| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 51st | Fair |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Stadium Dr, Glen Rose, TX, 76043, US |
| Region / Metro | Glen Rose |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
701 Stadium Dr Glen Rose TX Multifamily Location
Neighborhood occupancy is strong and amenity access is solid for a small Texas market, according to WDSuite’s CRE market data, supporting a straightforward hold-or-improve thesis focused on retention and steady leasing.
This Inner Suburb neighborhood carries a B rating and is competitive among the 6 neighborhoods in Somervell County, with daily needs covered by above-median access to grocery, pharmacy, and dining. Amenity density scores in the upper national percentiles for restaurants, groceries, and pharmacies, which helps underpin renter convenience and day-to-day livability.
Neighborhood occupancy is approximately 97% and sits in the top quartile nationally, based on CRE market data from WDSuite. The share of renter-occupied housing units is moderate at roughly two-fifths of the stock, indicating a meaningful but not saturated tenant base that can support leasing durability for well-managed multifamily.
Schools in the area average around 4.0 out of 5 and are top quartile nationally, a family-friendly signal that can support retention. Within a 3-mile radius, demographics are near national medians for income and education, population has been broadly stable, and household sizes have trended larger—dynamics that generally point to a stable or expanding renter pool for appropriately sized and priced units.
Home values and value-to-income ratios track close to national norms, while rent-to-income is measured near the lower side for renters in this area. For investors, that combination suggests rents are generally manageable relative to incomes—supportive of lease renewals—while ownership remains accessible enough that pricing power is earned through quality, maintenance, and convenience rather than scarcity alone.
The property’s 1988 vintage is newer than the neighborhood’s typical 1970 stock. That positioning can be competitive versus older assets, though investors should plan for selective modernization and systems upgrades typical for late-1980s construction to maintain rentability and reduce near-term capital surprises.
Comparable neighborhood-level safety metrics are not available in the current dataset for this area. Investors should evaluate safety using multiple sources and time horizons, including local law enforcement reports and property-level history, and benchmark findings against Somervell County and peer neighborhoods to understand trend direction and relative standing.
- Ball Metal Beverage Packaging — manufacturing (39.0 miles)
- Parker Hannifin Corporation — industrial components (42.4 miles)
- D.R. Horton — homebuilding (44.2 miles) — HQ
Regional employers within commuting range broaden the renter base and can support leasing stability, particularly for workforce households tied to industrial and corporate operations listed below.
The investment case centers on stable neighborhood fundamentals, competitive amenity access, and a renter base supported by schools and everyday convenience. Occupancy for the neighborhood is high and in the top quartile nationally, which supports a focus on tenant retention and operational execution rather than heavy lease-up risk. The 1988 vintage is positioned newer than much of the local stock, providing a foundation for targeted value-add—interior refreshes and system updates—to enhance rentability without overcapitalizing.
Home values and rent-to-income sit near national norms, implying moderate pricing power that is best realized through maintenance quality and service. According to CRE market data from WDSuite, amenity access and school ratings rank well by national comparison, reinforcing demand drivers. Within a 3-mile radius, income levels near the national median and stable population suggest a durable tenant base; larger household sizes point to sustained need for practical, well-managed units.
- High neighborhood occupancy supports leasing stability and renewal strategy.
- 1988 vintage allows targeted value-add to compete with older local stock.
- Amenity and school strength (top quartile nationally) bolster renter demand and retention.
- Balanced ownership landscape means pricing power is earned via quality and convenience.
- Risks: smaller-market depth and commuting distances to major employers may temper absorption and rent growth.