| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 58th | Good |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 327 W Hufsmith Rd, Tomball, TX, 77375, US |
| Region / Metro | Tomball |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | 2022-05-11 |
| Transaction Price | $6,772,878 |
| Buyer | SITEMAG RESIDENTIAL III LP |
| Seller | 327 W HUFSMITII RD LLC |
327 W Hufsmith Rd, Tomball Multifamily Investment
Located in Tomball’s inner-suburban corridor, the asset benefits from steady neighborhood occupancy and a renter base supported by nearby employment nodes, according to WDSuite’s CRE market data. A practical unit mix and submarket connectivity point to durable leasing fundamentals for investors focused on stability.
The property sits within an Inner Suburb neighborhood of the Houston-The Woodlands-Sugar Land metro that is competitive among Houston neighborhoods for overall livability (A- neighborhood rating, rank 350 of 1,491). Restaurants and daily services are accessible (restaurant density around the 73rd national percentile; pharmacies near the 73rd percentile), while parks and cafes are limited nearby, which investors should factor into amenity strategy.
Neighborhood multifamily occupancy is above the metro median, and contract rents benchmark in the mid-range locally. The neighborhood’s renter-occupied housing share is near half, indicating meaningful renter concentration that supports depth of the tenant base and potential lease stability. Median rent-to-income levels trend manageable, which can aid retention while still allowing disciplined rent management.
Schools in the area score in the top quartile nationally on average, which can bolster long-term demand from households prioritizing education. Home values are relatively elevated for the metro context, reinforcing reliance on multifamily for a segment of households and supporting ongoing rental demand.
Within a 3-mile radius, WDSuite data indicates recent population and household growth with a continued increase in households projected through 2028, implying a larger tenant base and support for occupancy. The average construction year in the neighborhood is 1988; with a 1978 vintage, this asset may warrant targeted capital planning or value-add improvements to remain competitive versus newer stock.
Neighborhood safety trends compare favorably at a national level, with overall conditions around the 63rd percentile versus neighborhoods nationwide. According to WDSuite data, both violent and property offense rates have posted notable year-over-year declines locally, which is constructive for leasing confidence and tenant retention. Safety can vary by block and over time, so investors should confirm on-the-ground conditions during diligence.
The employment base nearby skews toward energy, healthcare, and technology corporate offices, supporting a broad commuter pool and renter demand from professionals seeking convenient suburban access.
- Hewlett Packard Enterprise Customer Engagement Center — technology services (8.1 miles)
- McKesson Specialty Health — healthcare services (10.5 miles)
- Anadarko Petroleum — energy offices (10.7 miles) — HQ
- Centerpoint Energy — utilities (11.8 miles)
- Enterprise Products — midstream energy (14.0 miles)
This 48-unit, 1978-vintage asset in Tomball aligns with stable inner-suburban fundamentals: neighborhood occupancy trends above the metro median, a meaningful renter concentration, and proximity to diversified employment nodes. Based on commercial real estate analysis supported by WDSuite, steady renter demand and manageable rent-to-income dynamics provide a foundation for consistent leasing, while homeownership costs in the area help sustain reliance on multifamily housing.
The vintage positions the property for value-add or systems modernization to compete against newer 1980s-and-later stock in the neighborhood. Within a 3-mile radius, continued population growth and a projected increase in households through 2028 point to a larger tenant base, which can support occupancy stability and measured rent optimization over a hold period. Investors should balance this with modest amenity gaps nearby and typical capital needs for late-1970s construction.
- Inner-suburban location with neighborhood occupancy above the metro median supports leasing stability
- Renter-occupied housing share near half indicates depth of tenant base and demand resilience
- Access to major employers across energy, healthcare, and technology broadens the resident pool
- 1978 vintage offers value-add and capital planning opportunities to enhance competitiveness
- Risks: limited nearby parks/cafes and aging systems may require amenity upgrades and capex