| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 39th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Deats Rd, Dickinson, TX, 77539, US |
| Region / Metro | Dickinson |
| Year of Construction | 1974 |
| Units | 69 |
| Transaction Date | 2008-02-08 |
| Transaction Price | $1,800,000 |
| Buyer | CRUSADER DICKINSON PINES LLC |
| Seller | INVESTA ASSET 01 LLC |
600 Deats Rd, Dickinson TX Multifamily Investment
Positioned in a suburban pocket of the Houston MSA, this 1974 vintage asset offers value-add potential with demand supported by expanding households within a 3-mile radius, according to WDSuite s CRE market data. Neighborhood rents remain accessible relative to incomes, which can aid lease retention and occupancy management.
This suburban neighborhood in the Houston The Woodlands Sugar Land metro carries a B rating and ranks 560th among 1,491 metro neighborhoods, placing it above the metro median. Amenity access compares well nationally, with restaurants, parks, and pharmacies scoring in the upper national quartiles a practical plus for renter appeal and day-to-day livability.
Within a 3-mile radius, population has grown and households have expanded materially over the last five years, with additional growth projected. That trajectory points to a larger tenant base and supports leasing durability for workforce and middle-income renters. Median household incomes are healthy in the 3-mile area, and neighborhood rent-to-income metrics indicate manageable affordability pressure a positive for renewal rates and pricing discipline.
The property s 1974 construction is older than the neighborhood s average vintage (1981). For investors, that typically means planning for capital improvements and targeted renovations to keep pace with newer competitive stock; it also creates potential to drive NOI through unit and systems upgrades where feasible.
Home values in the neighborhood sit near national mid-range levels while the value-to-income relationship trends higher nationally, which often sustains reliance on rental options and can support consistent demand for multifamily units. School quality in the area trails national norms, which may temper family-oriented demand, but proximity to everyday amenities and employment centers helps offset some of that effect for adult and workforce renter segments.
Safety indicators are mixed but improving. The neighborhood sits around the 64th percentile for safety nationally for overall crime, suggesting comparatively favorable conditions versus many U.S. neighborhoods. Property offenses are around national mid-range with a notable year-over-year decrease, and violent incident rates trail nationwide benchmarks but have shown meaningful improvement over the past year. For underwriting, this points to a trend that is moving in the right direction while still warranting routine security and lighting best practices.
Nearby employers anchor a diverse workforce base that supports renter demand and commute convenience, including Boeing, Dish Network, Calpine Turbine Maintenance Group, Air Products, and Waste Management.
- Boeing: Bay Area Building aerospace & engineering offices (9.5 miles)
- Dish Network telecommunications services (9.9 miles)
- Calpine Turbine Maintenance Group energy services (10.3 miles)
- Air Products industrial gases & engineering (21.1 miles)
- Waste Management environmental services (27.0 miles) HQ
600 Deats Rd offers a suburban Houston MSA value-add play: a 1974 vintage, garden-style asset in a B-rated neighborhood with solid amenity access. Within a 3-mile radius, population growth and a faster increase in households point to a larger tenant base ahead, while accessible rents relative to incomes support retention and occupancy stability. Based on commercial real estate analysis from WDSuite, the area s ownership costs and amenity mix help sustain multifamily demand even as renters weigh alternatives.
Key considerations include the older vintage which argues for targeted renovations to remain competitive and neighborhood metrics that call for disciplined leasing strategies. Safety trends show improvement and everyday convenience is strong, but weaker school ratings and below-median neighborhood occupancy suggest prudent underwriting and active asset management.
- Suburban Houston location with B-rated neighborhood and strong everyday amenities supporting renter appeal.
- 3-mile population and household growth indicate a larger tenant base and support for lease-up and renewals.
- 1974 vintage creates clear value-add potential via unit, common area, and systems upgrades.
- Rent-to-income dynamics favor retention and pricing discipline, aiding NOI stability over time.
- Risks: below-median neighborhood occupancy and weaker school ratings require active leasing and asset management.