 benefits from steady neighborhood occupancy in the low-90s and a renter-heavy nearby housing base, supporting day-one demand and renewal visibility. The vintage is slightly newer than local averages, offering competitive positioning versus older stock, while targeted updates can unlock value-add upside. Within a 3-mile radius, household growth and shrinking household sizes point to a larger tenant base for smaller floor plans—well aligned with the property’s compact average unit size—while high local incomes bolster rent coverage. According to CRE market data from WDSuite, local rent benchmarks sit in the upper tier nationally, underscoring pricing potential when paired with disciplined lease management.
Key considerations include mixed-but-improving safety indicators and uneven amenity distribution beyond grocery and dining nodes. Prudent underwriting should account for ongoing capital planning to modernize systems as the asset seasons, and for retention strategies calibrated to area affordability and commuting patterns.
- Stable neighborhood occupancy and deep nearby renter base support leasing durability
- 2006 vintage offers relative competitiveness with scope for targeted value-add
- Household growth and smaller household sizes expand the renter pool for small-format units
- Proximity to major employers underpins demand and retention potential
- Risks: mixed safety metrics and amenity concentration beyond grocery/dining require careful lease and capex strategy