| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 35th | Poor |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 Rio Grande St, Glen Rose, TX, 76043, US |
| Region / Metro | Glen Rose |
| Year of Construction | 1984 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
102 Rio Grande St, Glen Rose TX Multifamily Value-Add
Rural neighborhood occupancy sits in the low-90% range, pointing to steady renter demand relative to local supply, according to WDSuite s CRE market data. The 1984 vintage suggests potential to create yield through targeted renovations while maintaining focus on leasing stability.
Glen Rose is a rural submarket with modest amenity density but reliable occupancy fundamentals. Neighborhood occupancy is 91.3%, placing the area around the metro median among 6 Somervell County neighborhoods and signaling a stable leasing backdrop for workforce-oriented units, based on CRE market data from WDSuite.
The property s 1984 construction is older than the area s average vintage (1999). For investors, this typically points to near- to medium-term capital planning needs (exteriors, common areas, systems) and value-add potential to sharpen competitive positioning versus newer stock.
Tenure data indicates a renter-occupied share of roughly 21% of housing units. While that reflects a smaller renter base typical of rural markets, it also suggests demand tied to local employment and service sectors, which can support steady occupancy when pricing is managed carefully.
Home values sit in a high-cost ownership context relative to local incomes (value-to-income ratio is competitive among Somervell County neighborhoods and above national mid-range), which can reinforce reliance on rentals. At the same time, rents benchmark as manageable versus incomes (rent-to-income measures above the national midpoint), supporting retention and reducing turnover pressure. Limited retail and service density is partially offset by access to outdoor amenities, with park availability tracking above national mid-range.
Neighborhood-level crime ranks and percentiles are not available for this location in current WDSuite datasets. Investors typically benchmark Glen Rose against Somervell County and comparable rural Texas areas, pairing official local reports with on-the-ground diligence to understand safety trends and their implications for tenant retention and leasing.
Regional employment access is anchored by corporate offices within commuting range, which can support renter demand and lease stability for workforce housing. Notable employers include Ball, Parker Hannifin, and D.R. Horton.
- Ball Metal Beverage Packaging beverage packaging offices (38.0 miles)
- Parker Hannifin Corporation motion & control technologies offices (41.4 miles)
- D.R. Horton homebuilding (43.2 miles) HQ
The investment case centers on steady neighborhood occupancy around 91% and a 1984 vintage that offers value-add levers. According to CRE market data from WDSuite, renter affordability benchmarks as manageable relative to incomes, which can underpin retention, while a relatively higher ownership cost-to-income profile supports continued renter reliance in this rural market.
Execution focus should balance targeted renovations with disciplined rent-setting to maintain occupancy. Given limited local amenities and a smaller renter pool, durable performance is most likely where operational efficiency and asset upgrades translate to tangible livability improvements.
- Stable neighborhood occupancy provides a supportive leasing backdrop
- 1984 vintage presents clear value-add and capital planning opportunities
- Renter affordability and ownership cost context support retention and demand
- Risk: smaller renter base and limited amenity density require careful pricing and marketing