| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 40th | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Industrial Dr W, Sulphur Springs, TX, 75482, US |
| Region / Metro | Sulphur Springs |
| Year of Construction | 1981 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
701 Industrial Dr W, Sulphur Springs Multifamily Opportunity
Neighborhood renter concentration is elevated, supporting a deeper tenant base for a 62-unit asset, according to CRE market data from WDSuite. While neighborhood occupancy has eased in recent years, demand is reinforced by service retail access and steady renter-occupied housing in the immediate area.
This Inner Suburb location scores competitively within the Sulphur Springs metro (ranked 1st of 21 neighborhoods overall, A+ rating), with daily-needs retail close by. Grocery availability ranks 1st among 21 metro neighborhoods and sits in the top quartile nationally, and pharmacy density also ranks 1st locally and is very strong nationally. Restaurant access is similarly strong within the metro (ranked 1st of 21), supporting convenience for residents and helping with leasing velocity and retention.
Schools in the neighborhood average around a mid-range rating (ranked 3rd of 21 metro neighborhoods; above the national median percentile), which can support family-oriented renter demand without commanding premium pricing. Café and park counts are limited within the neighborhood footprint, so on-site amenities and unit finishes may play a larger role in competitiveness versus nearby properties.
The prevailing renter-occupied housing share in the neighborhood is high, indicating a sizable base of multifamily demand and potential stability in occupancy. At the same time, neighborhood occupancy trends have softened versus five years ago, suggesting operators should emphasize leasing execution and renewal management to sustain performance.
Within a 3-mile radius, population has grown over the last five years and households have increased, with additional household growth projected through 2028. This points to a gradually expanding renter pool and supports leasing depth for smaller-format units. Median home values in the neighborhood are lower than high-cost metros, which can introduce some competition from entry-level ownership; however, rent-to-income levels indicate manageable affordability pressure, giving room for measured rent growth tied to upgrades and asset positioning.
Vintage and asset positioning: Built in 1981, the property is newer than the neighborhood s average vintage (1969). That relative youth can improve competitive positioning versus older stock, though investors should still plan for ongoing system updates and selective modernization to sustain rentability.
Comparable crime metrics for this neighborhood are not available in the current WDSuite release. Investors typically benchmark neighborhood safety using city and county trend data, property-level incident history, and insurer/lender assessments to contextualize risk over time.
This 62-unit, 1981-vintage asset benefits from a high concentration of renter-occupied housing in the neighborhood and strong daily-needs retail access that supports tenant retention. According to CRE market data from WDSuite, the neighborhood ranks at or near the top of the metro for grocery, pharmacy, and restaurant access, reinforcing livability. Household counts within a 3-mile radius have been rising and are projected to continue increasing, indicating a gradually expanding renter base that can support occupancy over time.
The property s relative vintage advantage versus older neighborhood stock offers a path to compete through focused renovations and operational execution. Key considerations include monitoring neighborhood occupancy softness and calibrating rent growth to local incomes; smaller average unit sizes may require targeted leasing and amenity strategy to maintain depth of demand.
- High neighborhood renter concentration supports a deeper tenant base and renewal stability.
- Daily-needs retail access (grocery, pharmacy, restaurants) ranks 1st of 21 metro neighborhoods, aiding leasing and retention.
- 3-mile household growth and projected increases expand the local renter pool and support occupancy management.
- 1981 vintage is newer than neighborhood average, enabling value-add and modernization strategies against older comps.
- Risk: Neighborhood occupancy has softened; smaller average unit sizes may narrow the renter audience, requiring disciplined leasing and pricing.