| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 39th | Fair |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5700 Industrial Dr, Greenville, TX, 75401, US |
| Region / Metro | Greenville |
| Year of Construction | 2002 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5700 Industrial Dr Greenville Multifamily Investment Opportunity
High renter concentration in the surrounding neighborhood supports a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data.
Situated in Greenville within the Dallas–Plano–Irving metro, the property benefits from neighborhood fundamentals that are competitive among Dallas–Plano–Irving neighborhoods (ranked 325 of 1,108 for overall amenities). Grocery, park, pharmacy, and dining access each sit in upper national percentiles, indicating day-to-day convenience that supports renter retention.
At the neighborhood level (not the property), renter-occupied housing accounts for a notably high share of units, implying depth in the tenant pool and stable multifamily demand. Median contracted rents are mid-market nationally, which can help sustain leasing velocity without relying on premium pricing. Neighborhood occupancy trends have been softer than the metro median, so prudent lease management and targeted marketing should remain part of the operating plan.
The building’s 2002 construction is newer than the neighborhood’s average vintage (1996), providing relative competitiveness versus older stock. Investors should still plan for system updates typical of early-2000s assets, but the age profile can reduce near-term repositioning compared with older comparables.
Within a 3-mile radius, WDSuite data show households have edged up even as average household size declined in recent years, pointing to smaller households and a diversified renter base. Looking ahead, WDSuite’s projections indicate population and household growth over the next five years in this 3-mile area, which would expand the renter pool and support occupancy stabilization.
Ownership costs in the area are more accessible than many core Dallas submarkets, which can introduce some competition from entry-level ownership. Even so, neighborhood-level rent-to-income conditions appear manageable, supporting lease retention and limiting turnover pressure when paired with disciplined operations.
Neighborhood safety indicators align around the national middle, with recent year-over-year improvement in both property and violent offense measures, based on WDSuite data. These are neighborhood-level metrics rather than property-specific conditions.
Against neighborhoods nationwide, the area trends modestly favorable overall and has shown improving momentum. Within the Dallas–Plano–Irving metro’s 1,108 neighborhoods, this supports a practical workforce location where standard on-site security measures and resident screening can further reinforce operating stability.
Access to major employment nodes across the northeastern Dallas corridor supports workforce housing demand and commuting convenience. Key drivers include homebuilding, defense & aerospace, telecom/IT infrastructure, electronics distribution, and defense contractors.
- D.R. Horton — homebuilding (29.3 miles)
- Raytheon Company — defense & aerospace (30.1 miles)
- AT&T Datacenter — telecom/IT infrastructure (31.6 miles)
- Avnet Electronics — electronics distribution (32.0 miles)
- General Dynamics — defense (34.4 miles)
5700 Industrial Dr provides scale in a renter-heavy pocket where neighborhood-level rents are mid-market nationally and amenity access is competitive for the metro. The 2002 vintage is newer than the local average and should position the asset well against older stock, while leaving room for targeted system updates and value-add finishes. According to CRE market data from WDSuite, neighborhood occupancy has trailed the metro median but the renter-occupied share is elevated, indicating a deep tenant base that can support stabilization with focused operations.
Within a 3-mile radius, households have inched higher even as average household size declined, diversifying the renter pool. Forward-looking WDSuite projections point to population and household growth over the next five years, which would expand demand for multifamily units. Relative ownership costs suggest some competition with entry-level buyers, but manageable rent-to-income conditions and proximity to diversified employment nodes support leasing durability.
- Newer 2002 vintage versus neighborhood average, supporting competitive positioning with selective CapEx planning.
- Elevated renter-occupied share at the neighborhood level implies a deeper tenant base for lease-up and renewals.
- Amenity access (grocery, parks, pharmacy, restaurants) in upper national percentiles supports retention and day-to-day livability.
- Demand outlook supported by projected 3-mile population and household growth, expanding the renter pool.
- Risks: neighborhood occupancy below metro median and some competition from entry-level ownership; requires active leasing and resident retention strategies.