| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 81st | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3663 Nasa Pkwy, Seabrook, TX, 77586, US |
| Region / Metro | Seabrook |
| Year of Construction | 1998 |
| Units | 39 |
| Transaction Date | 2025-04-21 |
| Transaction Price | $494,470 |
| Buyer | GARCIA RODOLFO |
| Seller | REYNOLDS JOHN |
3663 Nasa Pkwy Seabrook Multifamily Opportunity
Neighborhood-level indicators point to steady renter demand supported by higher-than-average household incomes and ownership costs, according to WDSuite’s CRE market data. For investors, the area’s inner-suburb profile offers durable leasing fundamentals even as occupancy trends should be monitored at the neighborhood level.
The property sits in an Inner Suburb location within the Houston-The Woodlands-Sugar Land metro, where the neighborhood ranks 222 out of 1,491 metro neighborhoods—top quartile among 1,491—on overall rating (A), based on WDSuite’s CRE market data. Amenity access trends are broadly competitive versus the nation (around the mid-50s percentile), with restaurants comparatively dense and parks coverage strong.
Renter-occupied housing accounts for 29.6% of neighborhood units (above the metro median by rank), indicating a meaningful tenant base without being heavily saturated by rentals. Neighborhood occupancy is measured at 87.8% and ranks below the metro median, so lease-up and renewal management may require sharper execution than in tighter submarkets; however, rent-to-income ratios (0.12) remain favorable for sustaining demand and managing retention risk.
Within a 3-mile radius, demographics show moderate population growth to date with further household expansion projected, alongside smaller average household size. For multifamily, that combination typically supports a broader renter pool and sustained unit absorption. Median household incomes are high versus national norms, and median home values trend in the upper third nationally—an ownership cost landscape that tends to reinforce renter reliance on multifamily housing and supports pricing power where product quality warrants.
The asset’s 1998 vintage is newer than the neighborhood’s average construction year (1980), which helps competitive positioning versus older stock. Still, investors should underwrite for age-related systems and targeted modernization to maintain rentability against both renovated 1990s assets and newer deliveries in the broader metro.
Safety indicators for the neighborhood are mixed compared with national benchmarks and the Houston-The Woodlands-Sugar Land metro. Overall crime ranks around the mid-pack nationally, and the neighborhood’s crime rank places it competitive among Houston neighborhoods rather than top-tier.
Trend signals are constructive: both property and violent offense rates show notable year-over-year declines, positioning the neighborhood above metro average on improvement momentum even if baseline levels warrant routine risk management. Investors typically address this through lighting, access control, and community engagement, calibrated to submarket norms.
Proximity to corporate offices in energy, aerospace, and related services supports weekday demand and commute convenience for a diversified renter base. Nearby employers include Calpine Turbine Maintenance Group, Boeing, Air Products, Dish Network, and several downtown Houston energy headquarters.
- Calpine Turbine Maintenance Group — corporate offices (3.2 miles)
- Boeing: Bay Area Building — corporate offices (3.8 miles)
- Air Products — corporate offices (13.5 miles)
- Dish Network — corporate offices (15.5 miles)
- Waste Management — corporate offices (23.3 miles) — HQ
This 39-unit, 1998-vintage asset benefits from an Inner Suburb location that ranks in the top quartile among 1,491 Houston metro neighborhoods on overall performance, with strong park access and solid restaurant density supporting livability. Neighborhood occupancy sits below the metro median, but rent-to-income levels and a moderate renter concentration point to stable leasing potential with competent operations. Within a 3-mile radius, population and household growth—with smaller household sizes—suggests a larger tenant base over time, while elevated home values versus national norms tend to sustain multifamily demand.
Relative to older 1980s stock nearby, the property’s vintage supports competitive positioning; targeted renovations and system upgrades can preserve rentability against newer product. According to CRE market data from WDSuite, the neighborhood’s improvement in offense rates and above-median incomes provide a constructive backdrop, though investors should underwrite for periodic occupancy variability and cycle-sensitive employment exposure in the broader energy and aerospace ecosystem.
- Inner Suburb location rated top quartile among 1,491 metro neighborhoods supports long-term demand
- 1998 construction competes well versus older stock; scope for targeted modernization
- 3-mile demographics point to household growth and a broader renter pool
- Elevated ownership costs nationally reinforce renter reliance and pricing power potential
- Risks: neighborhood occupancy below metro median; exposure to energy/aerospace cycles; continued need for standard safety and asset management practices