| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 57th | Best |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13665 Teague Ln, Corpus Christi, TX, 78410, US |
| Region / Metro | Corpus Christi |
| Year of Construction | 2007 |
| Units | 20 |
| Transaction Date | 2015-10-21 |
| Transaction Price | $1,700,000 |
| Buyer | Jamie Sandoval, LP |
| Seller | --- |
13665 Teague Ln, Corpus Christi TX Multifamily Opportunity
Positioned in a suburban pocket with stable neighborhood occupancy and strong household incomes, this 20-unit asset offers durable renter demand according to WDSuite s CRE market data.
The property sits in a suburban neighborhood rated A- and ranked 27 out of 121 within the Corpus Christi metro, indicating competitive positioning versus most metro peers. Local schools average 3.66 out of 5 (ranked 12 of 121), placing the area in the top quartile nationally for school quality a factor that can support family-oriented renter retention.
Neighborhood occupancy is 88.9%, which is above the metro median but below the national midpoint. Median contract rents in the neighborhood rank 23 of 121 and sit around the upper-mid range nationally, suggesting the submarket supports steady pricing for well-maintained product. With a rent-to-income ratio near 0.10 and household incomes in the top quartile of metro neighborhoods (rank 10 of 121), the tenant base exhibits lower affordability pressure, which can aid lease stability and renewals.
Renter-occupied share is modest at the neighborhood level (rank 92 of 121), signaling an owner-heavy area that may temper near-term absorption for smaller units but can favor stability for larger formats. Within a 3-mile radius, demographics point to population growth over the past five years with further expansion projected, alongside a forecast rise in renter concentration from roughly 29% toward the mid-30% range. This implies a gradually expanding renter pool that supports occupancy over the medium term.
Amenity access is mixed: cafes and pharmacies track competitive-to-above-average versus national benchmarks, while parks and formal childcare are limited in the immediate neighborhood. Home values are elevated relative to many U.S. areas but remain moderate for Texas, which can create some competition from ownership; however, it also supports demand for flexible rental options among higher-earning households. Constructed in 2007, the property is newer than the average neighborhood vintage of 1992, providing a competitive edge versus older stock, while still warranting ongoing systems upkeep and selective modernization to sustain performance.
Safety indicators are mixed when viewed across metro and national frames. The neighborhood s crime rank is 24 out of 121 Corpus Christi neighborhoods, which is below the metro median (i.e., relatively higher incident levels than many local peers). Nationally, the area trends around the middle of the pack, with overall crime in the mid-50s percentile compared to neighborhoods nationwide.
Recent momentum is constructive: property offenses are estimated to have declined meaningfully year over year (with improvement metrics in the upper-national percentiles), and violent offenses show modest improvement as well. For investors, the takeaway is a submarket with safety that lags many metro peers but shows improving year-over-year trends; prudent on-site security design and resident engagement can help support leasing and retention.
This 2007-vintage, 20-unit property benefits from a suburban location with above-metro-median neighborhood occupancy and a tenant base supported by top-quartile household incomes. Median neighborhood rents sit in a competitive band for the Corpus Christi metro, and a low rent-to-income profile suggests headroom for disciplined revenue management without overextending residents. Within a 3-mile radius, recent population growth and a projected increase in renter concentration point to a gradually expanding tenant base that supports occupancy stability. Based on commercial real estate analysis from WDSuite, local schools rate well and amenity access is serviceable, enhancing long-term leasing appeal.
Relative to the neighborhood s older average vintage, 2007 construction offers a competitive position versus older stock, while still requiring normal capital planning for mid-life systems and selective modernization to protect pricing power. Key considerations include an owner-heavy housing mix that can moderate absorption velocity and a safety profile that trails many metro peers despite recent improvement; these are manageable with targeted asset management and underwriting discipline.
- Suburban location with above-metro-median neighborhood occupancy and competitive rent positioning
- High household incomes and low rent-to-income ratios support retention and pricing discipline
- 2007 vintage outcompetes older neighborhood stock; plan for mid-life systems and selective updates
- 3-mile demographics show population growth and rising renter concentration, reinforcing tenant demand
- Risks: owner-heavy area and below-metro-average safety positioning; mitigate via underwriting and operations