| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 39th | Fair |
| Amenities | 9th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8125 Mills Rd, Houston, TX, 77064, US |
| Region / Metro | Houston |
| Year of Construction | 2011 |
| Units | 116 |
| Transaction Date | 2010-10-20 |
| Transaction Price | $12,399,000 |
| Buyer | COSTA VIZCAYA II LTD |
| Seller | NRP PROPERTIES LLC |
8125 Mills Rd Houston 2011 Multifamily Investment
Steady neighborhood occupancy and proximity to major employers point to durable renter demand, according to WDSuite’s CRE market data. Investors may find a balanced demand profile supported by workforce commuting patterns and suburban Houston fundamentals.
The property’s suburban Houston location offers commute-efficient access to multiple corporate offices while remaining largely car-oriented, with limited walkable amenity density nearby. For investors, this typically translates to demand driven by employment nodes and roadway connectivity rather than lifestyle retail.
At the neighborhood level, occupancy trends are above the national median, which supports leasing stability for professionally managed assets. Median contract rents in the area have risen over the last five years and are projected to continue climbing, based on CRE market data from WDSuite, suggesting scope for disciplined revenue management rather than aggressive lease-up assumptions.
The building’s 2011 construction is newer than the neighborhood average vintage (2005), offering relative competitiveness versus older stock while still warranting periodic system updates and common-area refreshes as part of long-term capital planning. Renter-occupied housing accounts for roughly 46% of units within the surrounding neighborhood, indicating a sizable renter base that can support multifamily absorption without overreliance on a narrow tenant segment.
Demographic statistics aggregated within a 3-mile radius show population growth over the past five years and projections for further gains by 2028, alongside an expected increase in households. For multifamily investors, a growing resident base and small reductions in average household size imply a larger tenant pool and support for occupancy, with ownership costs in the area moderate by national standards—conditions that can sustain rental demand while limiting excessive pricing power risk.
Safety indicators for the neighborhood track below national medians, with both property and violent offense rates positioned in lower national percentiles compared with neighborhoods nationwide. Recent year-over-year estimates point to upticks in reported offense rates, underscoring the importance of standard operator practices such as lighting, access control, and resident engagement to support retention and reputation over time.
Nearby corporate offices form a diversified employment base that supports renter demand through short commutes and weekday traffic. The list below highlights major employers within a roughly 11-mile radius that commonly draw residents to workforce housing in this part of suburban Houston.
- Centerpoint Energy — utilities (0.3 miles)
- Enterprise Products — energy infrastructure (3.0 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology/customer engagement (4.0 miles)
- Emerson Process Management — industrial automation (5.6 miles)
- ExxonMobil - Brookhollow Campus — energy offices (10.9 miles)
This 116-unit asset, built in 2011, positions ahead of much of the nearby stock, offering operational advantages versus older properties while still benefiting from pragmatic value-add opportunities over time. The surrounding neighborhood posts occupancy above the national median and shows upward rent momentum; combined with commuter access to major employers, this supports a durable tenant base and measured pricing power. According to CRE market data from WDSuite, these dynamics are consistent with suburban Houston submarkets where workforce-driven demand and car-oriented living patterns anchor leasing.
Demographic statistics within a 3-mile radius indicate recent population growth with further gains expected by 2028, alongside increases in households—factors that expand the renter pool and can support sustained occupancy. Ownership costs are moderate in context, which helps maintain steady rental demand while limiting sharp affordability pressure. Principal watch items include below-median safety metrics and limited walkable amenities, both manageable with attentive operations and targeted capital planning.
- 2011 construction provides competitive positioning versus older local stock with optional value-add upside
- Neighborhood occupancy above the national median supports leasing stability
- Proximity to major employment nodes underpins demand and retention
- 3-mile population and household growth expand the tenant base
- Risks: below-median safety metrics and limited walkable amenities require attentive operations