| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1920 Robinson Rd Grand Prairie Multifamily Investment
Positioned in an inner-suburban pocket of Grand Prairie with steady renter demand, this 80-unit 2004 asset competes well against older local stock, according to WDSuite’s CRE market data. Neighborhood occupancy trends are softer than metro norms, so underwriting should prioritize leasing efficiency and retention.
The property sits in an Inner Suburb of the Dallas–Plano–Irving metro with a mixed amenity profile. Restaurants and pharmacies are reasonably accessible relative to nearby areas, while cafes, parks, and groceries are thinner locally. Average school ratings near 3.0 out of five place the neighborhood modestly above national norms for public school quality, which can support family-oriented renter appeal.
Vintage matters for competitiveness: the submarket’s average construction year is 1988, while this asset’s 2004 build gives it a relative edge versus older inventory. That positioning can reduce near-term functional obsolescence risk and improve curb appeal, though investors should still plan for system updates typical of early-2000s product.
Renter concentration in the neighborhood is high (renter-occupied share near the top decile nationally), pointing to a deep tenant base for multifamily owners. However, neighborhood occupancy is below both metro and national midpoints, signaling the need for disciplined leasing, targeted concessions, and asset-specific value propositions to sustain absorption.
Demographic statistics aggregated within a 3-mile radius show flat population but growth in household counts and rising incomes over the last five years, with forecasts indicating additional household expansion and a higher renter share by 2028. This pattern typically broadens the tenant pool and can support occupancy stability and rent trade-outs if management stays focused on affordability and unit quality. Elevated home values relative to incomes in the neighborhood (high national percentile for value-to-income) suggest a high-cost ownership market that tends to sustain multifamily demand and lease retention.
Safety indicators for the neighborhood trend below national averages, with both violent and property offense levels comparing unfavorably to peers nationwide. Within the Dallas–Plano–Irving metro’s 1,108 neighborhoods, the area performs below the metro midpoint for overall crime exposure, so investors should budget for security-forward operations and resident engagement.
On a positive note, year-over-year estimates indicate declining incident rates for both violent and property offenses, suggesting gradual improvement. Owners can lean on visibility, lighting, and partnership with local public safety resources to support resident satisfaction and leasing stability while monitoring trends over time.
Proximity to major corporate offices underpins a broad employment base and commuter convenience that can support leasing and retention. Nearby employers include Express Scripts, American Airlines Group, Kimberly-Clark, Celanese, and Xerox.
- Express Scripts — pharmacy benefit management (7.5 miles)
- American Airlines Group — airline HQ and corporate (7.8 miles) — HQ
- Kimberly-Clark — consumer products corporate (11.4 miles) — HQ
- Celanese — chemicals corporate (11.6 miles) — HQ
- Xerox — business services offices (12.4 miles)
This 80-unit community, built in 2004, offers a competitive vintage relative to the neighborhood’s older stock, reducing near-term functional risk while preserving value-add optionality through interior upgrades and modernization. Household growth within a 3-mile radius and rising incomes point to a larger tenant base over time, while a high renter-occupied share in the immediate neighborhood supports demand depth even as local occupancy trends run softer than metro averages.
Elevated ownership costs in the neighborhood context tend to reinforce reliance on rentals, which can aid retention and pricing discipline when paired with thoughtful lease management. According to commercial real estate analysis from WDSuite, underwriting should assume steady demand supported by nearby employment nodes and plan for security-forward operations and targeted concessions where needed.
- 2004 vintage competes well versus older neighborhood stock, with clear modernization and value-add pathways.
- High renter concentration and nearby corporate employment support a deep tenant base and leasing velocity.
- Household growth and rising incomes within 3 miles expand the renter pool and support occupancy stability.
- Risks: below-median neighborhood occupancy and safety metrics require proactive security measures and disciplined leasing.