| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 39th | Fair |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1920 Robinson Rd, Grand Prairie, TX, 75051, US |
| Region / Metro | Grand Prairie |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | 2003-08-28 |
| Transaction Price | $562,500 |
| Buyer | OAK TIMBERS LP |
| Seller | PRAIRIE PLACE LLC |
1920 Robinson Rd Grand Prairie TX Multifamily Investment
2004-built, 80-unit asset in an inner-suburb location where renter concentration is high and ownership costs are elevated, according to WDSuite’s CRE market data. Expect steady renter demand, with leasing performance tied to hands-on operations and positioning against nearby Class B competitors.
Grand Prairie’s inner-suburb setting offers daily conveniences with restaurants present at a level comparable to many Dallas-Plano-Irving submarkets, while café, grocery, and park density is lighter within the immediate neighborhood. Pharmacies and childcare are comparatively available, which supports family-oriented renters and day-to-day livability.
Neighborhood renter-occupied share is high (59.8%), placing it in the top quartile nationally and indicating a deep tenant base. By contrast, neighborhood multifamily occupancy trends run below the national median, suggesting investors should prioritize leasing execution and thoughtful concessions strategy to maintain occupancy stability.
Within a 3-mile radius, households have grown over the past five years and are projected to expand meaningfully over the next five, pointing to a larger renter pool and support for absorption. Population has been roughly stable, while smaller average household sizes in the outlook imply more households forming and a wider base of prospective tenants.
Ownership costs in the neighborhood are high relative to incomes (value-to-income ratio ranks in the upper national tier), which tends to sustain reliance on rental housing and can support pricing power. Average school ratings sit modestly above the national median, offering a balanced draw for households with children. With a 2004 vintage against an area average year of 1988, this property is newer than much of the local stock, which can be competitive versus older assets; investors should still plan for mid-life system updates and selective renovations.
Safety outcomes in this neighborhood trail national averages (crime indicators sit in lower national percentiles), and performance is below the metro median compared with 1,108 Dallas-Plano-Irving neighborhoods. That said, both violent and property offense rates have declined year over year, indicating a constructive directional trend rather than a step-change. Investors should underwrite with conservative security and lighting plans and emphasize community standards as part of operations.
Proximity to major corporate employers supports a diverse commuter renter base and reinforces leasing durability, particularly for workforce and mid-income households. Notable nearby employers include Express Scripts, American Airlines Group, Kimberly-Clark, Celanese, and Xerox.
- Express Scripts — pharmacy benefit management (7.6 miles)
- American Airlines Group — airline HQ and operations (7.9 miles) — HQ
- Kimberly-Clark — consumer goods (11.5 miles) — HQ
- Celanese — specialty chemicals (11.7 miles) — HQ
- Xerox — business services (12.5 miles)
This 80-unit, 2004-vintage asset offers relative competitiveness versus older local stock while serving a neighborhood with a deep renter base. High renter-occupied share and household growth within a 3-mile radius point to durable multifamily demand and a broader tenant funnel. At the same time, neighborhood occupancy runs below national medians, making leasing and asset management the primary value drivers. Elevated ownership costs in the area reinforce renter reliance, supporting rent collections and retention when paired with pragmatic renewal strategies.
Based on commercial real estate analysis from WDSuite, nearby corporate employment nodes add commuter convenience, while forward projections show more households and rising incomes that can support rent growth over time. Investors should plan for mid-life capital items typical of a 2004 build and calibrate concessions to stabilize occupancy in a submarket with mixed amenity density.
- Deep renter base and projected household growth support absorption and occupancy stability
- 2004 vintage offers competitive positioning versus older stock with targeted value-add potential
- Elevated ownership costs sustain reliance on rentals, aiding pricing power and retention
- Proximity to major employers underpins commuter demand and leasing durability
- Risks: below-median neighborhood occupancy and lighter amenity density require active leasing and asset management