| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 22nd | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Lovers Ln, Terrell, TX, 75160, US |
| Region / Metro | Terrell |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | 2007-05-17 |
| Transaction Price | $187,600 |
| Buyer | HOLLON INVESTMENTS LLC |
| Seller | ROYAL OAKS TOWNHOMES LLC |
200 Lovers Ln Terrell Multifamily Value-Add Opportunity
Neighborhood occupancy trends sit below the Dallas metro median but near the high-80s, pointing to leasing upside if operations are sharpened; according to WDSuite's CRE market data, renter demand is supported by moderate rent-to-income levels and proximity to major job hubs.
Positioned in Terrell's Inner Suburb context, the neighborhood carries a C+ rating within the Dallas–Plano–Irving metro. Amenity access ranks 119 out of 1,108 neighborhoods — a top quartile standing locally — with groceries, pharmacies, parks, and everyday services available at practical distances, which supports day-to-day livability for workforce tenants.
The 3-mile radius demographic profile indicates recent increases in households and families, with projections calling for further population growth over the next five years. This points to a larger tenant base over time and supports occupancy stability, even as renter concentration shifts. Median rents in the area remain accessible relative to incomes, which can aid retention and reduce turnover risk for stabilized assets.
Construction vintage for the property is 1983, slightly newer than the area's average stock from the late 1970s. That positioning can enhance competitiveness versus older comparables, though investors should still budget for targeted system upgrades and common-area refreshes to meet current resident expectations.
At the neighborhood level, occupancy ranks in the lower half of the metro distribution, suggesting room for operational improvement. However, the renter-occupied share sits in a competitive tier among Dallas neighborhoods, indicating depth in the local tenant pool. Relative home values are on the more accessible side for the region, which can introduce some competition from ownership, but also supports steady inflows of households that sustain multifamily demand. These dynamics are based on commercial real estate analysis from WDSuite covering neighborhood ranks (out of 1,108) and national percentiles.
Safety indicators for the neighborhood are mixed in a regional context. Overall crime reads around the metro middle, while national comparisons point to comparatively favorable property-crime levels and a better-than-average standing on violent crime. Investors should note that year-over-year violent-incident metrics have been volatile; monitoring trends and aligning security measures with resident expectations can help support leasing and retention.
In short, the area compares broadly with many Dallas–Fort Worth suburbs on aggregate safety, with recent fluctuations warranting routine review as part of underwriting and asset management. All interpretations reference ranks measured against 1,108 Dallas–Plano–Irving neighborhoods and national percentiles from WDSuite's datasets.
Proximity to diversified employment across homebuilding, electronics distribution, life sciences, and defense supports renter demand and commute convenience for workforce households. The list below highlights major employers within commuting reach that can underpin leasing stability.
- D.R. Horton, America's Builder — homebuilding (17.8 miles)
- Avnet Electronics — electronics distribution (26.9 miles)
- Thermo Fisher Scientific — life sciences (27.5 miles)
- General Dynamics — defense & aerospace offices (28.0 miles)
- Raytheon — defense & aerospace offices (28.4 miles)
This 32-unit asset at 200 Lovers Ln offers a practical value-add path in an Inner Suburb setting where neighborhood occupancy trails the metro median but rent burdens remain moderate, supporting retention. According to CRE market data from WDSuite, the renter-occupied share is competitive within the Dallas–Plano–Irving landscape, and 3-mile demographics point to continued population and household growth — reinforcing a broader tenant base over the medium term.
Built in 1983, the property is slightly newer than the area's typical late-1970s stock, providing a relative edge versus older inventory while still leaving room for targeted system updates and unit/interior upgrades to drive NOI. Ownership costs in the vicinity are comparatively accessible, which can create some competition with entry-level ownership; disciplined leasing, focus on value features, and capital planning should help sustain performance through cycles.
- Value-add upside: 1983 vintage versus older neighborhood stock allows focused renovations to lift rents and competitiveness.
- Demand drivers: diversified regional employers within commuting range support leasing and tenant retention.
- Retention potential: moderate rent-to-income dynamics and everyday amenities support stable occupancy when operations are executed well.
- Risks: below-median neighborhood occupancy and accessible ownership options may require sharper marketing, amenity positioning, and ongoing capex to sustain absorption.