| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 91st | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7620 Bishop Rd, Plano, TX, 75024, US |
| Region / Metro | Plano |
| Year of Construction | 2008 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7620 Bishop Rd, Plano Multifamily Investment Opportunity
Corporate adjacency and a deep renter base support durable demand in this Plano micro-market, according to WDSuite’s CRE market data.
Plano’s Inner Suburb location around 7620 Bishop Rd carries an A+ neighborhood rating and ranks among the metro’s top performers, a signal of strong fundamentals for cash-flow visibility and tenant retention. Within a 3-mile radius, population and household counts have expanded and are forecast to continue rising, pointing to ongoing renter pool expansion that supports occupancy stability over the long term.
Amenity access is a differentiator: restaurants and cafés register in the upper national percentiles, with strong coverage of pharmacies and childcare that enhances daily convenience for residents. The area’s limited park acreage is a known tradeoff; owners can mitigate with on-site amenities and programming to sustain appeal.
The neighborhood’s average construction year is 2016. With a 2008 vintage, the property is somewhat older than the competitive set, creating potential value-add through targeted interior refreshes and building systems updates to remain competitive against newer deliveries.
Tenure dynamics show a high share of renter-occupied housing units in the neighborhood, indicating depth in the multifamily tenant base. While the neighborhood’s occupancy rate trends below the metro median, elevated household incomes and a high-cost ownership market context reinforce reliance on rental housing and can support pricing power for well-positioned assets.
Demographic statistics are aggregated within a 3-mile radius. Rising incomes and continued household growth suggest more renters entering the market, which supports leasing velocity and renewal capture when paired with competitive finishes and amenities.
Safety conditions are competitive among Dallas–Plano–Irving neighborhoods, with recent year-over-year declines in both property and violent incidents. This directionally improving trend, based on WDSuite data, supports resident retention and broadens the prospective renter base without implying block-level outcomes.
As with any infill corporate district, underwriting should monitor trend direction relative to the metro’s 1,108 neighborhoods; current trajectory places the area slightly above national norms and favorable versus many nearby subareas.
A concentration of nearby corporate offices supports weekday population density, commute convenience, and multifamily leasing fundamentals. Key employers in close proximity include Alliance Data Systems, J.C. Penney, Hewlett Packard Enterprise, Yum China Holdings, and Dr Pepper Snapple Group.
- Alliance Data Systems — corporate offices (0.16 miles) — HQ
- J.C. Penney — corporate offices (0.63 miles) — HQ
- Hewlett Packard Enterprise — corporate offices (0.65 miles)
- Yum China Holdings — corporate offices (0.96 miles) — HQ
- Dr Pepper Snapple Group — corporate offices (1.01 miles) — HQ
This 80-unit, 2008-vintage asset sits within a top-ranked Plano neighborhood anchored by major employers and strong amenity density. A high-cost ownership market and expanding 3-mile renter base support demand, while the property’s slightly older vintage offers value-add potential through targeted renovations to maintain competitiveness versus newer stock.
According to CRE market data from WDSuite, the neighborhood shows improving safety trends and robust consumer amenity access, both supportive of retention. While neighborhood occupancy trails the metro median, income depth and corporate adjacency help underpin leasing, with execution hinging on finish levels, operations, and pricing discipline.
- Corporate hub location near multiple HQs supports steady renter demand
- High-cost ownership context reinforces reliance on multifamily housing and pricing power
- Demographic growth within 3 miles expands the tenant base and supports occupancy
- 2008 vintage presents renovation and operational upside versus newer competitive stock
- Risks: neighborhood occupancy below metro median and limited nearby park space require proactive amenity and leasing strategy