| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 39th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3206 Lobit Dr, Dickinson, TX, 77539, US |
| Region / Metro | Dickinson |
| Year of Construction | 1972 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3206 Lobit Dr Dickinson TX Multifamily Investment
Steady suburban fundamentals with a growing 3-mile renter pool suggest durable leasing potential, according to WDSuite’s commercial real estate analysis. Neighborhood occupancy is below national norms, but demand is supported by relative rent-to-income affordability and ongoing household growth.
Located in a suburban pocket of the Houston-The Woodlands-Sugar Land metro, the neighborhood carries a B rating and ranks 560 out of 1,491 metro neighborhoods, making it competitive among Houston-The Woodlands-Sugar Land neighborhoods. Amenity access is a relative strength: pharmacies, parks, restaurants, and cafes score in the mid-to-upper national percentiles, providing daily convenience that supports renter retention and leasing velocity, based on CRE market data from WDSuite.
The property’s vintage is 1972, earlier than the neighborhood’s average construction year (1981). For investors, this typically points to value-add and capital planning opportunities to modernize systems and interiors, improving competitive positioning against newer stock while targeting measurable rent premiums with disciplined underwriting.
Neighborhood-level occupancy trends sit below national averages (19th percentile nationally), indicating lease-up risk but also potential upside through focused operations. At the same time, the share of renter-occupied housing units in the neighborhood is roughly one-quarter today and projected to rise toward one-third within a 3-mile radius, expanding the tenant base and supporting absorption over the medium term.
Within a 3-mile radius, population and household counts have increased and are projected to continue growing, which implies a larger tenant base and supports occupancy stability. Home values sit around mid-range nationally with a higher value-to-income ratio versus many areas (upper-third nationally), which can reinforce reliance on multifamily rentals and help pricing power. School quality averages are weaker (bottom quintile nationally), an important consideration for family-oriented renter demand and positioning.
Neighborhood safety signals are mixed but improving. Overall crime compares favorably to many U.S. neighborhoods (above-average national safety percentile), while violent offense measures track weaker than national norms. Notably, both violent and property offense rates show strong year-over-year improvement, with declines that outperformed most neighborhoods nationwide, according to WDSuite’s CRE market data.
At the metro level, the area’s safety profile is better than a number of Houston-area peers but varies by category. Investors should underwrite with recent trend data and property-specific security measures rather than relying on block-level assumptions.
Proximity to aerospace, telecommunications, power services, and industrial gases employers underpins workforce housing demand and commute convenience for renters near the property. The list below highlights nearby corporate offices that can support leasing stability.
- Boeing: Bay Area Building — aerospace (9.5 miles)
- Dish Network — telecommunications (10.0 miles)
- Calpine Turbine Maintenance Group — power services (10.3 miles)
- Air Products — industrial gases (21.1 miles)
- Waste Management — environmental services (27.0 miles) — HQ
3206 Lobit Dr totals 57 units in a suburban Galveston County location with amenity depth and expanding demand within a 3-mile radius. While neighborhood occupancy benchmarks are below national norms, population and household growth point to a larger tenant base and improving absorption potential. According to CRE market data from WDSuite, rent-to-income levels are relatively manageable locally, supporting retention and measured pricing power even as ownership costs trend higher than many areas nationally.
Built in 1972, the asset is positioned for value-add execution and targeted capital planning to compete with newer stock. Investors can focus on interior upgrades, energy and systems modernization, and operational improvements aimed at stabilizing occupancy and capturing rent premiums, while remaining mindful of family-demand sensitivities given below-average school ratings.
- Expanding 3-mile renter pool and household growth support long-term demand and occupancy stability.
- Relative rent-to-income affordability provides retention support and room for disciplined rent optimization.
- 1972 vintage offers clear value-add and systems modernization pathways to enhance competitiveness.
- Amenity access in a competitive Houston-area neighborhood aids leasing and renewal performance.
- Risks: below-average neighborhood occupancy and weaker school ratings warrant conservative lease-up and family-demand assumptions.