| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 51st | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Pecan Crossing Dr, Desoto, TX, 75115, US |
| Region / Metro | Desoto |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 2014-09-24 |
| Transaction Price | $995,000 |
| Buyer | 1021 CANYON OAKS APARTMENT LLC |
| Seller | SOUTH POINT PARTNERS OF TEXAS LLC |
1001 Pecan Crossing Dr, DeSoto TX Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of southern Dallas supports consistent leasing potential, according to WDSuite’s CRE market data, with value-add upside tied to asset positioning and neighborhood amenity access.
The property sits in an Inner Suburb area with a B neighborhood rating and is competitive among Dallas-Plano-Irving neighborhoods (417th of 1,108). Dining and daily-needs access are strengths: restaurant density ranks in the top quartile nationally, and grocery and pharmacy access also score in the top quartile, while park space and cafes are more limited. For investors, this mix points to convenience-driven leasing appeal rather than lifestyle/park adjacency.
Construction in the surrounding neighborhood skews to the mid-1980s on average. With a 1983 vintage, this asset is slightly older than nearby stock, suggesting thoughtful capital planning can unlock value-add returns through exterior refreshes, interior finishes, and systems modernization that sharpen competitive positioning against newer alternatives.
Within a 3-mile radius, households have expanded over the past five years and are projected to continue increasing even as population trends remain roughly flat, indicating smaller household sizes and a broader leasing pool. The renter-occupied share sits below a majority threshold (roughly two-fifths), which signals a mixed-tenure area that still offers depth for multifamily leasing while also implying some competition from ownership options.
Neighborhood multifamily occupancy tracks below the metro’s highest-performing submarkets, but a relatively balanced rent-to-income profile and elevated ownership costs locally (value-to-income ratios in the top quartile nationally) support renter reliance on multifamily housing and help sustain retention. These dynamics, when paired with disciplined operations and targeted renovations, can stabilize performance over time. This perspective is grounded in commercial real estate analysis from WDSuite, and is intended to guide multifamily property research rather than serve as a forecast.
Safety indicators in the immediate neighborhood are near the national midrange, with conditions generally comparable to the broader Dallas-Plano-Irving region. Recent data show year-over-year declines in both property and violent offense rates, which is a constructive directional signal for investors monitoring trend risk and resident retention.
At the metro level, the neighborhood’s crime standing aligns close to median performance among Dallas-area neighborhoods (1,108 total), reinforcing a risk profile that should be underwritten as moderate, with attention to lighting, access control, and community engagement to support leasing and renewal outcomes.
Proximity to several major corporate headquarters and offices in central Dallas underpins a diversified employment base and commute convenience for residents. Notable nearby employers include AT&T, Tenet Healthcare, Jacobs Engineering Group, Builders FirstSource, and HollyFrontier.
- AT&T — telecom HQ (12.0 miles) — HQ
- Tenet Healthcare — healthcare HQ (12.4 miles) — HQ
- Jacobs Engineering Group — engineering & professional services HQ (12.4 miles) — HQ
- Builders Firstsource — building materials HQ (12.5 miles) — HQ
- Hollyfrontier — energy & refining HQ (13.0 miles) — HQ
Built in 1983 with 40 units, the property offers a clear value-add angle relative to the mid-1980s neighborhood average. Targeted renovations and systems updates can elevate competitive standing in a submarket where amenity access is strong and ownership costs are comparatively high versus incomes, supporting renter reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy trends are below top-performing Dallas submarkets, so underwriting should emphasize operational execution and retention management.
Within a 3-mile radius, households have grown and are projected to expand further even as population remains roughly stable, indicating smaller household sizes and a broader tenant base over time. A mixed renter-occupied share points to steady demand with some ownership competition; measured rent positioning and resident experience investments can support occupancy stability and pricing power without overreliance on aggressive lease trade-outs.
- 1983 vintage creates value-add potential via interior and systems modernization
- Strong daily-needs and dining access supports leasing velocity and renewal odds
- Household growth within 3 miles expands the tenant base even with flat population
- Elevated ownership costs reinforce multifamily demand and retention potential
- Risk: neighborhood occupancy trails top Dallas submarkets — plan for active leasing and resident retention