| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 65th | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Panama Ct, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1979 |
| Units | 41 |
| Transaction Date | 2013-04-16 |
| Transaction Price | $2,300,000 |
| Buyer | LAKESHOREGRANBURYHOLDINGSLLC |
| Seller | LAKESHOREAPARTMENTSLP |
800 Panama Ct, Granbury TX Multifamily Investment
Positioned in a high-performing Granbury neighborhood, the asset benefits from strong amenities and solid renter demand while requiring disciplined lease management, according to WDSuites CRE market data.
Granburys A+ rated suburban neighborhood ranks 1st among 21 metro neighborhoods, signaling strong local fundamentals. Amenity access is a clear strength: cafes, groceries, restaurants, and pharmacies all rank 1st of 21, with national performance often in the top quartile, supporting day-to-day convenience that tends to aid leasing and retention (based on CRE market data from WDSuite).
Schools are another differentiator, with the neighborhoods average rating at the top of the metro (1st of 21) and in the top quartile nationally. For family-oriented renters, school quality can support longer tenure and lower turnover risk compared with metro peers.
At the same time, neighborhood occupancy sits below the metro median (ranked 15th of 21), which points to operational execution as a key driver of performance. However, NOI per unit is competitive among Granbury neighborhoods (2nd of 21), and median contract rents benchmark above many peers (4th of 21 and top quartile nationally), suggesting the submarket can support stabilized pricing when assets are positioned and managed effectively.
Vintage context matters: the property was built in 1979, while the neighborhoods average construction year skews newer (2000). Older construction typically calls for ongoing capital planning but can present value-add or renovation upside to better compete against younger stock.
Tenure dynamics and demographics support multifamily demand. Within a 3-mile radius, the renter-occupied share and continued growth in households indicate a meaningful tenant base; recent population and household gains, with further expansion forecast, imply a larger renter pool that can support occupancy stability. Elevated ownership costs in the neighborhood (high national percentile for value-to-income) reinforce reliance on rentals, while relatively moderate rent-to-income levels point to manageable affordability pressure and potentially steadier retention.
Safety data specific to this neighborhood are limited in the current WDSuite release, and no crime rank is reported against the 21 Granbury metro neighborhoods. Investors typically evaluate safety in a comparative, trend-oriented framework using city and county publications alongside property-level diligence (lighting, access control, and tenant screening) to gauge risk and mitigation priorities.
Given the strong amenity and school rankings noted for the neighborhood, some indicators point to livability, but conclusions about safety should rely on verified, current sources and onsite observations rather than assumptions at the block level.
Regional employment access includes manufacturing and corporate offices within commuting range, supporting a diversified renter base and lease retention. Key nearby employers include Ball Metal Beverage Packaging, Parker Hannifin, and D.R. Horton.
- Ball Metal Beverage Packaging manufacturing (30.9 miles)
- Parker Hannifin Corporation industrial & motion control (31.6 miles)
- D.R. Horton homebuilding (34.2 miles) HQ
800 Panama Ct combines a top-ranked neighborhood location with practical value-add potential. The area leads the metro on amenities and schools (1st of 21), while median rents benchmark in the top quartile nationally. Neighborhood occupancy trends below the metro median, making asset positioning and leasing discipline central to outperformance; however, household and population growth within a 3-mile radius point to a larger tenant base over time, supporting lease-up and stabilization prospects. The 1979 vintage suggests thoughtful capital planning and selective renovations can sharpen competitiveness versus newer stock.
Elevated ownership costs in the neighborhood context reinforce sustained renter reliance on multifamily, while rent levels relative to income indicate manageable affordability pressure that can aid retention. According to commercial real estate analysis from WDSuite, these dynamics plus diversified regional employers within commuting range support a durable, needs-based renter pool with pricing supported by local convenience and schools.
- Top-ranked neighborhood (1st of 21) with strong amenities and schools supporting demand
- 1979 vintage offers value-add and renovation angles to compete with newer supply
- 3-mile population and household growth expand the renter pool, supporting occupancy stability
- Elevated ownership costs and moderate rent-to-income favor renter reliance and retention
- Risk: neighborhood occupancy ranks below metro median, requiring focused leasing and operations