| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 49th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1705 Big Sur Dr, Arlington, TX, 76006, US |
| Region / Metro | Arlington |
| Year of Construction | 1984 |
| Units | 68 |
| Transaction Date | 2018-05-31 |
| Transaction Price | $7,250,000 |
| Buyer | Singhal Investments LLC |
| Seller | CR Breckenridge Apartments LLC |
1705 Big Sur Dr Arlington Multifamily Investment
1984 vintage, 68-unit asset positioned in an inner-suburb node where neighborhood occupancy has trended stable, according to WDSuite s CRE market data.
This inner-suburb location in Arlington offers daily convenience that supports leasing: grocery and pharmacy access are strong relative to national norms, while restaurant density is competitive for the metro; park and cafe options are thinner inside the neighborhood itself. Median home values sit in a higher range for local incomes, which tends to sustain reliance on rental housing and can aid pricing power for well-managed assets.
Neighborhood occupancy is solid and has improved over the past five years, a constructive backdrop for renewal rates and cash flow stability. Renter concentration is elevated within the neighborhood and remains high within a 3-mile radius, indicating a deep tenant base and ongoing multifamily demand. In WDSuite s multifamily property research, this area rates above the metro median on housing fundamentals, though schools trend below average, which can influence family-oriented tenant profiles.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with forecasts pointing to further increases and smaller average household sizes. For investors, that combination typically enlarges the renter pool and supports occupancy durability, particularly for practical unit mixes. The property s 1984 construction is slightly older than the neighborhood s average vintage, suggesting potential value-add through common-area refreshes and systems modernization to maintain competitive standing versus newer stock.
Safety indicators for the immediate neighborhood track below national averages and rank in the lower tier among 561 Fort Worth Arlington Grapevine neighborhoods. Violent and property offense measures benchmark weak nationally; investors should underwrite security line items and consider operational measures that support resident confidence.
Recent trend data show property offenses moving downward year over year, which is constructive, but the overall safety profile still warrants conservative assumptions and close monitoring. Positioning the asset with appropriate lighting, access controls, and resident engagement can help mitigate leasing friction and retention risk.
Proximity to major corporate employers supports a broad commuter tenant base and can reinforce retention through commute convenience. Key nearby employers include American Airlines Group, Express Scripts, GameStop, Kimberly-Clark, and Celanese.
- American Airlines Group airlines HQ & operations (4.2 miles) HQ
- Express Scripts pharmacy benefits (4.3 miles)
- GameStop retail & e-commerce (9.0 miles) HQ
- Kimberly-Clark consumer products (10.3 miles) HQ
- Celanese specialty materials (10.7 miles) HQ
The property s 68-unit scale and 1984 vintage position it for operational improvements and targeted renovations that can sharpen competitiveness against newer product. Neighborhood fundamentals are supportive: occupancy is firm and trending upward, renter-occupied share is high locally and within a 3-mile radius, and ownership costs relative to incomes point to sustained reliance on rental housing. According to CRE market data from WDSuite, area housing and amenity access perform above the metro median, while schools lag a consideration for unit mix and marketing.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth with forecasts indicating further expansion and smaller average household sizes conditions that typically expand the tenant base and support occupancy stability. Investors should balance these positives against a weaker safety profile by budgeting for security measures and disciplined lease management, and by leveraging proximity to major employers for leasing velocity.
- Stable neighborhood occupancy and elevated renter concentration support renewal and leasing fundamentals.
- 1984 vintage offers value-add potential via interiors, common areas, and systems upgrades to compete with newer supply.
- 3-mile radius shows population and household growth with smaller household sizes, reinforcing a larger tenant base.
- Ownership costs relative to incomes support renter reliance, aiding pricing power and retention.
- Risks: below-average safety metrics and weaker school ratings warrant conservative underwriting and enhanced property operations.