| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 54th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 870 I-30, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
870 I-30 Mesquite, TX Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and near-median occupancy for the area, this 44-unit asset offers defensive cash-flow characteristics, according to WDSuite’s CRE market data.
The property sits in Mesquite’s inner-suburban fabric of the Dallas–Plano–Irving metro, where neighborhood quality is rated B+ and ranks 398 of 1,108 metro neighborhoods — competitive among Dallas–Plano–Irving neighborhoods. Grocery access is a local strength (95th percentile nationally) and pharmacies score well (83rd percentile), while cafes and parks are thinner, suggesting everyday conveniences outpace leisure amenities. Average public school ratings around 3.0/5 point to serviceable education options that compare above the national median, per WDSuite’s CRE market data.
Renter-occupied share in the neighborhood is elevated versus national norms (71st percentile), which typically supports a deeper tenant base for multifamily. At the same time, overall occupancy in the neighborhood tracks close to the national midpoint, indicating stable but competitive leasing dynamics for owners.
Within a 3-mile radius, population has grown in recent years and households have increased, expanding the potential renter pool. Projections call for further population growth and a notable rise in households alongside smaller average household sizes, which can translate into more renters entering the market and support occupancy stability.
Median home values in the neighborhood are in a mid-range context for the region, and rent-to-income metrics sit near national norms. Together, these conditions suggest rental housing remains a practical option for many households, aiding lease retention while still requiring disciplined pricing and lease management.
Safety conditions compare less favorably to many Dallas–Plano–Irving peers: the neighborhood’s overall crime rank is 775 out of 1,108 metro neighborhoods, placing it below the metro median. Nationally, indicators align with a lower safety percentile, particularly for property and violent offenses. However, property offense rates have improved year over year, signaling a constructive directional trend even as levels remain elevated, based on WDSuite’s CRE market data.
- D.R. Horton, America's Builder — homebuilding offices (4.8 miles)
- Texas Instruments South Campus — semiconductors (10.1 miles)
- Texas Instruments — semiconductors (10.3 miles) — HQ
- Thermo Fisher Scientific — life sciences (10.6 miles)
- Dean Foods — food & beverage (11.0 miles) — HQ
Nearby corporate employment anchors span homebuilding, semiconductors, life sciences, and food and beverage, supporting workforce housing demand and commute convenience for renters in this submarket.
Built in 1983, the asset is slightly older than the neighborhood’s average vintage, creating potential for targeted value-add and systems modernization to sharpen competitive positioning. Demand signals are constructive: a higher renter-occupied share locally supports tenant depth, neighborhood occupancy trends hover around national norms, and 3-mile population and household growth point to a gradually expanding renter base. According to CRE market data from WDSuite, everyday amenities (notably groceries and pharmacies) are a relative strength, while leisure amenities are thinner—implying solid convenience for residents but room to differentiate with on-site upgrades.
Ownership costs in the area sit in a moderate range and rent-to-income levels are manageable, a combination that can support retention but may limit outsized near-term pricing power. Crime remains a watch item versus metro peers, though recent property offense trends are improving. Overall, the thesis skews toward steady operations with value-add upside and disciplined leasing.
- Stable neighborhood occupancy and elevated renter concentration support demand durability.
- 1983 vintage offers value-add and capex-driven upside to enhance competitiveness.
- 3-mile population and household growth expand the tenant base, supporting leasing continuity.
- Everyday amenity strength (grocery, pharmacy) aids livability and resident retention.
- Risks: below-metro safety ranking and moderate pricing power require active management.