| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 30th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Meadow Dr, Rockdale, TX, 76567, US |
| Region / Metro | Rockdale |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | 2008-07-21 |
| Transaction Price | $2,062,500 |
| Buyer | SUMAYA INVESTMETNS LTD |
| Seller | HONDO LAND & CATTLE CO LTD |
200 Meadow Dr Rockdale TX Multifamily, 2008 Vintage
Built in 2008, this 32-unit asset is newer than much of the area s housing stock and should compete well with older properties, according to WDSuite s CRE market data. Neighborhood renter concentration and amenity access suggest a stable tenant base, while pricing power will depend on careful lease management.
The property sits in an Inner Suburb setting within Milam County, where the neighborhood is ranked 2 out of 14 overall top quartile among 14 Milam County neighborhoods. Local amenity access is a relative strength: cafes and pharmacies rank at the front of the county pack (both rank 1 of 14) and score in the upper national percentiles, indicating everyday convenience that supports renter retention.
Food and daily-needs options are competitive at the county level (restaurants and groceries both rank 2 of 14), while park access is limited. For investors, that mix favors day-to-day livability and workforce appeal, even if recreational green space is sparse.
Tenure patterns suggest a moderate renter-occupied share at roughly 40%, providing a meaningful tenant base without overconcentration. Neighborhood occupancy runs in the high-80s and trends below the national median, so asset-level leasing strategy and management execution will matter for stability.
Relative affordability characterizes the area: home values sit in a low national percentile and rents trend below national medians. That combination can create some competition from ownership options, but the rent-to-income profile indicates manageable affordability pressure, which can aid renewal rates and limit turnover when paired with prudent increases.
Vintage is another differentiator. With the neighborhood s average construction year in the early 1970s, a 2008-built property stands out versus older stock, offering a more modern baseline finish and systems. Investors should still underwrite routine mid-life capital items, but competitive positioning against legacy assets is a clear upside.
Standardized crime metrics for this neighborhood were not available in WDSuite s dataset. Investors commonly triangulate safety using multiple sources (local law enforcement publications, municipal dashboards, and property-level incident history) to gauge comparative risk across Milam County sub-areas and to inform security investments and underwriting assumptions.
Regional employment nodes within commuting distance include insurance, financial services, manufacturing, and technology employers that support workforce housing demand and commuting convenience for tenants: Farmers Insurance Doug Gaul, Raymond James, Arconic, Dell Technologies, and Airgas.
- Farmers Insurance - Doug Gaul insurance (32.2 miles)
- Raymond James financial services (39.3 miles)
- Arconic manufacturing (40.2 miles) HQ
- Dell Technologies technology (40.8 miles) HQ
- Airgas industrial gases (44.0 miles)
This 2008-vintage, 32-unit property offers a relative quality edge versus older neighborhood stock and benefits from everyday convenience amenities that support retention. According to CRE market data from WDSuite, neighborhood occupancy trends in the high-80s suggest stable but competitive leasing conditions, making operational execution and renter targeting important to drive outcomes.
Area affordability is a double-edged factor: lower home values and below-median rents can temper rent growth but also support renewal rates when increases are calibrated to local incomes. The neighborhood s moderate renter-occupied share indicates a meaningful tenant base, while proximity to diverse employment hubs within 30 45 miles underpins workforce housing demand.
- 2008 construction provides competitive positioning versus older local stock, with manageable mid-life capital planning.
- Amenity access (food, pharmacy, services) supports leasing velocity and day-to-day livability.
- Moderate renter-occupied share supports a stable tenant base and renewal potential.
- Risk: below-median neighborhood occupancy and more accessible ownership options require disciplined pricing and marketing to sustain absorption.