| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 64th | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16400 Buccaneer Ln, Houston, TX, 77062, US |
| Region / Metro | Houston |
| Year of Construction | 1979 |
| Units | 96 |
| Transaction Date | 2011-07-06 |
| Transaction Price | $47,500,000 |
| Buyer | AM BAY CREST LLC |
| Seller | CDPB BAY CREST LLC |
16400 Buccaneer Ln Houston Multifamily Opportunity
Neighborhood renter concentration sits just above half of housing units, supporting demand even as occupancy trends run below stronger submarkets, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Houston, the area shows a balanced renter base (renter-occupied share a little over half of housing units) that supports a stable tenant pipeline for mid-scale multifamily. Neighborhood occupancy is below national averages, signaling the need for hands-on leasing and renewals to drive consistency, but it also suggests room for managers who can differentiate on operations and unit quality.
Livability is anchored by everyday conveniences rather than destination retail. Grocery access rates high versus national peers, and childcare coverage is competitive among Houston neighborhoods, while cafes, parks, and pharmacies are comparatively sparse. For investors, that mix supports workforce housing demand with practical necessities nearby, even if lifestyle amenities are limited.
Within a 3-mile radius, recent trends show households growing while overall population edged down slightly, indicating smaller household sizes and a shift toward more, smaller households entering the renter pool. Forward-looking projections in the same 3-mile radius point to population growth and a notably larger increase in households, which would expand the local tenant base and can support occupancy stability for well-managed assets.
Home values in the neighborhood are lower than national medians, and median rents sit around mid-range benchmarks. Combined with a rent-to-income ratio that implies manageable affordability pressure, this landscape can support retention and steady leasing. However, more accessible ownership options in certain price bands can create competition for renters at renewal; operators should emphasize value, convenience, and upgraded finishes to sustain pricing power.
The 1979 vintage is slightly newer than the neighborhood’s average construction year, giving this property a relative edge over older stock. Targeted system upgrades and interior renovations can sharpen competitive positioning versus similarly aged assets while keeping capital plans focused on the highest-return items.
Safety indicators for the neighborhood track below national percentiles, and the area ranks in the lower tiers compared with other Houston-The Woodlands-Sugar Land neighborhoods (1,491 total). Recent year-over-year estimates indicate property-related incidents increased and violent offense measures remain elevated relative to safer suburban peers.
For multifamily investors, this calls for active risk management: visible property oversight, lighting and access controls, and coordination with local resources. Operators who execute well on security and community standards can mitigate exposure and support resident retention even where broader neighborhood statistics are less favorable.
The surrounding employment base blends aerospace, energy, and industrial services that help sustain local renter demand and support commute convenience for workforce households. Key nearby employers include Boeing, Calpine Turbine Maintenance Group, Dish Network, Air Products, and Waste Management.
- Boeing — aerospace offices (2.6 miles)
- Calpine Turbine Maintenance Group — energy services (4.4 miles)
- Dish Network — telecommunications (12.4 miles)
- Air Products — industrial gases (14.9 miles)
- Waste Management — environmental services (19.8 miles) — HQ
This 96-unit, 1979-vintage asset offers scale in an inner-suburban Houston location with a renter-occupied share just over half of housing units, supporting depth in the tenant base. Neighborhood occupancy trails national norms, so performance hinges on operational execution, but the area’s practical amenity mix (notably strong grocery and childcare access) and a growing 3-mile household base point to durable demand for well-managed apartments. Based on commercial real estate analysis from WDSuite, current affordability signals (mid-range rents and a moderate rent-to-income ratio) support retention while leaving room for targeted value-add to sharpen competitiveness.
Relative to the neighborhood’s older average stock, the 1979 vintage can compete with focused capital plans—modernizing building systems and finishes to capture leasing in a market where ownership is comparatively accessible and can compete with rentals. Employer proximity across aerospace and energy further underpins renter demand, while investors should underwrite for below-average neighborhood occupancy and safety metrics with appropriate security and leasing strategies.
- Scale and unit mix: 96 units with larger average floor plans support revenue per turn
- Renter depth: neighborhood renter-occupied share slightly above 50% strengthens the tenant base
- Value-add path: 1979 vintage relative to older local stock enables targeted renovations and system upgrades
- Demand drivers: proximity to aerospace and energy employers supports leasing and retention
- Risks to underwrite: below-national occupancy and weaker safety metrics require active management and security investment