| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 86th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1720 N Plano Rd, Richardson, TX, 75081, US |
| Region / Metro | Richardson |
| Year of Construction | 1985 |
| Units | 83 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1720 N Plano Rd, Richardson TX Investment Property
Positioned in an inner-suburban pocket of Richardson with strong employer access, the neighborhood shows durable renter demand and income depth, according to WDSuite’s CRE market data. One clear takeaway for investors is steady pricing power relative to the metro, supported by neighborhood-level rents that trend above many Dallas submarkets.
The property sits in an Inner Suburb setting that ranks in the top quartile among 1,108 Dallas–Plano–Irving neighborhoods on overall neighborhood quality (A+), per WDSuite. Amenity access is competitive, with parks, childcare, restaurants, and daily-needs retail density that compares favorably to both the metro and many U.S. neighborhoods. These factors support resident convenience and leasing velocity.
Neighborhood-level rent metrics trend above national averages (neighborhood median contract rent is higher than many areas), which can translate into pricing power when operations are executed well. This is a neighborhood statistic, not specific to the property. At the same time, neighborhood occupancy sits below the national median, so operators should prioritize leasing and retention strategies to sustain performance against nearby competition.
Within a 3-mile radius, demographics show a larger tenant base today and continued expansion ahead. Recent years reflect population growth and a meaningful increase in households, and projections indicate further population gains alongside household growth, which implies a larger renter pool over time. Income growth within this radius has also been solid, reinforcing the ability to support rent levels without overextending affordability.
Tenure within a 3-mile radius is balanced, with a substantial share of housing units renter-occupied. This balance supports a deep tenant base for multifamily, while homeownership options nearby introduce some competition that operators should monitor during lease-ups and renewals.
Safety indicators for the neighborhood are comparatively favorable. Based on WDSuite’s data, overall crime ranks in the top quartile among 1,108 Dallas–Plano–Irving neighborhoods and sits above the national median for safety. Property and violent offense measures are also strong on a national basis (top quartile), with year-over-year trends showing modest improvement. As always, investors should evaluate property-level security practices and monitor submarket trends over time.
- General Dynamics — defense & aerospace offices (0.22 miles)
- Thermo Fisher Scientific — life sciences offices (0.55 miles)
- Raytheon — defense & aerospace offices (2.30 miles)
- Avnet Electronics — electronics distribution offices (2.76 miles)
- Texas Instruments South Campus — semiconductor offices (4.90 miles)
Nearby corporate nodes create a dense employment base that supports renter demand and commute convenience, particularly across defense/aerospace and technology. The list below highlights five proximate employers that can influence leasing and retention.
This 1985 asset offers a value-add and capital-planning opportunity in a Richardson neighborhood that scores competitively within the Dallas–Plano–Irving metro. Neighborhood-level rents trend higher than many U.S. areas, while the 3-mile radius shows population growth, rising household counts, and income gains—factors that expand the tenant base and can support occupancy stability and rent integrity over time.
According to CRE market data from WDSuite, neighborhood safety compares well at the metro level and sits above national medians, which can aid resident retention. While neighborhood occupancy trails the national median—implying more active leasing management—balanced tenure within a 3-mile radius and proximity to major employers underpin durable demand. The combination points to steady operations with potential renovation upside and targeted expense control to lift NOI.
- Value-add potential from a 1985 vintage with room for modernization and selective CapEx
- Expanding 3-mile renter pool and solid income growth support pricing and retention
- Proximity to defense, life sciences, and semiconductor employers bolsters leasing
- Neighborhood safety metrics compare favorably versus metro and national benchmarks
- Risk: neighborhood occupancy below national median requires focused leasing and renewal strategy