| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 83rd | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9870 Gaylord Dr, Houston, TX, 77024, US |
| Region / Metro | Houston |
| Year of Construction | 2010 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9870 Gaylord Dr, Houston TX — 114-Unit 2010 Multifamily
Newer construction relative to nearby stock positions this asset for competitive leasing and retention in a high-cost ownership pocket of Houston, according to WDSuite’s CRE market data.
This Inner Suburb location ranks among the top-performing areas in the Houston-The Woodlands-Sugar Land metro, with an overall neighborhood rating of A+ and a neighborhood rank of 5 out of 1,491 metro neighborhoods. Amenity access is a clear strength: dense dining and cafe options place the area in the top quartile nationally, supporting renter convenience and day-to-day livability.
The asset’s 2010 vintage is newer than the neighborhood’s average construction year of 1980. That relative youth can support competitive positioning versus older properties, though investors should still plan for ongoing modernization of systems and common areas as part of long-term capital planning.
Neighborhood renter-occupied share is elevated (over half of housing units are renter-occupied), signaling a deep tenant base and consistent multifamily demand. While the neighborhood occupancy metric is currently below national norms, that figure reflects neighborhood conditions rather than the property and suggests operators should emphasize leasing velocity and renewal management.
Within a 3-mile radius, households have grown in recent years with further expansion forecast, indicating a larger tenant pool ahead. High median incomes alongside elevated home values (top national percentiles) create a high-cost ownership market that tends to sustain reliance on multifamily rentals. Rent-to-income levels in the neighborhood context are moderate, which can support retention and measured pricing power. These dynamics align with investor expectations for stable demand, as reflected in WDSuite’s multifamily property research.
Safety outcomes in this neighborhood trend below national benchmarks. The neighborhood’s crime rank sits below the metro median among 1,491 Houston-area neighborhoods, and national percentiles indicate comparatively lower safety than many U.S. neighborhoods. Recent year-over-year estimates show upticks in both property and violent offenses at the neighborhood level.
For underwriting, this points to emphasizing security measures, lighting, and onsite management practices that support resident confidence and lease retention. These are area-level indicators rather than property-specific conditions, and investors typically underwrite them as part of standard risk controls based on commercial real estate analysis from WDSuite.
Proximity to major corporate offices anchors a broad professional employment base within short commutes, supporting leasing depth and renewal stability. Notable nearby employers include Wells Fargo Advisors, Group 1 Automotive, Phillips 66, ConocoPhillips, and Apache.
- Wells Fargo Advisors — financial services (0.6 miles)
- Group 1 Automotive — auto retail & corporate (0.6 miles) — HQ
- Phillips 66 — energy (3.2 miles) — HQ
- Conocophillips — energy (5.0 miles) — HQ
- Apache — energy (5.0 miles) — HQ
This 114-unit property built in 2010 competes against an older local stock, which can support leasing and operational efficiency with targeted modernization over time. The neighborhood shows strong amenity density and high-income households within 3 miles, while elevated ownership costs help sustain multifamily demand and renewal prospects. Neighborhood occupancy is below national norms, so execution will rely on active leasing management and resident retention tactics.
Population and household counts within 3 miles have grown and are projected to expand further, supporting a larger renter base and occupancy stability over a longer hold. Neighborhood-level performance indicators, such as strong average NOI per unit relative to many Houston subareas, point to revenue potential if operators pair quality upkeep with disciplined expense control, according to CRE market data from WDSuite.
- 2010 vintage relative to a 1980 area average supports competitive positioning versus older assets
- High-cost ownership market reinforces multifamily reliance and pricing resilience
- 3-mile population and household growth expand the renter pool and support occupancy over time
- Amenity-rich Inner Suburb location near major employers supports leasing depth
- Risk: neighborhood-level safety metrics and below-average occupancy call for proactive security and leasing management