| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 16th | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1207 High Grove Dr, Garland, TX, 75041, US |
| Region / Metro | Garland |
| Year of Construction | 2003 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1207 High Grove Dr Garland Multifamily Investment
2003 vintage and a renter-oriented neighborhood support stable leasing potential, according to WDSuite’s CRE market data. Grocery access is strong locally while parks and cafes are limited, suggesting demand drivers skew toward everyday convenience rather than lifestyle amenities.
Situated in Garland’s inner-suburban fabric, the property benefits from practical neighborhood fundamentals. Grocery access is a relative strength (competitive concentration across the area), while parks, pharmacies, childcare, and cafes are sparse. For investors, this mix points to steady, needs-based renter demand with fewer lifestyle-driven premiums.
Neighborhood occupancy is reported around the low-90s for nearby stock, a level that typically supports income stability without signaling overheated conditions. The share of housing units that are renter-occupied in the immediate neighborhood is in the mid‑50% range, indicating a sizable tenant base and supporting leasing depth for workforce-oriented multifamily.
Within a 3-mile radius, demographics show slightly lower population in recent years but a modest increase in households, implying smaller household sizes and a gradual expansion of the renter pool. Forecasts indicate additional household growth by 2028, which would enlarge the local tenant base and help sustain occupancy. Median contract rents in the 3-mile area have risen over the past five years, and rent levels relative to incomes appear manageable, which can aid retention and reduce turnover risk.
Construction in the subject’s neighborhood skews older than 2003 on average, positioning this asset as newer than much of the surrounding stock. That relative vintage can support competitive leasing and modest pricing power versus 1990s-era properties, while still warranting selective capital planning for mid‑life systems and common-area refresh.
Recent trends indicate notable declines in both property and violent offense estimates over the last year in the surrounding neighborhood, based on WDSuite’s CRE market data. While safety conditions can vary by block and time of day, the directional improvement is a constructive signal for long‑term leasing and resident retention.
Investors should incorporate standard risk management steps—such as lighting, access control, and partnership with local community resources—while monitoring ongoing trend data at the neighborhood level rather than relying on isolated incidents.
Nearby employers span homebuilding, life sciences, semiconductors, and defense, supporting a diverse commuter base and helping underpin renter demand for workforce housing in Garland.
- D.R. Horton, America's Builder — homebuilding (3.3 miles)
- Thermo Fisher Scientific — life sciences (7.2 miles)
- Texas Instruments South Campus — semiconductors (8.2 miles)
- Texas Instruments — semiconductors (8.5 miles) — HQ
- Raytheon — defense & aerospace offices (8.8 miles)
1207 High Grove Dr is a 2003-built, 32‑unit asset positioned in a pragmatic, grocery-served pocket of Garland. The neighborhood shows a sizable renter concentration and occupancy around the low‑90% range for nearby properties, suggesting a stable tenant base. Within a 3‑mile radius, households have grown and are projected to expand further by 2028, indicating a larger renter pool that supports leasing continuity. According to CRE market data from WDSuite, rent levels relative to incomes appear manageable locally, which can aid retention and steady cash flow management.
The 2003 vintage is newer than much of the surrounding stock, offering competitive positioning versus older 1990s assets, while selective mid‑life capital planning (systems, exteriors, common areas) can unlock value. Limited park and cafe density means demand is driven more by everyday convenience and employment access than lifestyle amenities—an alignment that tends to favor consistent, needs-based occupancy in this submarket context.
- Newer 2003 vintage relative to area stock supports competitive leasing
- Neighborhood renter concentration and low‑90% occupancy support income stability
- 3‑mile household growth and forecasts point to a larger tenant base by 2028
- Everyday convenience drivers (strong grocery access) over lifestyle amenities align with workforce demand
- Risks: limited park/cafe density, slight population softening, and potential competition from entry‑level ownership