| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 45th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8300 W Airport Blvd, Houston, TX, 77071, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 86 |
| Transaction Date | 2021-09-10 |
| Transaction Price | $101,815,500 |
| Buyer | AIRPORT CROSSING OWNER LP |
| Seller | FC TZADIK PROPERTY OWNER LP |
8300 W Airport Blvd Houston Multifamily Investment
Neighborhood occupancy is in the mid-90s and renter demand is supported by nearby employment nodes, according to WDSuite’s CRE market data. This inner-suburban location offers steady workforce housing dynamics with room for value-add execution.
The property sits in an Inner Suburb pocket of Houston (neighborhood rating: B) where multifamily fundamentals are comparatively resilient. Neighborhood occupancy is 94%+, indicating stable demand at the submarket level; this is a neighborhood metric, not property-specific, based on CRE market data from WDSuite.
Local amenity access is mixed: restaurants index competitively among Houston-The Woodlands-Sugar Land neighborhoods, while pharmacies and childcare options are strong relative to the metro and rank in higher national percentiles. However, cafes, parks, and grocery density are limited nearby, which suggests residents may rely more on driving for daily needs.
Within a 3-mile radius, demographics point to a sizable and durable renter base. Renter-occupied housing units account for an estimated majority share, supporting depth of demand for multifamily. While population edged down in recent years, household counts ticked up and are projected to grow through 2028, implying smaller average household sizes and a larger tenant base to support occupancy stability.
Home values in the surrounding area sit below many coastal markets, creating a more accessible ownership landscape that can introduce some competition with rentals. Even so, rent-to-income metrics indicate manageable affordability pressure for many households, which can aid lease retention and moderate pricing power for operators.
Vintage is a consideration: built in 1984, the asset is older than the neighborhood’s average construction vintage (early 2000s). This typically points to capital planning for systems and interiors, but it also presents value-add and repositioning potential versus newer competing stock.
Safety performance in the immediate neighborhood trends below both metro and national comparisons. The area ranks in the weaker half among 1,491 Houston-The Woodlands-Sugar Land neighborhoods and sits in a low national percentile for safety, indicating elevated crime relative to many U.S. neighborhoods.
Recent data also indicate year-over-year increases in both property and violent offense rates. Investors typically underwrite enhanced security, lighting, and operational oversight in similar submarkets to support resident retention and asset performance. These are neighborhood-level indicators; conditions can vary by block and property operations.
Proximity to major employers supports a broad workforce renter pool and commute convenience, with energy and business services anchors nearby. The list below highlights notable employers in close range that underpin daily demand.
- National Oilwell Varco Employees CU — financial services (3.8 miles)
- National Oilwell Varco — energy equipment (3.8 miles) — HQ
- Abm SSC — business services (3.9 miles)
- Phillips 66 — energy (7.2 miles) — HQ
- Quanta Services — infrastructure services (7.5 miles) — HQ
8300 W Airport Blvd offers exposure to Houston’s inner-suburban renter demand with neighborhood occupancy in the mid-90s and a large renter-occupied share within a 3-mile radius. The asset’s 1984 vintage is older than nearby stock, creating a realistic value-add path while requiring disciplined capital planning to remain competitive against early-2000s product.
According to commercial real estate analysis from WDSuite, local amenities skew toward restaurants, pharmacies, and childcare, while limited park, grocery, and café density suggests car-oriented living. Household counts are projected to rise and incomes to strengthen through 2028, supporting a larger tenant base and steady leasing, though homeownership remains comparatively accessible and could temper pricing power.
- Stable neighborhood occupancy supports income durability at the submarket level.
- Workforce demand reinforced by nearby energy and business services employers.
- 1984 vintage provides value-add and repositioning opportunity with targeted capex.
- Household and income growth outlook expands the renter pool and supports leasing.
- Risks: below-average neighborhood safety and car-oriented amenities may require enhanced operations and prudent underwriting.