| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 51st | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Pecan Crossing Dr, Desoto, TX, 75115, US |
| Region / Metro | Desoto |
| Year of Construction | 1983 |
| Units | 88 |
| Transaction Date | 2010-11-09 |
| Transaction Price | $3,450,000 |
| Buyer | SOUTH POINT PARTNERS OF TEXAS LLC |
| Seller | CGCMT 2006-C5 PECAN CROSSING DRIVE APART |
1000 Pecan Crossing Dr Desoto Multifamily Investment Outlook
Neighborhood renter demand is supported by strong daily-needs access and growing nearby households, according to WDSuite’s CRE market data, though occupancy has softened and will require focused leasing to stabilize.
Located in an inner-suburban pocket of the Dallas–Plano–Irving metro, the neighborhood scores a B and ranks 417 of 1,108 metro neighborhoods — competitive among Dallas–Plano–Irving neighborhoods. Daily-needs access is a relative strength, with grocery and pharmacy density above national norms, while parks and cafés are thinner, shaping a convenience-oriented but not lifestyle-centric setting for renters.
The local multifamily backdrop shows a neighborhood occupancy near the high‑80s with a five‑year downtick, signaling the need for active leasing and renewal management. Renter concentration sits around the mid‑40% share of housing units being renter‑occupied, indicating a meaningful tenant base that can support absorption, especially for well‑managed workforce product.
Within a 3‑mile radius, population and household counts have increased over the past five years, and projections indicate additional household growth alongside smaller average household sizes. For investors, this points to a gradually expanding renter pool and support for occupancy stability, even as competitive supply or turnover dynamics may influence near‑term leasing.
Home values in the area are elevated relative to local incomes (high national percentile for value‑to‑income), which tends to reinforce reliance on multifamily rentals. At the same time, rents track as comparatively manageable relative to incomes (low national percentile rent‑to‑income), a combination that can aid renewal rates and reduce pricing friction. The property’s 1983 vintage is slightly older than the neighborhood average construction year, suggesting potential value‑add and capital planning opportunities to improve competitive positioning against newer stock.
Safety indicators are mixed. Overall crime levels benchmark roughly around the national middle, yet the neighborhood’s metro rank (321 of 1,108) indicates higher crime relative to many Dallas–Plano–Irving neighborhoods. For investors, positioning and on‑site practices remain important to resident perception and retention.
Trend signals are constructive: recent data show notable year‑over‑year declines in both property and violent offenses, placing the area in stronger improvement percentiles nationally. While levels in certain categories remain below national safety percentiles, continued improvements can support leasing narratives when paired with on‑site security and community engagement.
Proximity to major corporate headquarters and offices underpins a broad employment base that supports renter demand and commute convenience for residents, including roles across telecom, healthcare, engineering, building materials, and energy.
- AT&T — telecom HQ (11.96 miles) — HQ
- Tenet Healthcare — healthcare HQ (12.30 miles) — HQ
- Jacobs Engineering Group — engineering HQ (12.32 miles) — HQ
- Builders FirstSource — building materials HQ (12.38 miles) — HQ
- HollyFrontier — energy HQ (12.93 miles) — HQ
This 88‑unit, 1983‑vintage property aligns with steady, needs‑based renter demand supported by strong nearby grocery and pharmacy access and a growing 3‑mile household base. According to CRE market data from WDSuite, the neighborhood is competitive within the metro but has experienced softer occupancy, making hands‑on leasing, renewals, and targeted value‑add a clear path to strengthening performance.
Ownership costs remain comparatively high versus incomes while rents are manageable relative to earnings, a mix that can support tenant retention and leasing velocity. The slightly older vintage offers room for operational and physical improvements to enhance positioning against newer product as household counts rise and average household sizes trend lower.
- Stable renter base with 3‑mile household growth supporting demand
- Daily‑needs retail (grocery/pharmacy) strength aids leasing and retention
- 1983 vintage presents value‑add and capital planning opportunities
- Rent levels relatively manageable versus incomes, supporting renewal potential
- Risks: recent occupancy softness and mixed safety metrics require proactive management