| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 20th | Poor |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Methodist Dr, Commerce, TX, 75428, US |
| Region / Metro | Commerce |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Methodist Dr, Commerce TX Multifamily
Neighborhood renter demand is supported by a high renter-occupied share within a 3-mile radius and improving income trends, according to WDSuite’s CRE market data. With modest local rents and a value-add vintage, the asset targets stable occupancy rather than premium positioning.
Located in Commerce, Texas within the Dallas–Plano–Irving metro, the neighborhood carries a C- rating and ranks 1,026 of 1,108 metro neighborhoods, indicating performance below the metro median. Amenity density is thin (few cafes, groceries, or parks nearby), while pharmacies are more available than some suburban peers. For residents, this points to a more car-dependent location with day-to-day services reachable but not clustered.
Multifamily fundamentals show mixed but improving signs. Neighborhood occupancy is reported at 87% and has improved over the past five years, suggesting steadier leasing conditions even if levels remain below stronger submarkets. Median contract rents nearby are modest (about $819 within 3 miles) and have risen in recent years, with WDSuite data indicating further growth in the forecast period; this supports pragmatic rent strategies over outsized premium pushes.
Tenure patterns are favorable for renter demand. Within a 3-mile radius, approximately 57.5% of housing units are renter-occupied, indicating a deep tenant base; within the metro context, the neighborhood’s renter metrics test as competitive (renter indicators are within the more competitive 40% of Dallas–Plano–Irving neighborhoods). A sizable 18–34 population share (about 45.8% within 3 miles) and smaller projected household sizes reinforce demand for compact units and steady turnover management rather than large-family product.
Ownership costs appear relatively accessible in the immediate neighborhood (median home values near $220,800), which can introduce some competition with entry-level ownership. For investors, that typically means emphasizing convenience, professional management, and flexible lease terms to maintain retention and pricing power. School ratings in the area trend low, which may temper family-driven demand; however, workforce renters and students can still provide a consistent renter pool.
Vintage is 1987 versus a neighborhood average around 1990. That slightly older profile suggests planning for systems updates and targeted renovations to meet renter expectations, with potential value-add upside through unit refreshes and common-area improvements.
Comparable crime benchmarks for this specific neighborhood are not available in WDSuite’s dataset at this time. Investors should evaluate recent city and county trend reports and compare them to peer submarkets in the Dallas–Plano–Irving metro to gauge relative safety and potential impacts on leasing, retention, and insurance.
The area primarily serves a regional workforce, with larger employers accessible by highway commutes that can support leasing from cost-conscious renters. Notable among them is a defense and aerospace office presence.
- Raytheon Company — defense & aerospace offices (42.6 miles)
This 40-unit, 1987-vintage asset in Commerce offers a pragmatic value-add thesis: a renter-heavy local context, compact unit sizes suited to younger renters, and modest rent levels with room for renovation-driven repositioning. Within a 3-mile radius, a majority of units are renter-occupied and the 18–34 age cohort is substantial, supporting a consistent tenant pipeline. Neighborhood occupancy has improved over five years, and forecast rent growth suggests potential to capture incremental gains through efficient turns and selective upgrades.
According to CRE market data from WDSuite, the immediate neighborhood trails the metro on several amenity and school metrics, and home values are relatively accessible—factors that favor competitive pricing, service quality, and convenience to sustain retention. The slightly older vintage points to capital planning around building systems and unit interiors, aligning returns with disciplined expense control and targeted improvements rather than outsized rent lifts.
- Renter-heavy 3-mile area and strong 18–34 cohort support a deep tenant base
- Modest current rents with forecast growth enable value-add repositioning
- 1987 vintage offers renovation and systems-upgrade potential to enhance competitiveness
- Operational focus on convenience and management quality can offset limited nearby amenities
- Risks: below-metro neighborhood ranking, limited amenity density, and potential competition from entry-level ownership