| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 20th | Poor |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 W Corral Ave, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1992 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 W Corral Ave Kingsville Multifamily Investment
1992 vintage in a renter-heavy pocket of Kingsville offers workforce-oriented demand drivers; according to WDSuite’s CRE market data, grocery access is competitive locally while occupancy trends call for disciplined leasing and asset management.
This Inner Suburb location balances basic conveniences with budget-friendly rents. Grocery density ranks competitive among 12 Kingsville neighborhoods, while cafés, parks, and pharmacies are sparse, indicating limited discretionary amenities. Median contract rents in the neighborhood sit on the lower end compared with U.S. areas (around the lower third nationally), which supports lease-up for value-oriented product but can moderate pricing power.
The 1992 construction is newer than the neighborhood’s typical 1970s housing stock, positioning the property as comparatively competitive versus older buildings. Investors should still plan for modernization of systems and interiors as appropriate for a 1990s asset to protect occupancy and curb maintenance variability.
Renter-occupied housing accounts for a high share of units in the neighborhood (top decile nationally and strongest in Kingsville out of 12 neighborhoods), signaling depth in the tenant base that can support demand for smaller-format units. Neighborhood occupancy sits below stronger metro peers, so consistent marketing and resident retention programs remain important to stabilize.
Within a 3-mile radius, demographics indicate a growing tenant pool: total population edged up over the last five years, households expanded meaningfully, and average household size declined. Looking forward to 2028, forecasts show additional population growth, a larger number of households, and a rising renter share, which collectively point to a broader renter base and potential support for occupancy. Projected rent levels in the area trend higher from a low base, but investors should underwrite conservatively and align upgrades with achievable rents.
Home values in the neighborhood are well below national norms, creating a relatively low-cost ownership market. For multifamily owners, that dynamic can introduce competition from entry-level ownership options; effective retention may rely on maintaining a value proposition around convenience, move-in readiness, and predictable housing costs.
Neighborhood safety indicators compare favorably in several respects. Overall crime ranks competitive among 12 Kingsville neighborhoods, and violent offense rates are in the top percentile nationally for safety, with year-over-year violent incidents trending lower. These patterns suggest comparatively stable conditions versus many U.S. neighborhoods.
Property crime indicators are closer to national mid-to-better ranges and have shown some recent fluctuation. Investors should consider routine security measures and lighting, along with resident engagement, to sustain on-site safety performance relative to regional trends.
This 20-unit, 1992-built asset offers exposure to a renter-concentrated pocket of Kingsville with modest rents and grocery access that is competitive locally. Based on CRE market data from WDSuite, neighborhood occupancy trails stronger metro peers, but a high share of renter-occupied units and forecast growth in households within a 3-mile radius point to a broader tenant base that can support stabilization. The 1990s vintage presents a manageable path for targeted renovations to improve retention and capture achievable rent steps from a low base.
Key underwriting considerations include the area’s low home values, which can compete with rentals, and evidence of affordability pressure in parts of the neighborhood that calls for careful lease management. Prudent capital planning for system updates, practical amenity upgrades, and disciplined marketing should position the asset to compete against older stock and maintain occupancy through cycles.
- Renter-heavy neighborhood supports demand depth and leasing velocity
- 1992 vintage can out-compete older local stock with targeted upgrades
- 3-mile outlook shows household growth, enlarging the local tenant base
- Grocery access competitive among 12 Kingsville neighborhoods aids livability
- Risk: below-peak neighborhood occupancy and low-cost ownership require careful pricing and retention