| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 40th | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 Industrial Dr W, Sulphur Springs, TX, 75482, US |
| Region / Metro | Sulphur Springs |
| Year of Construction | 1984 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
601 Industrial Dr W Sulphur Springs Multifamily Investment
Neighborhood data points to steady renter demand supported by a high share of renter-occupied housing units, according to WDSuite’s CRE market data. Investors should view this address as a workforce option in a service-oriented corridor with pragmatic rent levels.
Livability indicators are favorable for daily needs: the neighborhood ranks 3 out of 21 within the Sulphur Springs metro on amenity access, with strong grocery and pharmacy density relative to local peers and above national medians. Limited cafe and park presence suggests fewer leisure amenities, which may factor into marketing and resident retention strategies.
Schools in the area average 3.0 out of 5 (ranked 3 of 21 neighborhoods in the metro), translating to above-median performance versus national peers. This can support family-oriented renter households without commanding the premiums seen in top-tier school districts.
The neighborhood’s renter-occupied share is elevated (53.6%, ranked 1 of 21), indicating a deep tenant base for multifamily operators. Overall housing occupancy in the neighborhood is around nine-tenths and has softened modestly over five years, signaling the need for attentive leasing and renewal management rather than aggressive rent pushes.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue increasing, which expands the local renter pool and supports occupancy stability for well-managed assets. Median home values are comparatively approachable for the region, which can create some competition from ownership options, but rent-to-income levels near mid-range suggest manageable affordability pressure that can aid lease retention.
The property’s 1984 vintage is newer than the neighborhood’s average construction year (1969), positioning it competitively versus older stock. Operators should still plan for system updates and selective renovations to meet modern expectations while leveraging relative age as a differentiator.
Neighborhood-level crime metrics are not available in WDSuite for this address. Investors typically benchmark safety by comparing neighborhood trends to city and county sources and by reviewing multi-year patterns rather than single data points. As with any asset, underwriting should incorporate on-the-ground observations, property-level incident history, and comparable submarket data.
Employer proximity data with measured distances is not available in WDSuite for this address at this time. This section is shown without bullets so investors can supplement with local employer mapping to assess commute convenience and workforce demand.
This 67-unit asset offers exposure to a renter-heavy neighborhood with practical amenity access and a cost-of-living profile that supports leasing durability. According to CRE market data from WDSuite, the area’s renter concentration and service-oriented employment base underpin steady demand, while recent occupancy softening argues for disciplined lease management rather than outsized rent growth assumptions.
Built in 1984, the property is newer than the neighborhood average and may benefit from targeted modernization to enhance competitiveness against older stock. Within a 3-mile radius, population and households have expanded and are projected to continue growing, pointing to a larger tenant base and support for stabilized occupancy, albeit with modest competition from ownership given approachable home values.
- Renter-heavy neighborhood supports depth of demand and renewal potential.
- Daily-needs retail and pharmacy access are strong for workforce tenants.
- 1984 vintage presents value-add and systems-refresh opportunities versus older stock.
- 3-mile population and household growth expands the prospective renter pool.
- Risks: modest occupancy softening, limited leisure amenities nearby, and potential competition from ownership options.