| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 16th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9950 Town Park Dr, Houston, TX, 77036, US |
| Region / Metro | Houston |
| Year of Construction | 2003 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9950 Town Park Dr Houston Multifamily Investment
Renter demand in the surrounding neighborhood is deep and daily-needs retail is abundant, according to WDSuite’s CRE market data, supporting steady leasing for a 2003-vintage asset. Neighborhood occupancy and tenure figures are neighborhood-level indicators, not property-specific.
Located in Houston’s inner suburbs, the property benefits from strong everyday convenience: neighborhood grocery and pharmacy access rank among the highest tiers metro-wide, while a broad mix of cafes and restaurants indicates consistent foot traffic and service employment nearby (based on CRE market data from WDSuite). Parks and licensed childcare are limited within the neighborhood, which may shape resident amenity preferences toward on-site offerings or nearby private options.
The asset’s 2003 construction is newer than the neighborhood’s average vintage from the late 1970s. For investors, this positioning typically translates to more competitive unit finishes and systems relative to older stock, while still planning for mid-cycle mechanical upgrades and targeted value-add to keep pace with newer deliveries.
Neighborhood renter concentration is elevated (share of housing units that are renter-occupied is high), which points to a deep tenant base for multifamily. At the same time, neighborhood occupancy trends have been softer than many metro peers, so leasing strategies should prioritize retention and consistent renewals rather than relying solely on rapid lease-up. WDSuite’s commercial real estate analysis also places neighborhood NOI per unit below national norms, underscoring the importance of disciplined expense control and focused amenity investments.
Within a 3-mile radius, demographics reflect a large working-age population and a modest decline in household size over recent years. Forward-looking estimates show growth in households and incomes alongside rising asking rents, indicating potential expansion of the renter pool and support for occupancy stability, provided pricing remains aligned with local rent-to-income dynamics.
Safety indicators for the neighborhood trend below national averages, with ranks that are below the metro median among 1,491 Houston-area neighborhoods. National percentile readings place the area in a lower safety tier compared with neighborhoods nationwide, so investors should underwrite security measures and monitor local trendlines when evaluating retention and operating costs.
Recent year-over-year changes indicate increases in both violent and property offense estimates. While block-level risk varies, a prudent approach includes enhanced site lighting, access controls, and partnership with local patrol resources, and using WDSuite’s data to track whether conditions are stabilizing or shifting relative to nearby submarkets.
- Abm SSC — facilities services (1.4 miles)
- National Oilwell Varco — oilfield equipment & services (1.5 miles) — HQ
- National Oilwell Varco Employees CU — financial services (1.6 miles)
- Phillips 66 — energy (2.0 miles) — HQ
- Group 1 Automotive — auto retail & services (4.5 miles) — HQ
A concentration of energy, corporate services, and auto retail headquarters within a short commute underpins renter demand and supports lease retention for workforce-oriented units. The list reflects nearby corporate offices that most directly influence neighborhood employment.
9950 Town Park Dr offers 120 units with efficient average layouts that fit workforce demand profiles. The 2003 vintage is newer than much of the surrounding housing stock, providing relative competitiveness versus older assets while leaving room for targeted renovations and systems planning. Nearby daily-needs retail is strong, and multiple anchor employers sit within a short drive, which can bolster day-to-day leasing velocity. According to CRE market data from WDSuite, the neighborhood shows high renter-occupied share and softer occupancy, suggesting an emphasis on resident retention, curb appeal, and focused amenity spend to sustain performance.
Within a 3-mile radius, household growth and income gains are projected alongside rising asking rents, implying a larger tenant base and support for rent roll durability if pricing stays aligned with local affordability. Safety metrics trail national averages and parks/childcare access is limited, so underwriting should account for on-site enhancements and community partnerships to support resident experience and retention.
- 2003 vintage newer than neighborhood average, with potential for value-add and mid-cycle systems upgrades
- High neighborhood renter-occupied share supports a deep tenant base; prioritize renewal strategy amid softer occupancy
- Strong daily-needs retail access and nearby corporate employment nodes support leasing and retention
- 3-mile outlook points to household and income growth supporting long-term demand if rents remain aligned with incomes
- Risks: below-average safety indicators and limited parks/childcare access warrant security investments and amenity focus