| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 47th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 Lometa Dr, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2800 Lometa Dr Amarillo Multifamily Opportunity
Renter demand is supported by a high renter-occupied share and strong everyday amenities in the surrounding neighborhood, according to WDSuites CRE market data. Pricing remains relatively accessible for tenants, which can aid retention, though occupancy trends in the area warrant active asset management.
The property sits in an Inner Suburb of Amarillo with an A neighborhood rating, ranked 11 out of 87 metro neighborhoodscompetitive among Amarillo submarkets. Daily-needs access is a clear strength: the area ranks 1st for restaurants and 2nd for grocery stores out of 87 neighborhoods locally, with both measures in the mid-to-high 90s nationally, supporting convenience and leasing appeal.
Neighborhood rents are modest relative to incomes (rent-to-income sits below national averages), which can reduce affordability pressure and support lease stability. Median home values are lower than national norms, which can introduce some competition from ownership, but the neighborhoods renter concentration is top quartile among the 87 Amarillo neighborhoods and well above national normsa positive indicator for depth of the tenant base.
Within a 3-mile radius, demographics show a stable age mix and a recent dip in population but an increase in household counts, pointing to smaller household sizes and a potential expansion of the renter pool. Forward-looking 3-mile projections indicate growth in households and higher incomes, which can bolster multifamily demand and support occupancy over the medium term.
School ratings average around the mid-range (about 3 out of 5), which is competitive for workforce-oriented assets. The neighborhoods occupancy level is below the metro median (ranked 72 of 87), suggesting investors should plan for more hands-on leasing and renewal strategies, yet the strong amenity access and robust renter share help counterbalance demand risk.
Safety indicators are mixed compared with broader benchmarks. Neighborhood-level crime ranks in the lower half among 87 Amarillo neighborhoods and below national averages overall, though violent-offense metrics are closer to national mid-range. Property offense rates have trended lower year over year, signaling some recent improvement.
Given this profile, investors should underwrite with prudent security and lighting upgrades and emphasize resident engagement; trends can vary within small areas, so property-level measures often have an outsized impact on perceptions and retention.
Nearby employment adds commute convenience for renters, anchored by utilities operations that support steady regional hiring.
- Xcel Energy utilities operations (2.2 miles)
This 48-unit asset is positioned in an amenity-rich Inner Suburb where renter-occupied housing is comparatively high and daily-needs access is among the best in the metro. According to commercial real estate analysis from WDSuite, the neighborhoods restaurant and grocery density sits near the top nationally, reinforcing leasing appeal and day-to-day convenience. Rents are generally accessible relative to incomes, which can support retention and reduce turnover costs.
Key considerations include neighborhood occupancy that trails the metro median and safety metrics that are below national averages. These risks are balanced by a deep renter pool, strong household growth projections within 3 miles, and improving property-offense trends. Execution should focus on attentive leasing, customer service, and targeted upgrades to sharpen competitiveness against both nearby rentals and attainable ownership options.
- Amenity-rich location with top-tier restaurant and grocery access in the metro
- High renter concentration supports a deeper tenant base and demand stability
- Accessible rents relative to incomes can aid retention and limit turnover costs
- Household growth within 3 miles and rising incomes point to medium-term demand
- Risks: below-metro occupancy and below-national safety metrics require active management