| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 48th | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8900 Collinfield Dr, Austin, TX, 78758, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 31 |
| Transaction Date | 2013-12-16 |
| Transaction Price | $1,280,000 |
| Buyer | 8900 COLLINFIELD LLC |
| Seller | VIKING VILLA LLC |
8900 Collinfield Dr, Austin TX — Value-Add Multifamily
Positioned in Austins Urban Core, the propertys neighborhood shows resilient renter demand and above-national occupancy for the area, according to WDSuites CRE market data. This commercial real estate analysis points to strong grocery and restaurant access that can support leasing despite mixed amenity depth elsewhere.
The surrounding Urban Core neighborhood rates C+ among 527 Austin metro neighborhoods and is above the metro median for overall amenity position by rank. Restaurant density is competitive locally (top quartile nationally), and grocery access is a clear strength (near the top of the metro with top-percentile national coverage), helping daily convenience and lease retention even though cafes, parks, and pharmacies are sparse in the immediate blocks.
Neighborhood occupancy is above the national median, supporting income stability, while it sits mid-pack within the Austin metro, based on WDSuites CRE market data for the neighborhood (not the property). A high share of housing units are renter-occupied in the neighborhood, indicating deep tenant pool depth for multifamily and a larger base to backfill turnover.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, even as average household size trends lower. This combination typically enlarges the renter pool and supports occupancy and leasing velocity for smaller floorplans like the assets compact units.
Ownership costs in the neighborhood are elevated relative to incomes, with home values in a high national percentile and a value-to-income ratio that sits among the highest nationally. That high-cost ownership market tends to reinforce reliance on multifamily rentals, which can aid pricing power and lease retention during steady demand periods.
Safety levels for the neighborhood are below national averages by percentile, indicating investors should underwrite prudent security and loss-prevention measures. However, according to WDSuites data, estimated property offenses have declined year over year, signaling some improvement in trend even as levels remain elevated compared with many neighborhoods nationwide.
Investors typically address this profile through enhanced lighting, access controls, and vendor coordination with onsite management; underwriting should reflect ongoing monitoring of neighborhood trends rather than block-level assumptions.
- Airgas industrial gases (1.7 miles)
- Coca-Cola beverages (2.0 miles)
- Adobe software (3.0 miles)
- New York Life insurance (5.6 miles)
- Arconic engineered products (6.4 miles) HQ
Nearby employers span industrial gases, beverages, software, insurance, and engineered products, supporting a diverse workforce renter base and convenient commutes for residents.
Built in 1972, the 31-unit asset offers clear value-add and capital planning angles typical of older stock, with potential upside from systems upgrades and selective renovations. Average unit size of roughly 339 square feet suggests efficient floorplans aligned with singles and workforce renters, which can benefit from the neighborhoods high renter concentration and nationally competitive occupancy profile, per WDSuite data.
Demand drivers include strong grocery and restaurant access and a high-cost ownership market that tends to sustain rental reliance. Within a 3-mile radius, household growth and projected gains point to a larger tenant base and support for occupancy stability; according to CRE market data from WDSuite, neighborhood occupancy trends are competitive nationally even if mid-pack within the metro. Investors should balance these strengths against below-average safety percentiles and NOI per unit metrics that indicate room for operational optimization alongside careful expense control.
- 1972 vintage offers value-add potential via targeted renovations and system modernization.
- High renter-occupied share in the neighborhood supports a deep tenant base and leasing durability.
- Elevated ownership costs locally tend to sustain rental demand and aid pricing power.
- 3-mile household growth and smaller household sizes expand the renter pool for compact units.
- Risks: below-average safety percentiles and sub-median NOI per unit require prudent underwriting and asset management.