| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 N Meadows Dr, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1994 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1201 N Meadows Dr Granbury Multifamily Investment
Positioned in an A-rated Granbury neighborhood, the asset benefits from a relatively high renter concentration and an improving local occupancy trend, according to WDSuite’s CRE market data.
The property sits in an A-rated neighborhood ranked 3rd of 21 within the Granbury metro, placing it in the top quartile among metro neighborhoods. This standing reflects balanced livability and investment appeal for workforce and lifestyle renters without overreliance on any single amenity driver.
Local amenity access is solid for parks and daily needs: park availability ranks 1st of 21 and is in the 77th percentile nationally, while grocery and pharmacy access are competitive among Granbury neighborhoods (both rank within the top three locally and around the middle-to-upper half nationally). Restaurant density also ranks 2nd of 21 and sits in the 67th national percentile. Cafe density is limited, signaling fewer third spaces for remote work or casual meetups. These dynamics collectively point to everyday convenience with selective lifestyle gaps.
For investors, the neighborhood’s housing context supports rental demand. The share of housing units that are renter-occupied is 42.6% (ranked 1st of 21 in the metro and in the 82nd percentile nationally), indicating a deeper tenant base than most Granbury neighborhoods. Neighborhood occupancy is 84% and has trended higher over the past five years; this is framed as neighborhood-level occupancy, not the property’s performance. Elevated value-to-income metrics (78th percentile nationally) suggest a comparatively high-cost ownership market, which can sustain reliance on multifamily rentals and support lease retention. Rent-to-income levels sit in a lower national percentile, implying manageable affordability pressure and potential for steadier renewals.
Demographic trends aggregated within a 3-mile radius show population and household growth historically, with forecasts indicating further increases in households over the next five years. This points to renter pool expansion and supports occupancy stability and leasing velocity. School ratings land near the middle of national peers and above the metro median, useful for broad family appeal but not a premium differentiator.
Vintage matters to competitive positioning. Built in 1994 versus an area average vintage of 1966, the asset is newer than much of the surrounding stock—supporting relative appeal versus older properties—while still warranting selective modernization or systems updates to enhance resident experience and capture incremental rent, based on balanced commercial real estate analysis.
Neighborhood-level crime metrics are not available in the current dataset for this location. Investors typically benchmark safety by comparing city and county trend lines and weighting property-level measures (lighting, access control, and management presence) alongside broader area indicators. Without published rank or percentile values for this neighborhood, safety should be assessed through on-the-ground diligence and comparable submarket trends.
Regional employment access includes advanced manufacturing and corporate office nodes that widen the renter catchment and support retention for commuters, specifically Ball Metal Beverage Packaging, Parker Hannifin, and D.R. Horton.
- Ball Metal Beverage Packaging — manufacturing (32.0 miles)
- Parker Hannifin Corporation — diversified manufacturing (32.7 miles)
- D.R. Horton — homebuilding corporate offices (35.4 miles) — HQ
This 50-unit, 1994-vintage asset is positioned in a top-quartile Granbury neighborhood with solid everyday amenities and a renter-occupied housing share that ranks highest in the metro. Neighborhood occupancy sits below national norms but has improved over the last five years, and elevated ownership costs relative to incomes help reinforce reliance on rental housing. According to CRE market data from WDSuite, these conditions point to steady tenant depth with room to compete on product quality versus older nearby stock.
Within a 3-mile radius, historical population and household growth—along with projected gains—signal a larger tenant base over time, supporting occupancy stability and lease-up confidence. While school quality is mid-range and lifestyle amenities are selective (notably limited cafe density), targeted upgrades and thoughtful operations can position the property to capture demand from households balancing value and convenience.
- Top-quartile neighborhood rank locally with strong renter concentration supporting demand depth
- 1994 vintage offers competitive positioning versus older area stock with value-add modernization potential
- Household and population growth within 3 miles support occupancy stability and leasing velocity
- Ownership costs relatively high vs. incomes, reinforcing reliance on multifamily rentals and retention
- Risks: neighborhood occupancy below national norms; mid-range schools and limited cafe density may narrow some lifestyle appeal