| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 53rd | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 680 Castleglen Dr, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 2007 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
680 Castleglen Dr, Garland TX Multifamily Investment
Renter demand is supported by a high neighborhood renter concentration and solid amenity access, according to WDSuite’s CRE market data. For investors, the location points to durable leasing with room to compete on finishes and management.
Located in Garland’s inner suburbs of the Dallas-Plano-Irving metro, the neighborhood scores competitively among 1,108 metro neighborhoods on amenity access, with grocery, pharmacy, and dining density trending above national averages. Limited park space locally is a known gap, but daily convenience retail is a relative strength.
Multifamily fundamentals at the neighborhood level show a deep tenant base: the share of housing units that are renter-occupied is high relative to the metro and sits in the top national percentiles, signaling depth for leasing and renewals. Neighborhood occupancy is reported for the neighborhood (not the property) and sits below the metro median with some recent softening, suggesting the need for active leasing and retention strategies.
The property’s 2007 vintage is newer than the neighborhood average year built (1988). That relative youth can support competitive positioning versus older stock while still warranting targeted capital planning for mid-life systems and selective upgrades to capture value-add upside.
Within a 3-mile radius, demographics indicate steady population growth and an increase in households, supporting a larger tenant base over the next planning period. Median home values are moderate for the region, which can introduce some competition from ownership; however, rent levels relative to incomes appear manageable, which can aid lease retention and occupancy stability. These patterns align with multifamily property research from WDSuite and mirror broader Sun Belt dynamics of steady in-migration and diversified demand.
Safety conditions in the immediate neighborhood trail many Dallas-Plano-Irving peers, with overall safety metrics landing below national norms. Year-over-year trends are mixed: estimated property offense rates have improved, while violent offense indicators moved higher. These figures are neighborhood-level, not property-specific, and investors often account for them through security measures, resident screening, and partnership with local resources.
Comparatively, the area does not rank among the top half of the 1,108 metro neighborhoods for safety, but recent improvement in property crime provides a constructive directional signal to monitor. Underwriting should calibrate for prudent operating practices and potential insurance and security line items.
Proximity to established employers supports workforce housing demand and commute convenience, notably in homebuilding, semiconductors, life sciences, and defense—drivers that can underpin leasing and retention in this submarket.
- D.R. Horton, America's Builder — homebuilding offices (3.7 miles)
- Texas Instruments South Campus — semiconductors (10.4 miles)
- Thermo Fisher Scientific — life sciences (10.4 miles)
- Texas Instruments — semiconductors (10.7 miles) — HQ
- General Dynamics — defense & aerospace offices (11.0 miles)
This 40-unit, 2007-vintage asset sits in an inner-suburban Garland location with strong day-to-day amenities and a renter-occupied housing share that is high by national standards—factors that typically support leasing velocity and renewal depth. Neighborhood occupancy (not property-specific) has softened versus the metro median, so execution will matter; the asset’s newer vintage relative to local stock provides a lever to outperform nearby, older product through targeted upgrades and efficient operations.
Within a 3-mile radius, population growth and an increase in households point to a larger tenant base ahead, while rent levels relative to incomes suggest manageable affordability pressure that can aid retention, according to CRE market data from WDSuite. Offsetting considerations include below-median school ratings, limited park access, and safety metrics that trail the metro—each manageable with pragmatic capex, security, and service positioning.
- Newer 2007 construction versus older neighborhood stock supports competitive positioning and selective value-add
- High renter-occupied share indicates deep tenant base to support leasing and renewals
- Amenity-rich inner-suburban location with proximity to major employers underpins demand
- Manageable rent-to-income dynamics support retention and occupancy stability
- Risks: neighborhood occupancy softness, below-median school ratings, limited parks, and safety trends require active management