| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 21st | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 502 W Criner St, Grandview, TX, 76050, US |
| Region / Metro | Grandview |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
502 W Criner St Grandview Multifamily Opportunity
Newer 2000 vintage relative to the area and an ownership-heavy tenant base suggest steady workforce demand, according to WDSuite’s CRE market data. The neighborhood’s rent levels remain manageable, which can support retention even as operators pursue measured rent growth.
Grandview sits in a rural part of the Fort Worth–Arlington–Grapevine metro, and neighborhood amenities are limited compared with urban submarkets. The area scores below national medians for cafes, parks, and retail access, so the property’s appeal leans more on quiet living, drive-to employment, and value positioning than on walkable lifestyle features.
For investors, the local occupancy rate of the neighborhood (86.7%) indicates leasing can be competitive, and operators typically win on well-maintained units and consistent management. Renter concentration is modest (about one-fifth of housing units are renter-occupied in the neighborhood), pointing to a smaller but stable tenant pool where service quality and renewal strategy matter.
Within a 3-mile radius, recent demographic trends show a smaller population today than five years ago, but WDSuite’s data projects growth ahead with more households by the forecast period. A rising household count paired with a modest renter pool supports a larger tenant base and potential lease-up resilience for professionally managed assets. Median incomes have risen meaningfully in recent years, which helps absorb incremental rent increases without overextending affordability.
Ownership costs in the neighborhood are relatively elevated versus incomes by national standards, which can sustain reliance on multifamily rentals among households not pursuing ownership. At the same time, the neighborhood’s rent-to-income levels remain manageable, providing a foundation for retention and measured pricing power rather than abrupt increases.
Neighborhood-level crime figures were not available in WDSuite’s dataset for this location, so direct comparisons to metro peers or national percentiles cannot be made here. Investors typically supplement market diligence with city and county public safety sources and operator-level incident logs to gauge on-the-ground security practices and resident sentiment.
Commuter shed access to manufacturing, homebuilding, healthcare services, and airline corporate roles supports renter demand for workforce housing. Notable employers within driving distance include Ball Metal Beverage Packaging, D.R. Horton, Parker Hannifin, Express Scripts, and American Airlines Group.
- Ball Metal Beverage Packaging — manufacturing (27.3 miles)
- D.R. Horton — homebuilding corporate (34.6 miles) — HQ
- Parker Hannifin Corporation — diversified industrial (36.2 miles)
- Express Scripts — pharmacy benefit management (39.1 miles)
- American Airlines Group — airline corporate (39.2 miles) — HQ
This 24-unit property, built in 2000, is newer than much of the surrounding housing stock, offering relative competitiveness versus older assets while still warranting routine system updates over the hold period. In an ownership-heavy neighborhood with manageable rent-to-income levels, professionally managed, well-kept units can capture steady leasing from a workforce renter base seeking drive-to employment and quiet living.
According to CRE market data from WDSuite, neighborhood occupancy is below the metro median, so execution hinges on unit quality, efficient operations, and targeted renewals rather than outsized rent pushes. Forward-looking household growth within a 3-mile radius expands the potential renter pool, and rising incomes support moderate rent progression without undue affordability pressure.
- 2000 vintage offers competitive positioning versus older local stock, with manageable capital planning needs
- Ownership-heavy area and manageable rent-to-income levels support retention and leasing stability
- Household growth within 3 miles points to a larger tenant base over the forecast period
- Drive-to access to major employers underpins workforce demand despite limited local amenities
- Risks: rural location, limited amenity density, and below-metro occupancy require active management and competitive unit finishes