| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 59th | Good |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3255 Sagestone Dr, Fort Worth, TX, 76177, US |
| Region / Metro | Fort Worth |
| Year of Construction | 2013 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3255 Sagestone Dr Fort Worth Multifamily Investment
Positioned in an inner-suburban pocket with strong household growth and a sizable renter-occupied base, the asset benefits from durable demand signals even as neighborhood occupancy trends fluctuate, according to WDSuite’s CRE market data.
This Inner Suburb neighborhood carries an A rating and ranks 67 out of 561 metro neighborhoods, placing it in the top quartile locally for overall quality. Food-and-beverage access is a notable strength: cafes and restaurants score competitively among Fort Worth-area neighborhoods, with cafes especially dense relative to the metro and strong when compared with national peers. Grocery and pharmacy access are solid, though park access is limited, which investors should weigh when evaluating lifestyle appeal.
Rents in the neighborhood sit above many U.S. areas and have risen over the past five years, while the neighborhood’s renter-occupied share is elevated versus national norms. This combination supports a deeper tenant base and can aid lease-up and retention, though the neighborhood-level occupancy rate trails metro leaders and warrants conservative underwriting for near-term stabilization.
Within a 3-mile radius, demographics point to sustained multifamily demand: population and households have grown and are projected to expand further, with higher-income cohorts increasing their share. This pattern typically supports pricing power for well-amenitized properties and helps buffer occupancy during softer leasing seasons.
The property’s 2013 construction is newer than the neighborhood’s average vintage (2009). That positioning can enhance competitiveness versus older stock; however, investors should still plan for mid-life capital items and selective modernization to meet current renter expectations.
Home values in the neighborhood are lower than many coastal markets, which can mean some competition from ownership. Even so, elevated neighborhood rents and a sizable renter-occupied segment suggest multifamily remains an attractive housing option, supporting depth of demand and lease retention for well-run assets.
Safety indicators are mixed. The neighborhood sits around the metro median based on crime rankings among 561 Fort Worth-area neighborhoods, and it tracks below the national median for safety. On a positive note, violent offense rates have improved over the last year, and property offense trends show recent declines. Investors should underwrite with standard risk controls (lighting, access management, and resident screening) and monitor submarket trends over time rather than block-level anecdotes.
Proximity to major corporate employers supports renter demand through commute convenience and a broad professional workforce. Nearby anchors include D.R. Horton, Parker Hannifin, GameStop, Stryker, and American Airlines Group.
- D.R. Horton — homebuilding HQ (10.7 miles) — HQ
- Parker Hannifin Corporation — industrial & motion control (11.5 miles)
- GameStop — retail HQ (12.9 miles) — HQ
- Stryker — medical technology offices (15.8 miles)
- American Airlines Group — airline HQ (16.1 miles) — HQ
The asset’s inner-suburban location combines strong amenity access with demographics that support a larger tenant base. Neighborhood rents and renter concentration are supportive for multifamily, while occupancy levels at the neighborhood scale are softer than top-tier submarkets, suggesting disciplined leasing assumptions. The 2013 vintage should compare well to older stock, with targeted capital to keep finishes and systems competitive.
According to CRE market data from WDSuite, recent crime trends show improvement and food-and-beverage density is competitive among Fort Worth neighborhoods. Within a 3-mile radius, population and household growth—alongside rising incomes—point to continued renter pool expansion and potential for steady absorption, provided operators remain attentive to pricing, renewals, and amenities.
- Inner-suburban A-rated location with competitive amenity access supporting daily convenience and leasing velocity
- 2013 construction offers a competitive edge versus older stock, with manageable mid-life capex planning
- 3-mile growth in population and households expands the renter pool, aiding occupancy stability and rent resilience
- Proximity to major employers supports demand from diversified professional households
- Risk: neighborhood occupancy trails metro leaders; prudent underwriting and focused operations are key