| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 30th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2812 Trailing Vine Rd, Spring, TX, 77373, US |
| Region / Metro | Spring |
| Year of Construction | 1984 |
| Units | 68 |
| Transaction Date | 2013-04-01 |
| Transaction Price | $4,125,000 |
| Buyer | URBAN TRAILING VINE LLC |
| Seller | TRAILING VINE PLACE L P |
2812 Trailing Vine Rd Spring Multifamily Investment Opportunity
Positioned in an inner-suburban pocket of Spring, the property benefits from steady renter demand and high neighborhood occupancy, according to WDSuite’s CRE market data. The investment case centers on durable leasing fundamentals supported by a sizable local workforce and commuter access.
The surrounding neighborhood in Spring, TX shows leasing stability with occupancy in the high-90s, landing in the top quartile among 1,491 metro neighborhoods and the mid-80s nationally by percentile, per WDSuite’s CRE market data. Renter-occupied housing makes up roughly one-third of local units, indicating a meaningful tenant base without overreliance on rentals, which can support consistent absorption and retention.
Within a 3-mile radius, demographics reflect recent population and household growth and a larger family presence, translating to a broad renter pool for a range of unit types. Projections through 2028 indicate further gains in households and incomes, suggesting continued depth of demand and support for occupancy stability rather than rapid churn.
Amenity access is mixed: grocery and cafe density compare favorably versus many areas nationally, while park and pharmacy counts are thinner. Average school ratings trend below national norms; for multifamily investors this often shifts emphasis toward value, convenience, and commute efficiency when positioning the asset.
Home values in the area sit below many high-cost metros, which can create some competition from ownership options. At the same time, a relatively modest rent-to-income profile implies manageable affordability pressure that can help underpin lease retention and measured pricing power over time.
Comparable neighborhood-level safety benchmarks are limited in the current dataset release for this Spring submarket. Investors generally calibrate property-level security measures and loss history against broader Houston metro trends and nearby comps to assess operating risk and potential insurance impacts over time.
Proximity to major energy, healthcare, and logistics employers supports a broad commuter tenant base and helps stabilize leasing through cycle turns. Notable nearby employers include Halliburton, McKesson Specialty Health, Anadarko Petroleum, CenterPoint Energy, and FedEx Office.
- Halliburton — energy services (8.4 miles) — HQ
- McKesson Specialty Health — healthcare distribution (8.4 miles)
- Anadarko Petroleum — energy (8.5 miles) — HQ
- Centerpoint Energy — utilities (11.6 miles)
- FedEx Office Print & Ship Center — business services (12.3 miles)
Built in 1984, the asset is older than much of the surrounding stock, where average construction skews more recent. That age profile can present value‑add potential through targeted renovations and systems updates, positioning the property to compete against newer assets while capturing steady demand from a diversified renter base. Neighborhood occupancy trends are strong and rank in the upper tier locally, which supports stable cash flows and measured rent growth.
Population and household expansion within 3 miles signal a growing tenant base, while a moderate rent-to-income backdrop points to manageable affordability pressure and the potential for healthy retention. According to CRE market data from WDSuite, the neighborhood’s high occupancy and solid renter concentration underpin a durable operating story; the primary underwriting watchpoints are below-average school ratings and some competition from relatively accessible ownership options.
- High neighborhood occupancy with top-quartile standing in the Houston metro supports leasing stability.
- 1984 vintage offers value-add and modernization upside to compete with newer nearby stock.
- Expanding 3‑mile population and household counts indicate a growing renter pool and demand depth.
- Rent-to-income profile suggests manageable affordability pressure, aiding retention and pricing discipline.
- Risks: below-average school ratings and ownership alternatives may temper rent growth in certain segments.