| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 41st | Fair |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2515 Solomon Dr, Commerce, TX, 75428, US |
| Region / Metro | Commerce |
| Year of Construction | 1975 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2515 Solomon Dr Commerce TX Workforce Multifamily
Neighborhood occupancy has trended upward and renter concentration is elevated, supporting demand for stabilized operations, according to WDSuite’s CRE market data.
Located in a suburban pocket of Commerce within the Dallas–Plano–Irving metro, the neighborhood shows steady renter demand with an above-median renter-occupied share versus peer areas in the region. While the neighborhood occupancy rate is below national norms, it has improved over the last five years, which can aid leasing stability for well-managed Class B assets.
Livability is mixed. Dining access is roughly middle-of-the-pack nationally, while grocery availability tracks near national averages. Broader amenities such as parks, pharmacies, cafés, and childcare are thinner than most areas (lower national percentiles), which suggests a car-reliant location and underscores the importance of on-site conveniences to support retention.
Schools in the surrounding area score below national averages, which may limit appeal for family renters but can align with workforce housing positioning. Median contract rents in the neighborhood remain accessible relative to income levels, and the rent-to-income ratio indicates manageable affordability pressure — a positive for collections and lease renewals.
Within a 3-mile radius, demographics point to a growing tenant base: population has expanded recently, households are projected to increase significantly over the next five years, and incomes are trending higher. This combination supports a larger renter pool and potential absorption, even as ownership remains comparatively accessible in the metro.
Safety indicators are mixed but comparatively solid versus national benchmarks. The neighborhood’s overall safety profile sits slightly above the national middle, and property and violent offense rates benchmark in the top quartile nationally, indicating comparatively lower incident levels than many neighborhoods across the country.
However, recent year-over-year trends show an uptick in violent incidents, which warrants monitoring and proactive property-level measures. Framing this within the region, the neighborhood ranks closer to the safer end relative to many peers in the Dallas–Plano–Irving metro (out of 1,108 neighborhoods), yet investors should underwrite with attention to trend direction, lighting, access control, and resident engagement.
Regional employment centers within commuting range help diversify the renter base, with defense and aerospace offices providing additional demand alongside local services.
- Raytheon Company — defense & aerospace offices (43.9 miles)
This 26-unit workforce asset benefits from an elevated neighborhood renter concentration and improving occupancy trends, supporting demand durability and cash flow consistency. Rents remain accessible relative to local incomes, which can aid collections and renewals while leaving room for targeted upgrades. According to CRE market data from WDSuite, amenity depth is lighter than urban Dallas submarkets, so on-site features and operational execution are key to retention and pricing power.
Within a 3-mile radius, population growth and a projected increase in households expand the tenant pool over the medium term. While schools and amenity density trail national averages, the area’s workforce profile and manageable rent-to-income dynamics position the property as practical housing for tenants prioritizing value and convenience. Underwriting should consider the modest safety trend volatility and competition from entry-level ownership in parts of the metro.
- Elevated renter concentration and improving neighborhood occupancy support durable demand
- Accessible rents versus income levels can aid retention and collections
- 3-mile radius shows population and household growth, expanding the renter pool
- Operational upside via on-site amenities and management in a lower-amenity submarket
- Risks: lighter amenity/school profile, recent safety trend volatility, and potential competition from ownership