| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 86th | Best |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15750 Spectrum Dr, Addison, TX, 75001, US |
| Region / Metro | Addison |
| Year of Construction | 2007 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15750 Spectrum Dr Addison Multifamily Investment
Neighborhood fundamentals show steady renter demand and mid-cycle occupancy stability, according to WDSuite’s CRE market data. This Addison location benefits from a deep renter base and competitive positioning within the Dallas-Plano-Irving metro.
Addison’s Inner Suburb setting offers dense amenities that support leasing velocity and resident retention. Restaurant density ranks among the top Dallas-Plano-Irving neighborhoods (10th of 1,108) and sits in the 99th percentile nationally, with cafes and parks also testing high nationally. For investors, this concentration of daily needs and lifestyle options typically underpins consistent traffic and reduces marketing drag during turns.
The property’s 2007 vintage is newer than the neighborhood’s average construction year of 1998, providing a competitive edge versus older stock while still warranting periodic system refresh and modernization planning. Median home values in the area are elevated relative to many U.S. neighborhoods, which tends to reinforce reliance on multifamily housing and can support pricing power when paired with effective lease management.
Unit tenure points to a strong rental market: the neighborhood shows a high share of renter-occupied housing units, signaling depth in the tenant base and helping support occupancy stability. At the 3-mile radius, demographic statistics indicate ongoing population growth alongside a rising household count and slightly smaller average household size—conditions that typically expand the renter pool and sustain apartment demand.
Income levels in the immediate area are solid by national comparables, and rent-to-income metrics indicate moderate affordability pressure—an environment that can support retention while leaving room for targeted rent optimization. Overall neighborhood performance sits "A+" with top-tier amenity access and above-metro demographic positioning, based on CRE market data from WDSuite.
Safety trends are mixed but manageable for a Dallas-Plano-Irving inner suburb. The neighborhood ranks 421 of 1,108 metro neighborhoods for crime, which is competitive among Dallas-Plano-Irving neighborhoods and around the national midpoint by percentile. Year over year, both violent and property offense rates have declined, suggesting gradual improvement rather than a structural shift.
Investors should view safety as comparable to many established Dallas-area rental nodes, with monitoring warranted as part of ongoing asset management. Framing remains neighborhood-level rather than block-specific, and conditions can vary within short distances.
Nearby corporate offices provide a diversified white-collar employment base that supports weekday traffic and renter demand, led by semiconductors, energy infrastructure, and defense contractors noted below.
- Costco Regional Office — corporate offices (4.2 miles)
- Texas Instruments — semiconductors (5.3 miles) — HQ
- Texas Instruments South Campus — semiconductors (5.5 miles)
- General Dynamics — defense & aerospace offices (7.0 miles)
- Energy Transfer Equity — energy infrastructure (7.1 miles) — HQ
15750 Spectrum Dr stands in a top-performing Addison neighborhood with dense amenities, a high renter-occupied housing share, and leasing fundamentals that align with stable occupancy. The 2007 build is newer than local averages, offering relative competitiveness versus older stock while still inviting targeted modernization to enhance positioning. According to CRE market data from WDSuite, neighborhood rent levels and rent-to-income dynamics point to moderate affordability pressure, supporting tenant retention with measured pricing power.
Within a 3-mile radius, population and households have been increasing, with forecasts indicating additional household growth and smaller average household sizes—conditions that typically expand the renter base and support leasing stability. Elevated local home values for the region further sustain reliance on rental housing, while proximity to major employers in semiconductors, energy, and defense provides a steady white-collar commuter pool. Key risks include mid-pack national safety readings and sensitivity to broader corporate employment cycles, warranting disciplined operations and ongoing market monitoring.
- Amenity-dense Addison location supports traffic, retention, and occupancy stability
- 2007 vintage offers competitive positioning with targeted modernization upside
- Strong renter concentration and expanding 3-mile household base deepen tenant demand
- Elevated ownership costs in the area reinforce multifamily reliance and pricing power
- Risk: mid-pack national safety and exposure to corporate cycle require active asset management