| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 43rd | Fair |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1810 Belt Line Rd, Garland, TX, 75044, US |
| Region / Metro | Garland |
| Year of Construction | 1976 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1810 Belt Line Rd Garland TX Multifamily Investment
Neighborhood occupancy is strong and historically resilient for this inner suburb, supporting income stability according to WDSuite’s CRE market data.
Located in Garland’s inner-suburban fabric of the Dallas–Plano–Irving metro, the neighborhood carries a B rating and ranks 445 out of 1,108 metro neighborhoods—above the metro median, per WDSuite. Parks and outdoor access are a relative strength (nationally around the mid‑80s percentile), with restaurants also competitive versus national norms. By contrast, cafes and pharmacies are thinner locally, which may modestly impact walkable convenience but is typical for drive‑oriented suburban settings.
For multifamily demand, neighborhood occupancy trends sit in the top quartile nationally and are competitive among Dallas–Plano–Irving neighborhoods (rank 342 of 1,108), indicating durable renter demand and steady lease-up potential. The share of housing units that are renter‑occupied sits around the mid‑30s percent, providing a meaningful but not saturated renter base that can support absorption while helping limit volatility during new supply cycles.
Within a 3‑mile radius, population and households have expanded over the past five years, with forecasts pointing to additional population growth and a larger household base ahead. This broadens the tenant funnel and supports occupancy stability. Median home values in the neighborhood track below many coastal markets, which, combined with a rent‑to‑income profile around one‑fifth, suggests manageable affordability pressure that can aid retention and measured pricing power rather than aggressive turnover.
The asset’s 1976 vintage is older than the neighborhood’s average construction year (1988), which implies potential capital planning and value‑add opportunities. Strategic renovations and systems updates can reposition units against a mix of newer and mid‑vintage stock, capturing renter preferences while sustaining competitive performance.
Safety metrics for the neighborhood are broadly in line with metro averages and competitive among Dallas–Plano–Irving neighborhoods (crime rank 348 out of 1,108). Nationally, the area trends near the middle of the pack. Recent year‑over‑year estimates indicate declining property and violent offense rates, which signals an improving trend rather than a deterioration.
For underwriting, this typically supports stable renter demand in an inner‑suburban context. Still, investors should assess property‑level measures and recent local trends as part of routine diligence, as safety can vary within small geographies.
Nearby advanced manufacturing and technology employers underpin a sizeable commuter base and support renter retention through steady white‑ and blue‑collar employment, including Thermo Fisher Scientific, Avnet Electronics, General Dynamics, Raytheon, and Texas Instruments South Campus.
- Thermo Fisher Scientific — life sciences (3.1 miles)
- Avnet Electronics — electronics distribution (3.4 miles)
- General Dynamics — defense & aerospace offices (3.5 miles)
- Raytheon — defense & aerospace (4.4 miles)
- Texas Instruments South Campus — semiconductor operations (6.1 miles)
This 112‑unit asset benefits from inner‑suburban fundamentals where neighborhood occupancy trends are competitive in the Dallas–Plano–Irving metro and top quartile nationally. Within a 3‑mile radius, recent and projected growth in population and households points to a larger tenant base over the medium term, supporting leasing stability and renewal potential. According to CRE market data from WDSuite, neighborhood rents and incomes indicate manageable affordability pressure, which can aid retention without relying on outsized concessions.
Built in 1976, the property is older than the neighborhood’s average vintage, suggesting pragmatic capital planning alongside value‑add potential through unit modernization and system upgrades. Amenity access favors parks and restaurants, while schools trend near national midpoints—factors that together position the asset for stable workforce and family demand with selective repositioning upside.
- Strong neighborhood occupancy supports income durability and steady lease-up
- Growing 3‑mile renter pool underpins demand and renewal prospects
- 1976 vintage offers value‑add potential via targeted renovations and system updates
- Parks and restaurant access bolster livability; schools around national median
- Risks: older systems may require near‑term capex; limited cafe/pharmacy density could temper walkability