| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 45th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 High School Dr, Waxahachie, TX, 75165, US |
| Region / Metro | Waxahachie |
| Year of Construction | 1982 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 High School Dr Waxahachie Multifamily Value-Add
Neighborhood occupancy is solid and renter demand is supported by strong household growth, according to WDSuite’s CRE market data. With an older 1982 vintage relative to local stock, the asset presents potential for renovation-driven upside alongside stable suburban fundamentals.
Situated in an inner-suburb pocket of the Dallas–Plano–Irving metro (B+ neighborhood rating), the area shows above metro median stability, with neighborhood occupancy around the mid-90s and a renter-occupied share that is also above metro median. This supports depth of the tenant base and helps leasing consistency for multifamily assets.
Daily-life amenities are a clear strength. Grocery access ranks 38th of 1,108 metro neighborhoods and sits in the 97th percentile nationally; restaurants rank 140th of 1,108 (90th percentile). Cafes (213rd of 1,108; 82nd percentile) and childcare (179th of 1,108; 86th percentile) add convenience that can aid retention. Park and pharmacy counts rank last among 1,108 neighborhoods (0th percentile nationally), so residents may rely on nearby districts for those needs.
Schools in the neighborhood benchmark near the national midpoint (49th percentile), while housing fundamentals (66th percentile) and NOI per unit performance (61st percentile) compare favorably to many areas nationwide. Median rent levels in the neighborhood align with moderate rent-to-income ratios, which can support occupancy management and measured pricing power.
Demographic statistics aggregated within a 3-mile radius point to meaningful demand tailwinds: population and households have expanded over the last five years, with forecasts indicating further growth and a larger tenant base ahead. While ownership remains accessible relative to many coastal markets, elevated household formation and rising contract rents suggest sustained need for quality rental options—an insight grounded in commercial real estate analysis from WDSuite.
Comparable neighborhood crime metrics were not available in WDSuite for this location. Investors should benchmark property-level risk management (lighting, access control, visibility) against city and metro trends and monitor changes over time rather than relying on block-level assumptions.
Regional employment is anchored by major corporate headquarters in the Dallas core roughly 25–30 miles away, supporting commuter demand and leasing stability for workforce-oriented properties. The employers below reflect nearby HQ clusters that broaden the professional renter base.
- AT&T — telecommunications HQ (25.1 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (25.5 miles) — HQ
- Tenet Healthcare — healthcare services (25.5 miles) — HQ
- Builders Firstsource — building materials (25.6 miles) — HQ
- Hollyfrontier — energy & refining (26.1 miles) — HQ
This 32‑unit property, built in 1982, is older than the neighborhood’s average construction year and therefore lends itself to a targeted value‑add program. Select renovations and systems upgrades can sharpen competitiveness against newer suburban stock while leveraging neighborhood occupancy that trends above the metro median. Smaller average unit sizes may also align with price‑sensitive renters, supporting lease-up and retention if positioned thoughtfully.
Within a 3‑mile radius, population and household growth—along with rising median contract rents—indicate a larger renter pool and support for sustained occupancy. According to CRE market data from WDSuite, neighborhood rent-to-income levels remain moderate, offering room for disciplined revenue management, though investors should account for accessible ownership options and plan for ongoing capital needs tied to the asset’s vintage.
- Value-add potential: 1982 vintage creates scope for interior updates and building systems investment to enhance yield.
- Demand drivers: above-median neighborhood occupancy and a growing 3-mile renter base support leasing stability.
- Amenity convenience: strong grocery, dining, cafe, and childcare access aids retention despite limited parks/pharmacies in-neighborhood.
- Revenue management: moderate rent-to-income dynamics offer measured pricing power in line with suburban fundamentals.
- Key risks: accessible homeownership may compete for move-up renters, and older systems may require higher near-term capex.