| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 29th | Good |
| Amenities | 35th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 N Fairgrounds Rd, Rio Grande City, TX, 78582, US |
| Region / Metro | Rio Grande City |
| Year of Construction | 2005 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 N Fairgrounds Rd Rio Grande City Multifamily Investment
Renter demand appears durable at the neighborhood level, with moderate occupancy and service-oriented amenities nearby, according to WDSuite’s CRE market data. Forecasts within a 3-mile radius indicate a larger household base, supporting leasing stability for well-positioned units.
Rio Grande City’s neighborhood surrounding 600 N Fairgrounds Rd rates A- and ranks 5th among 26 metro neighborhoods, placing it above the metro median for overall fundamentals. The area functions as a lower-density, rural setting where day-to-day needs are met primarily by local services rather than dense urban retail.
Amenities skew practical: grocery access is competitive among Rio Grande City–Roma neighborhoods (rank 7 of 26), while restaurants index well relative to national benchmarks. Cafés, parks, and pharmacies are sparse, which is typical for rural submarkets and suggests residents rely on broader trade-area nodes for discretionary retail.
The neighborhood’s renter-occupied share is modest (about one-fifth of housing units), indicating a thinner but steady tenant pool. Within a 3-mile radius, recent trends show a slight population dip but growth in households and families, pointing to smaller household sizes and a broader leasing base. Forward-looking data for the same 3-mile radius projects a meaningful increase in households by 2028 alongside a higher renter share, which supports multifamily demand and occupancy stability for well-maintained assets.
Ownership costs are relatively accessible in this market, which can create some competition with entry-level ownership. However, rents benchmark as manageable relative to incomes (rent-to-income ratios track favorably), supporting retention and lease performance. With a 2005 construction year, the property is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while still warranting selective system updates and common-area refreshes as part of a forward capital plan.
Safety indicators for the neighborhood compare favorably at the national level. Violent offense metrics are among the safest nationwide (near the top percentile), while property incidents trend modestly better than national norms. As with any submarket, conditions can vary by block and over time, so investors should confirm current trends during diligence.
Within the Rio Grande City–Roma metro (26 neighborhoods), this area’s comparative positioning suggests a generally stable operating environment for workforce housing, but prudent on-the-ground verification remains advisable prior to acquisition and during underwriting.
The employment base draws from logistics and business services in the broader region, supporting workforce housing demand and commute-linked retention for residents. The employers below reflect larger nodes within driving range of the property.
- R R Donnelley & Sons — business services (38.6 miles)
- United Parcel Service — logistics (40.6 miles)
This 2005-vintage, 40-unit asset sits in a neighborhood that ranks above the metro median and benefits from practical retail and competitive grocery access. According to CRE market data from WDSuite, the local renter concentration is modest today, but the 3-mile radius shows household growth and a rising renter share in the outlook period, expanding the tenant base. Lower rent-to-income levels indicate manageable affordability pressure, which supports retention, though it may temper near-term pricing power.
Relative to older housing stock nearby, the property’s vintage provides a competitive edge. Investors can target selective value-add—common-area upgrades and system modernization—to enhance leasing velocity and maintain occupancy as household formation within the 3-mile radius increases despite a slight population contraction.
- Above-metro neighborhood rating with service-oriented amenities that support day-to-day livability
- 2005 vintage positions the asset competitively versus older local stock; targeted upgrades can lift NOI
- 3-mile radius shows growing household counts and a rising renter share, supporting tenant base expansion
- Manageable rent-to-income levels aid lease retention; potential trade-off with immediate rent growth
- Risk: thinner café/park/pharmacy presence and accessible ownership options may compete with rentals