| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 28th | Poor |
| Amenities | 9th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7120 Baker Blvd, Richland Hills, TX, 76118, US |
| Region / Metro | Richland Hills |
| Year of Construction | 1995 |
| Units | 90 |
| Transaction Date | 2015-07-23 |
| Transaction Price | $2,686,300 |
| Buyer | THE PARC AT BAKERS POINTE LP |
| Seller | GREATEST GEN SENIOR HOUSING LTD |
7120 Baker Blvd Richland Hills Multifamily Investment
Neighborhood occupancy trends sit in the upper half of the Fort Worth metro and support steady leasing, according to WDSuites CRE market data. This inner-suburb location offers workforce demand fundamentals with manageable rent-to-income dynamics, aiding retention in most cycles during thoughtful commercial real estate analysis.
Richland Hills is an inner-suburb location within the Fort WorthArlingtonGrapevine metro that skews more workaday than lifestyle-driven. Amenity access measures weaker among local peers (ranked 473 out of 561 metro neighborhoods), though basic services and restaurants are reachable, with restaurants landing near the middle of national comparisons. Investors should underwrite convenience primarily around commuter access and everyday services rather than destination retail.
The neighborhoods renter-occupied share is about two-fifths of housing units (ranked 178 of 561), indicating a meaningful tenant base that can support multifamily absorption and renewal activity. Neighborhood occupancy is above the metro median (ranked 271 of 561) and has edged up over the past five years, which points to resilient baseline demand rather than reliance on short-term spikes.
Within a 3-mile radius, population has been stable to slightly positive in recent years, while the number of households has increased, signaling smaller average household sizes and a broader renter pool over time. Forward-looking data in this same 3-mile radius shows continued growth in households, which can expand the addressable tenant base and help support occupancy stability and lease-up velocity for moderately priced units.
Home values in this part of Tarrant County sit below many coastal markets and closer to regional norms, which keeps ownership more accessible than in high-cost metros; for multifamily owners, that typically means steadier but competitive renter dynamics that emphasize service and value. A rent-to-income ratio near the low-20% range in neighborhood metrics suggests manageable affordability pressure that can aid retention while moderating near-term pricing power.
The average construction year for neighborhood housing stock is older than the subject property (1979 vs. the propertys 1995). This relative youth can be an operational advantage against older comparables, while still leaving room for targeted modernization to reinforce competitive positioning.
Safety indicators are mixed and should be underwritten with care. Compared with other neighborhoods nationwide, this area sits below the middle of the pack on safety (national percentile in the mid-20s). Within the Fort WorthArlingtonGrapevine metro, its crime positioning ranks in the less favorable half (439 out of 561 neighborhoods), indicating investors may want to budget for visibility, lighting, and resident engagement measures that support retention.
Recent trends diverge by category: property offense estimates have eased modestly year over year, while violent offense estimates have risen over the same period. Operators should calibrate security protocols to these patterns and monitor local policing and community initiatives over time.
Proximity to major corporate employment hubs supports a broad renter base and commuter convenience. Key nearby employers include homebuilding, airlines, gaming retail, diversified manufacturing, and pharmacy services, which together can underpin steady leasing and renewal potential.
- D.R. Horton homebuilding (7.0 miles) HQ
- American Airlines Group airlines (10.3 miles) HQ
- Gamestop retail headquarters & corporate (10.4 miles) HQ
- Parker Hannifin Corporation diversified manufacturing offices (10.5 miles)
- Express Scripts pharmacy benefit services (10.9 miles)
This 90-unit, 1995-vintage property offers a mid-size platform in an inner-suburb corridor where neighborhood occupancy trends are above the metro median and renter concentration provides depth to the tenant base. Relative to older local stock, the 1995 construction gives a competitive edge on systems and functionality, with targeted renovations likely to enhance positioning against 1970s-era comparables. According to CRE market data from WDSuite, rent levels and rent-to-income metrics suggest manageable affordability pressure that can support retention-focused operations.
Within a 3-mile radius, household counts have increased and are projected to continue rising, pointing to a larger tenant base and demand for rental units even if population growth remains modest. Employment access to major corporate nodes further supports demand durability, though operators should account for mixed safety signals and a thinner amenity environment when shaping resident experience and marketing.
- Neighborhood occupancy trends above metro median support leasing stability
- 1995 vintage provides a competitive edge over older local stock with value-add potential
- 3-mile household growth and proximity to diverse employers broaden the renter pool
- Affordability metrics indicate room for retention-focused operations and disciplined rent setting
- Risks: below-average safety indicators and limited neighborhood amenities may require elevated operating focus