| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 76th | Best |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 151 Commerce Green Blvd, Sugar Land, TX, 77478, US |
| Region / Metro | Sugar Land |
| Year of Construction | 1995 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
151 Commerce Green Blvd Sugar Land Multifamily Investment
Stable neighborhood occupancy and high-income demographics support renter demand, according to WDSuite’s CRE market data, with pricing power reinforced by elevated home values in Sugar Land.
Sugar Land’s suburban setting around 151 Commerce Green Blvd offers strong everyday convenience: restaurants and grocery access benchmark above national medians, while parks and childcare are comparatively limited. For investors, this mix tends to favor working households that prioritize commute efficiency and retail proximity over recreation-oriented amenities.
Neighborhood occupancy is 93.9% (neighborhood metric, not the property), trending modestly higher over five years, which supports income durability. Median home values in the area sit at higher levels relative to national norms, a high-cost ownership context that typically sustains reliance on multifamily housing and helps support rent collections and lease retention.
Renter-occupied share in the immediate neighborhood is low (15.4%), indicating a primarily owner-occupied pocket; however, within a 3-mile radius the renter concentration is materially deeper (38.9%), providing a broader tenant pool for leasing. Household incomes in the 3-mile radius are high on average and have grown over the past five years, reinforcing the depth of qualified renters and potential for steady absorption.
Contract rents in the neighborhood and the broader 3-mile area have grown over the last five years, with WDSuite indicating continued momentum ahead. This aligns with what multifamily property research often highlights in high-income suburban nodes: a combination of limited for-sale affordability and steady employment access that can underpin rent growth and occupancy stability.
Vintage context: the property’s 1995 construction compares to a neighborhood average vintage near 2000. Older stock can warrant targeted capital planning (exteriors, interiors, systems), while also presenting value-add potential to compete against slightly newer comparables.
Safety signals are favorable in a broader context. Violent-offense conditions benchmark in the top quartile nationally, and overall crime sits above the national median, indicating comparatively supportive conditions for resident retention and leasing. Property-offense measures also compare well versus national norms. These indicators are directional and reflect the neighborhood and region, not block-level conditions, and should be paired with on-the-ground diligence over multiple dayparts.
Nearby corporate offices and headquarters expand the professional employment base and support renter demand through commute convenience. Key employers include Texas Instruments, National Oilwell Varco (and its employees credit union), ABM’s shared services, and Phillips 66.
- Texas Instruments — semiconductors (3.9 miles)
- National Oilwell Varco Employees CU — financial services (5.7 miles)
- National Oilwell Varco — energy equipment (5.7 miles) — HQ
- Abm SSC — business services (5.7 miles)
- Phillips 66 — energy (8.6 miles) — HQ
This 70-unit, 1995-vintage asset sits in an A-rated suburban neighborhood where occupancy is steady and home values remain elevated versus national benchmarks. The mix of high household incomes and a broader 3-mile renter pool supports leasing depth, while rent levels have shown multi-year growth with forecasts pointing to continued demand. The 1995 vintage suggests targeted value-add and systems planning can enhance competitive positioning against slightly newer stock.
Based on commercial real estate analysis from WDSuite, neighborhood NOI-per-unit benchmarks are among the stronger cohorts in the Houston metro, and violent-crime conditions compare favorably on a national basis — both supportive of retention and collections. Key risks include a lower renter-occupied share in the immediate neighborhood and limited park/childcare density, which place a premium on targeted marketing and amenity programming.
- High-income suburban node with steady neighborhood occupancy supporting income durability
- Broader 3-mile area offers a deeper renter pool to support leasing and retention
- 1995 vintage presents value-add and capital planning opportunities to sharpen competitiveness
- Employer base nearby (TI, NOV, Phillips 66) underpins demand through commute convenience
- Risks: lower immediate renter concentration and limited parks/childcare density may require focused tenant targeting