| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Deats Rd, Dickinson, TX, 77539, US |
| Region / Metro | Dickinson |
| Year of Construction | 1985 |
| Units | 108 |
| Transaction Date | 2010-09-01 |
| Transaction Price | $3,040,000 |
| Buyer | Bayou Dickinson LLC |
| Seller | Apcar Investment Partners |
110 Deats Rd Dickinson Multifamily Value-Add Opportunity
Neighborhood occupancy signals tight renter demand and rent-to-income trends point to retention potential, according to WDSuite’s CRE market data.
Positioned in the Houston-The Woodlands-Sugar Land metro, the surrounding neighborhood carries an A- rating and ranks 280 out of 1,491 metro neighborhoods—placing it in the top quartile locally for overall fundamentals. Neighborhood occupancy is reported at the high end of the metro (ranked 1 of 1,491), a constructive indicator for stability at comparable assets, per WDSuite.
Daily needs are well served by pharmacies (around the 90th percentile nationally) and a solid mix of restaurants (upper 70s percentile), with grocery access near the mid-60s percentile. Park space and cafes are limited, reflecting a suburban profile that prioritizes neighborhood-serving retail over destination amenities.
The renter-occupied share sits near 27% of housing units, indicating a moderate renter concentration that supports depth of the tenant base without excessive turnover. Median neighborhood contract rents trend around the mid-$1,200s while the rent-to-income ratio near 0.13 suggests manageable affordability pressure—supportive of lease retention and steady collections. Home values trend above national midpoints; combined with a value-to-income ratio that is not stretched, ownership can be competitive in this submarket, an important consideration for pricing power and renewal strategy.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue growing through 2028, pointing to a larger tenant base and ongoing demand for rental units. This demand outlook is consistent with multifamily property research from WDSuite that highlights suburban household expansion as a driver of occupancy stability.
Relative to the Houston metro, the neighborhood’s crime rank falls near the safer end (150 out of 1,491), and it compares favorably nationwide at roughly the 70th percentile—indicating better-than-average safety conditions versus many U.S. neighborhoods.
Recent trend data shows notable year-over-year declines in both violent and property offenses, with improvement metrics placing the area among the stronger improvers nationally. Overall levels track around the national middle, but the directionality is constructive for resident retention and long-term leasing stability.
Nearby employers in telecom, aerospace, energy services, industrial gases, and environmental services support broad workforce housing demand and commuting convenience. Key nodes include Dish Network, Boeing: Bay Area Building, Calpine Turbine Maintenance Group, Air Products, and Waste Management.
- Dish Network — telecom services (9.6 miles)
- Boeing: Bay Area Building — aerospace offices (9.7 miles)
- Calpine Turbine Maintenance Group — energy services (10.5 miles)
- Air Products — industrial gases (21.4 miles)
- Waste Management — environmental services (27.0 miles) — HQ
With 108 units and a 1985 vintage, the asset offers scale and a credible value-add path in a suburban submarket where neighborhood occupancy trends are exceptionally tight. According to CRE market data from WDSuite, the surrounding area shows strong relative standing within the metro and rent-to-income dynamics that support lease retention, while the property’s earlier vintage versus the local 2000s-era average underscores the importance of capital planning and renovation to remain competitive.
Within a 3-mile radius, population and households have grown and are projected to continue expanding through 2028, indicating a larger tenant base and more renters entering the market. This growth, paired with moderate renter concentration and a high-cost ownership context relative to incomes, supports demand for multifamily units; key risks include competition from ownership options and the submarket’s limited park/cafe amenities.
- Tight neighborhood occupancy and manageable rent-to-income support pricing resilience and retention
- 1985 vintage creates value-add and systems-upgrade avenues to enhance NOI
- 3-mile demographic growth points to a larger tenant base and steady leasing
- Risks: potential competition from ownership options and limited lifestyle amenities