| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 44th | Fair |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1007 Highway 82 W, Whitesboro, TX, 76273, US |
| Region / Metro | Whitesboro |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1007 Highway 82 W, Whitesboro TX Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by suburban fundamentals, according to WDSuite’s CRE market data, positioning this 24-unit asset for steady performance within the Sherman–Denison metro.
With a suburban profile and an A neighborhood rating, this location ranks 6 out of 50 within the Sherman–Denison metro, signaling competitive fundamentals relative to nearby submarkets. Neighborhood occupancy stands at 96.9% (ranked 5 of 50; top quartile nationally), a positive indicator for lease stability and pricing discipline for multifamily operators.
Renter-occupied housing accounts for 38.8% of units in the neighborhood (ranked 11 of 50; nationally above the 75th percentile), indicating a meaningful tenant base for small and midsize properties. Median contract rent in the neighborhood is $933, while the rent-to-income ratio of 0.16 suggests manageable affordability pressure that can support retention without overextending tenants.
Daily-needs access trends favor landlords: grocery and pharmacy availability rank 9th and 8th of 50, respectively—competitive among Sherman–Denison neighborhoods—while parks rank 7th of 50. School ratings are roughly mid-range (slightly above national median), which is serviceable for workforce households and can aid tenant retention even if not a primary leasing driver.
Demographic statistics aggregated within a 3-mile radius point to forward demand: households are projected to increase by roughly 23% by 2028, and the renter share is expected to rise toward the mid-40% range. This outlook, paired with forecast rent growth at the area level, implies a larger tenant base and supports occupancy stability for well-managed assets.
The property’s 1988 construction is slightly newer than the neighborhood’s average vintage (1984). Investors should plan for targeted capital improvements—common areas, unit interiors, and building systems—to enhance competitiveness versus older stock and capture value-add upside as demand deepens.
Comparable neighborhood-level safety metrics are not available in the current WDSuite dataset for this location. Investors typically benchmark incident trends against city and county reporting and validate with property-level operating history (e.g., turnover, delinquency, security line items) to contextualize risk relative to peer submarkets.
- Raytheon Company — defense & aerospace offices (34.9 miles)
- J.C. Penney — retail corporate (40.9 miles) — HQ
- Alliance Data Systems — marketing & payments (41.0 miles) — HQ
- Yum China Holdings — restaurant group corporate (41.4 miles) — HQ
- Dr Pepper Snapple Group — beverage corporate (41.5 miles) — HQ
Regional employment access is anchored by large corporate offices within commutable distance, supporting renter demand among households willing to trade longer drives for attainable rents. The list below reflects key employers relevant to the commuter shed.
This 24-unit asset benefits from a high-occupancy neighborhood (96.9%, ranking 5 of 50 in the metro) and a meaningful renter concentration that underpins a steady leasing base. Median contract rent and a 0.16 rent-to-income ratio indicate relatively manageable affordability pressure, supporting retention and measured rent growth. Based on CRE market data from WDSuite, daily-needs amenities (grocery, pharmacy, parks) are competitive within the metro, which helps stabilize demand for smaller properties.
Built in 1988, the property is slightly newer than the neighborhood average and presents pragmatic value-add potential via selective renovations and system refreshes. Three-mile projections show population and households expanding through 2028, with the renter pool widening—conditions that can reinforce occupancy and reduce lease-up risk for improved units. Key watch items include commute distances to major employers and mid-range school performance.
- High neighborhood occupancy and competitive amenity access support leasing stability
- Renter-occupied share provides depth for a 24-unit asset with attainable pricing
- 1988 vintage offers value-add upside through targeted interior and systems upgrades
- 3-mile demand outlook shows population and household growth, widening the tenant base
- Risks: longer commutes to major employers and mid-range schools may temper some demand