| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 15th | Poor |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 516 Laredo St, Navasota, TX, 77868, US |
| Region / Metro | Navasota |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
516 Laredo St, Navasota TX Multifamily Investment
Renter-occupied share in the neighborhood sits in the top quartile locally with competitive occupancy, according to WDSuite’s CRE market data, supporting depth of tenant demand and steady leasing. This positioning aligns with workforce renters seeking value in a smaller Texas market.
The neighborhood surrounding 516 Laredo St earns an A- rating and ranks 5th among 18 Grimes County neighborhoods, indicating competitive fundamentals for a smaller market. Occupancy is competitive among Grimes County neighborhoods, and the renter-occupied share is top quartile locally, which supports a stable tenant base and leasing durability for multifamily assets.
Everyday amenities trend favorable for a compact market: grocery access and parks density rank at the top locally, while restaurants compare above national midrange. Cafes and pharmacies are limited in the immediate area, so residents may rely on nearby corridors for certain services. For investors, this mix points to reliable daily-needs access with some convenience gaps to underwrite.
Within a 3-mile radius, incomes skew modest versus national norms and home values remain comparatively accessible. In practice, this can create competition from ownership options, but lower asking rents and a manageable rent-to-income profile help sustain rental demand and support retention. Investors should expect steady workforce renter interest with pricing calibrated to value.
School ratings average below national medians in this neighborhood, which may weigh on family-driven leasing in some unit mixes. However, the broader amenity balance and renter concentration indicate continued relevance for workforce multifamily, based on CRE market data from WDSuite.
Comparable safety data for this neighborhood are not available in the current WDSuite dataset, so no metro rank or national percentile can be cited. Investors should review multiple sources, including local law enforcement updates and recent trend reports, to contextualize on-the-ground conditions and align underwriting assumptions.
Regional employment anchors within commuting reach include energy and healthcare corporate offices. Their presence supports a diversified employment base that can reinforce renter demand for workforce housing.
- National Oilwell Varco — energy equipment (40.1 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology services (41.4 miles)
- McKesson Specialty Health — healthcare services (41.5 miles)
- Anadarko Petroleum — energy (41.6 miles) — HQ
This 48-unit asset is positioned in a neighborhood with competitive occupancy and a top-quartile renter-occupied share among 18 Grimes County neighborhoods, signaling a durable tenant base and steady leasing. Lower relative asking rents and a manageable rent-to-income profile suggest support for retention and consistent cash flow, while accessible home values imply some competition with ownership that can be managed through value-focused positioning. According to CRE market data from WDSuite, amenity access is led by grocery and parks, with limited cafes and pharmacies—an underwriting consideration rather than a structural constraint.
The area functions as workforce housing with commuting access to larger employment centers, which helps broaden the renter pool. School quality scores trail national norms, so unit mix and marketing should target segments less sensitive to school ratings. Overall, the thesis emphasizes dependable occupancy with value-oriented renters and measured upside through operational execution.
- Competitive occupancy and top-quartile renter concentration support leasing stability
- Lower relative rents and manageable rent-to-income profile aid retention
- Daily-needs amenities are strong (grocery, parks), offset by limited cafes/pharmacies
- Regional employers within commuting reach broaden the tenant base
- Risks: competition from ownership options and below-average school ratings