| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 49th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Danville Rd, Kilgore, TX, 75662, US |
| Region / Metro | Kilgore |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Danville Rd, Kilgore TX Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by top-quartile amenities and a low rent-to-income profile, according to WDSuite’s CRE market data. Focus is on submarket-level stability rather than rapid growth, with potential to outperform as the tenant base expands.
Livability indicators around 500 Danville Rd show practical conveniences for residents. Grocery and pharmacy access rank in the better tier of the Longview metro (ranks 20 and 19 out of 130), placing the area above the metro median for daily-needs access, while parks presence is competitive (rank 12 out of 130, top quartile). Cafés are sparse and restaurants sit near the middle of the pack, so retail/dining depth is serviceable rather than a key draw. These are neighborhood-level statistics and do not represent property operations.
The submarket skews owner-heavy, with renter-occupied housing units representing roughly a quarter of stock within a 3-mile radius. WDSuite data also indicate the neighborhood’s renter share is lower than many urban areas but is expected to rise by 2028, which would modestly deepen the tenant base for multifamily. For investors, this suggests demand is present but may be more relationship-driven, with leasing traction supported by commute convenience and daily-needs access rather than entertainment density.
Home values sit below national medians for many markets (neighborhood median value rank is in the lower national percentiles), and the rent-to-income ratio is in a high national percentile, implying limited affordability pressure for renters. In practice, that can support retention and payment durability, though lower ownership costs may create some competition with entry-level single-family options. Rent growth has been steady and is projected to continue at a measured pace.
The property’s 2002 vintage is newer than the neighborhood’s average construction year (1984), which provides a competitive edge versus older stock. Investors should still plan for targeted modernization of building systems and finishes to sustain leasing velocity and capture value-add upside as local incomes rise. Neighborhood occupancy trends have been softer than national norms recently, so asset-level execution and management discipline remain important to maintain stability.
Comparable neighborhood safety metrics for this location are not available in the current WDSuite dataset, so no metro rank or national percentile is cited. Investors should evaluate recent city and county reports and engage local property management to understand block-level patterns and any trend shifts that could influence leasing and retention.
Employment access is anchored by regional distribution and corporate operations reachable within a short drive, which supports workforce housing demand and lease retention. Notable nearby employer includes:
- Sysco — foodservice distribution (7.5 miles)
This 20-unit asset built in 2002 offers relative competitiveness versus older neighborhood stock while maintaining access to everyday amenities that support renter convenience. Neighborhood occupancy has tracked below national averages, but household incomes are rising and the 3-mile radius shows projected population and household expansion, pointing to a larger tenant base and improved leasing depth. According to CRE market data from WDSuite, the area’s rent-to-income ratio is favorable, which can aid retention and provide measured pricing power.
The submarket remains more owner-oriented, suggesting measured but durable multifamily demand. That tilt, combined with modest amenity density, implies that performance will be driven by hands-on operations, targeted renovations, and competitive positioning on value and convenience. Forward indicators—household growth and income gains—provide a constructive backdrop for stable cash flow with prudent risk management.
- 2002 vintage positions the asset competitively versus older local stock with selective value-add potential
- Daily-needs access (grocery/pharmacy/parks in top metro tiers) supports leasing and retention
- Favorable rent-to-income dynamics suggest retention strength and disciplined pricing runway
- Demographic outlook within 3 miles indicates renter pool expansion and income growth
- Risks: below-national neighborhood occupancy and an owner-heavy housing mix require strong property-level execution