| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 26th | Poor |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Airport Rd, Emory, TX, 75440, US |
| Region / Metro | Emory |
| Year of Construction | 2004 |
| Units | 20 |
| Transaction Date | 2015-10-28 |
| Transaction Price | $65,600 |
| Buyer | MITCHELL TYLER C |
| Seller | ALEXANDER GEORGE IVAN |
300 Airport Rd Emory TX 20-Unit Multifamily
Neighborhood occupancy around 90% and a renter-occupied share near 41% point to a stable tenant base in this submarket, according to WDSuite’s CRE market data. Figures reflect the surrounding neighborhood, not the property, and suggest steady leasing fundamentals with modest rent positioning.
This suburban pocket of Emory ranks in the top quartile among 8 metro neighborhoods with a B+ neighborhood rating, per WDSuite, indicating relatively competitive local fundamentals for a smaller East Texas market. The area’s renter-occupied share of housing units (about 41%) supports depth for multifamily demand, while neighborhood occupancy near 90% suggests generally steady leasing conditions at the submarket level.
Rents in the neighborhood skew below national norms, which can aid lease-up velocity and retention for well-managed workforce housing. At the same time, elevated value-to-income dynamics for for-sale housing in the area indicate a high-cost ownership market relative to local incomes, which can sustain reliance on multifamily options and support occupancy stability.
Local amenities are modest but practical for daily needs. Restaurant and cafe density compares favorably to peer neighborhoods in the county, while grocery access is competitive for the area. School ratings trend below national midpoints, which may influence renter profiles toward workforce households; investors should calibrate marketing and amenities accordingly to align with local demand drivers.
The 2004 construction vintage is newer than the neighborhood’s average 1980s-era stock. That positioning typically improves curb appeal and operating competitiveness versus older properties, though investors should still plan for mid-life system updates and selective renovations to maintain pricing power.
Specific crime metrics for this neighborhood are not available in WDSuite’s dataset. Investors commonly benchmark neighborhood safety qualitatively against county and regional trends, incorporate local law enforcement briefings, and review recent incident patterns during site due diligence. As with any secondary-market location, underwriting should reflect prudent assumptions and in-person observation.
Regional employment is anchored by services and insurance within commuting range, providing a broad workforce base that supports renter demand and lease retention. Nearby employer access is most relevant to residents commuting to larger job nodes, including insurance services.
- State Farm Insurance — insurance services (42.0 miles)
Built in 2004, this 20-unit asset benefits from a newer vintage than much of the surrounding 1980s-era stock, enhancing competitive positioning while leaving room for targeted value-add through interior updates and system refreshes. Neighborhood-level data from WDSuite points to steady renter demand, with renter-occupied housing concentration and occupancy around 90% indicating a tenant base that supports stable operations.
Rents in the area are positioned below national levels, which can aid leasing and retention, while higher ownership cost dynamics relative to incomes reinforce reliance on rental housing. According to commercial real estate analysis from WDSuite, these factors collectively suggest durable demand for workforce-oriented product, provided operators manage affordability pressure and calibrate capital plans appropriately.
- 2004 vintage offers competitive positioning versus older neighborhood stock with targeted renovation upside
- Neighborhood occupancy near 90% supports operational stability at the submarket level
- Below-national rent positioning can aid lease-up and retention for workforce renters
- Ownership costs relative to incomes bolster reliance on rental housing, supporting demand depth
- Risk: lower school ratings and limited nearby employers may constrain some renter segments; underwriting should reflect conservative growth assumptions