| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 68th | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5525 S Alameda St, Corpus Christi, TX, 78412, US |
| Region / Metro | Corpus Christi |
| Year of Construction | 2007 |
| Units | 78 |
| Transaction Date | 2008-04-01 |
| Transaction Price | $13,500,000 |
| Buyer | Campuscal, LLC |
| Seller | Campus Village Alameda LP |
5525 S Alameda St Corpus Christi Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand supported by a high-cost ownership backdrop, according to WDSuites CRE market data. Metrics cited reflect neighborhood conditions, not the propertys own occupancy or performance.
The property sits in a suburban Corpus Christi neighborhood rated A+ and positioned in the top quartile among 121 metro neighborhoods, per WDSuite. Park access is a clear strength (nationally strong), with grocery and pharmacy proximity also above typical U.S. availability. Restaurant options are reasonable for a suburban setting, while cafe density is limited.
At the neighborhood level, the average construction year skews older than this assets 2007 vintage. Being newer than the local average (1973) can support competitive positioning versus older stock; investors should still underwrite routine mid-life systems updates or light renovations for modernization.
Rents in the neighborhood sit around the U.S. middle, and the rent-to-income relationship trends toward manageable levels, which can aid lease retention. Median home values are elevated relative to incomes (a higher value-to-income ratio), indicating a high-cost ownership market that tends to sustain reliance on multifamily housing and deepen the tenant base.
Occupancy measured at the neighborhood level has been softer in recent years and remains below national norms; investors should plan for active leasing and renewal management. Within a 3-mile radius, demographics show a stable population with modest recent growth and a renter-occupied share near half of housing units, supporting a broad tenant pool. Forward-looking estimates indicate an increase in households over the next five years, which would expand the local renter base and support occupancy stability.
Safety indicators present a mixed but improving picture. Within the Corpus Christi metro, this neighborhoods crime rank sits below the metro median among 121 neighborhoods, signaling relatively higher reported incidents than many peer areas. Nationally, property and violent offense rates track below the U.S. median, and both have improved over the past year, with notable year-over-year declines in reported property offenses. These trends should be monitored, but recent momentum is constructive for investor underwriting.
This 78-unit, 2007-vintage asset offers scale in a suburban submarket where ownership costs remain high relative to household incomes, reinforcing multifamily demand. Neighborhood amenities are strong for parks and daily needs, while local rents benchmark near the national middle, supporting retention. Based on CRE market data from WDSuite, neighborhood occupancy has been softer than national norms, suggesting value in hands-on leasing, but forward 3-mile demographic projections point to household growth that can expand the renter pool.
Relative to older local stock, the propertys newer vintage can help competitiveness while still benefiting from selective updates to enhance positioning. Investors should balance the demand tailwinds from a high-cost ownership market and household growth with prudent assumptions around leasing velocity and neighborhood safety trends.
- Newer 2007 vintage versus older neighborhood stock supports competitive positioning
- High-cost ownership backdrop sustains reliance on rentals and deepens tenant base
- Daily-needs access (parks, grocery, pharmacy) bolsters livability and retention
- 3-mile household growth outlook expands the prospective renter pool
- Risks: softer neighborhood occupancy and mixed safety metrics require active leasing and ongoing monitoring