| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 34th | Fair |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 712 Pinemont Dr, Houston, TX, 77018, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
712 Pinemont Dr Houston Multifamily Value-Add Opportunity
Neighborhood occupancy has held in the high-80s and renter demand is supported by proximity to major Houston employers, according to WDSuite's CRE market data. This commercial real estate analysis points to steady tenant depth with potential to enhance performance through targeted renovations.
This Inner Suburb location offers workforce accessibility and a renter base that is meaningful but not saturated. The neighborhood's share of renter-occupied housing units is in the mid-30% range, indicating a stable but competitive tenant pool for multifamily leasing rather than an overwhelmingly renter-heavy market. Neighborhood occupancy is near 90% (measured for the neighborhood, not the property), a level that has trended upward in recent years, which supports baseline leasing stability and retention planning.
Construction in the immediate area generally skews to the early 1980s on average, while this property's 1972 vintage is older. For investors, that points to clear value-add and capital planning opportunities to modernize systems and common areas, which can sharpen competitive positioning versus nearby 1980s-era stock.
Amenities are mixed. Restaurant density is competitive nationally (around the 60th percentile), but cafes, groceries, parks, and pharmacies are sparse locally, placing the broader amenity set below the metro median among 1,491 Houston neighborhoods. Average school ratings sit below national norms, which may influence family-oriented renter demand and calls for careful unit-mix and amenity programming.
Home values in the neighborhood relative to local incomes rank in the top decile nationally by value-to-income ratio, signaling a high-cost ownership market that can reinforce reliance on rental housing and support tenant retention. With a neighborhood rent-to-income ratio near the upper single digits as a share of income (about 0.27), affordability pressure should be monitored in lease management, but it also underscores the role of well-priced, efficient units in maintaining occupancy. Within a 3-mile radius, demographics show modest population growth recently and a projected increase in households over the next five years, which can translate into a larger tenant base; this multifamily property research context helps frame potential demand tailwinds.
Safety conditions in the neighborhood are a watchpoint. Compared with neighborhoods nationwide, the area sits in a lower safety percentile, and within the Houston metro it ranks in the lower half among 1,491 neighborhoods. Recent year-over-year trends indicate increases in both property and violent offense rates. Investors should underwrite enhanced security measures, lighting, and partnership with local patrol resources, and reflect this risk in insurance, operating protocols, and loss assumptions.
Nearby energy and corporate offices provide a broad employment base that supports renter demand and commute convenience for workforce tenants. The following employers are among the closest nodes likely to influence leasing stability in this submarket.
- ExxonMobil - Brookhollow Campus - energy & corporate offices (3.3 miles)
- Baker Hughes - energy services (5.6 miles) - HQ
- Calpine - power generation (6.3 miles) - HQ
- Eog Resources - oil & gas (6.3 miles) - HQ
- NRG Energy - power & retail energy (6.3 miles)
Built in 1972 with 88 units and smaller average unit sizes, the asset is positioned for value-add execution focused on durable interiors and modernization that can sharpen pricing power versus nearby 1980s stock. Neighborhood occupancy remains solid and has improved over time, suggesting a foundation for steady lease-up and retention if renovations are paired with disciplined affordability and operating controls. According to CRE market data from WDSuite, ownership costs in the neighborhood are elevated relative to incomes, which typically supports renter reliance on multifamily housing.
Within a 3-mile radius, recent population gains and a projected increase in households point to a larger tenant base over the medium term, aligning with the property's efficient layouts that can appeal to cost-conscious renters. Key underwriting considerations include measured affordability (rent-to-income around the upper single digits as a share of income) and local safety trends, which should be reflected in security, insurance, and loss assumptions.
- 1972 vintage creates clear value-add and capital planning avenues to improve competitiveness.
- Neighborhood occupancy near 90% supports baseline leasing stability with thoughtful pricing.
- Elevated ownership costs versus incomes reinforce reliance on rentals and potential retention.
- 3-mile household growth outlook expands the tenant base for efficient, well-priced units.
- Risks: local safety readings and limited neighborhood amenities warrant security and OPEX focus.