| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 57th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3901 Kirkpatrick Ln, Flower Mound, TX, 75028, US |
| Region / Metro | Flower Mound |
| Year of Construction | 2005 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3901 Kirkpatrick Ln, Flower Mound TX Multifamily
Neighborhood occupancy is high with solid renter demand, according to WDSuites CRE market data, suggesting stable leasing conditions for a 117-unit asset in an inner-suburban location.
Flower Mounds inner-suburban setting offers strong operating fundamentals for multifamily. Neighborhood occupancy is elevated (top quartile nationally) and ranks above the metro median among 1,108 DallasPlanoIrving neighborhoods, supporting rent collections and lease stability at the submarket level. The areas renter-occupied share is moderate, indicating a meaningful tenant base while still competing with ownership options.
Daily needs are well-covered: grocery and pharmacy access benchmark in the upper national percentiles, while cafes and parks are thinner locally. School ratings trend below national midpoints, which some renters may weigh against the convenience and newer housing stock common to this part of Denton County.
Within a 3-mile radius, household counts have increased over the past five years and are projected to expand further, with smaller average household sizes over time. This points to a larger renter pool and steady absorption potential that can support occupancy over a multi-year hold. Median household incomes are high for the region, and a rent-to-income profile near the neighborhood median suggests manageable affordability pressure from an investor perspective, aiding retention and renewal strategies.
The assets 2005 vintage is slightly older than the neighborhoods average construction year. That positioning can create value-add opportunity through unit and systems modernization to remain competitive against newer deliveries while leveraging the areas strong occupancy profile.
Safety indicators for the neighborhood sit below national medians, based on WDSuites CRE market data. Violent and property offense measures benchmark in lower national percentiles, so investors should underwrite with conservative assumptions and consider on-site security, lighting, and design features that support resident comfort.
Recent year-over-year estimates indicate an uptick in reported property and violent offenses at the neighborhood level. While these are area-wide signals rather than property-specific, monitoring police blotter trends, community programs, and management practices remains prudent for lease-up and renewal planning.
Proximity to diversified employers supports commuter convenience and broad renter demand, with nearby roles spanning medical devices, business services, retail headquarters, energy, and engineering.
- Stryker medical devices (3.2 miles)
- Xerox Corporation business services (3.9 miles)
- Michaels Cos. retail HQ & corporate (9.1 miles) HQ
- Gamestop video game retail corporate (9.7 miles) HQ
- Vistra Energy energy (10.7 miles) HQ
This 117-unit, 2005-vintage property in Flower Mound is positioned in a neighborhood with high occupancy and strong income profiles, supporting durable demand. The asset is slightly older than the local average stock, creating potential to capture value through selective renovations while competing effectively against newer deliveries. According to CRE market data from WDSuite, the areas occupancy benchmarks in the top quartile nationally and sits above the metro median, reinforcing a case for stable cash flows when paired with disciplined expense and capital planning.
Within a 3-mile radius, households have grown and are projected to expand further, with smaller household sizes pointing to a broader renter pool over time. Ownership costs remain elevated for many households relative to incomes, which can sustain reliance on rental housing and aid retention, even as schools trend below national midpoints and certain amenities (like parks and cafes) are less dense. Safety indicators are below national medians, warranting pragmatic underwriting and proactive property management.
- High neighborhood occupancy and above-metro positioning support leasing stability
- 2005 vintage offers value-add potential through modernization to compete with newer stock
- 3-mile household growth and strong incomes expand the tenant base and support pricing power
- Amenity coverage is strong for daily needs (grocery, pharmacy), offset by thinner parks/cafes
- Risks: below-median safety signals and school ratings; underwrite security and demand resiliency