| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 13th | Poor |
| Amenities | 27th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 E Frio St, Pearsall, TX, 78061, US |
| Region / Metro | Pearsall |
| Year of Construction | 1984 |
| Units | 63 |
| Transaction Date | 2016-07-15 |
| Transaction Price | $102,500 |
| Buyer | REYES EUGENIO SEGOVIA |
| Seller | VENTURE NAFTA FREEWAY JOINT |
1200 E Frio St, Pearsall TX Multifamily Investment
Neighborhood occupancy is strong and renter demand is meaningful for this 63-unit asset, according to WDSuite’s CRE market data. Investors should underwrite steady tenancy with attention to value-add potential given the 1984 vintage.
The neighborhood posts a 94.6% occupancy rate; as a neighborhood metric (not the property), this places it in the top quartile among 7 Pearsall metro neighborhoods and above many areas nationally. For investors, that backdrop supports leasing stability and lowers the bar for maintaining occupancy through routine turns and renewals.
Renter concentration at the neighborhood level is 48.5% of housing units being renter-occupied, ranking competitively among 7 Pearsall neighborhoods and landing in a high national percentile. This depth of renter households suggests a durable tenant base for multifamily assets and can support renewal rates and marketing efficiency.
The property was built in 1984, while the neighborhood s average construction year skews newer (1999). Being older than nearby stock often implies thoughtful capital planning: exterior and systems upgrades can sharpen competitive positioning and unlock value-add lease premiums relative to similar Class B workforce housing.
Within a 3-mile radius, recent population and household growth, along with projections through 2028, point to a larger tenant base over time. A downward drift in average household size in the same radius can translate to more households seeking rental options, supporting occupancy stability for well-managed properties.
Ownership costs in the neighborhood test lower relative to many U.S. areas, which can introduce some competition with entry-level ownership. Even so, rent-to-income metrics sit near mid-range nationally, indicating balanced affordability pressure that supports resident retention and measured pricing power. Local amenity density (caf e9s, restaurants, pharmacies) is lighter than urban cores, so properties that offer on-site conveniences and ample parking can outperform peers on leasing and resident satisfaction.
Neighborhood-level safety benchmarks are not available for this location in WDSuite 19s current release. Investors should evaluate city and county trendlines alongside property-specific measures (lighting, access control, and visibility) and compare to peer neighborhoods in the Pearsall metro for a consistent underwriting framework.
As with any workforce-oriented asset, lease management and community standards remain practical tools to support resident experience and reduce turnover risk regardless of broader regional statistics.
This 63-unit asset at 1200 E Frio St benefits from a neighborhood backdrop of strong occupancy and a solid share of renter-occupied housing units, indicating a supportive demand base for multifamily. Based on CRE market data from WDSuite, the area 19s occupancy performance ranks among the stronger pockets of the Pearsall metro, while rent-to-income dynamics suggest balanced affordability pressure that can aid renewal rates. The 1984 vintage points to potential value-add through targeted renovations and systems modernization to stay competitive versus newer nearby stock.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, implying a larger renter pool and support for lease-up and retention. While ownership remains relatively accessible in the neighborhood context, properties that focus on livability, on-site conveniences, and efficient unit finishes can maintain pricing power and limit concessions.
- Neighborhood occupancy strength supports leasing stability versus broader markets.
- High renter-occupied share signals a durable tenant base and marketing efficiency.
- 1984 vintage creates value-add and capex planning opportunities to compete with newer stock.
- 3-mile population and household growth expand the renter pool, aiding retention over time.
- Risk: lighter amenity density and accessible ownership options can temper rent growth without targeted property improvements.