| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 73rd | Best |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7760 McCallum Blvd, Dallas, TX, 75252, US |
| Region / Metro | Dallas |
| Year of Construction | 1988 |
| Units | 68 |
| Transaction Date | 2024-09-03 |
| Transaction Price | $28,000,000 |
| Buyer | 7720 MCCALLUM HOLDINGS LLC |
| Seller | ORTOLANI SHELLEY |
7760 McCallum Blvd Dallas Multifamily Investment Thesis
Positioned in Dallas s inner suburbs, this 68-unit asset benefits from a deep renter base and resilient occupancy in the surrounding neighborhood, according to WDSuite s CRE market data. The submarket s high home values support sustained multifamily demand and pricing discipline.
The property sits in an Inner Suburb pocket of Dallas with a neighborhood rating of B and occupancy that has been steady relative to broader metro swings. Neighborhood occupancy is measured for the area, not the property, and remains near the metro middle, while renter-occupied housing is a meaningful share of units, signaling depth for lease-up and renewal strategies.
Amenity access is mixed: restaurants score competitive among Dallas-Plano-Irving neighborhoods (ranked 376 out of 1,108, roughly the upper third), and pharmacies are strong by national comparison (93rd percentile). Cafe, grocery, childcare, and park densities are lighter, so residents tend to rely on nearby corridors for daily needs a consideration for marketing and retention.
Within a 3-mile radius, demographics point to a stable and affluent renter pool: median household income is strong with meaningful growth over the last five years, and population and household counts are projected to increase through 2028, expanding the tenant base. Elevated home values (around the 90th percentile nationally) and a high value-to-income ratio reinforce reliance on multifamily housing, supporting lease stability and measured rent growth. This framing reflects commercial real estate analysis trends for comparable inner-ring Dallas neighborhoods.
Vintage also matters: built in 1988 versus a neighborhood average year of 1977, the asset skews newer than much of the local stock, aiding competitive positioning against older properties. Investors should still plan for targeted modernization as systems age to protect occupancy and rents.
Safety indicators are mixed but trending favorable. The neighborhood sits around the national middle on both property and violent offense rates, while year-over-year declines in both categories are strong by national standards (improvement ranks in the top decile). This suggests conditions have been improving relative to many U.S. neighborhoods.
For investors, the takeaway is comparative and directional rather than block-specific: safety performance is competitive nationally with positive momentum, which can support resident retention and marketing, while continued monitoring against metro peers remains prudent.
- General Dynamics defense & aerospace offices (4.1 miles)
- Costco Regional Office corporate offices (4.3 miles)
- Thermo Fisher Scientific life sciences offices (4.4 miles)
- Raytheon defense & aerospace offices (4.9 miles)
- Texas Instruments South Campus semiconductors (5.3 miles)
- Texas Instruments semiconductors (5.3 miles) HQ
- St Jude Medical medical devices offices (5.8 miles)
- Avnet Electronics electronics distribution offices (6.2 miles)
- Dr Pepper Snapple Group consumer beverages (6.4 miles) HQ
- Hewlett Packard Enterprise enterprise technology offices (6.5 miles)
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents, notably in defense, life sciences, semiconductors, and consumer goods.
This 68-unit, 1988-vintage asset in Dallas s inner suburbs benefits from a sizable renter base, competitive neighborhood restaurant and pharmacy access, and a high-cost ownership environment that reinforces multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy sits near the metro middle and the renter-occupied housing share indicates durable leasing depth. Within a 3-mile radius, population and households are expected to grow into 2028, pointing to a larger tenant base even as some households trend toward ownership.
Newer-than-neighborhood-average construction supports positioning versus older local stock, while targeted capital planning for aging systems can unlock value-add potential and sustain occupancy. Elevated incomes and strong ownership costs bolster pricing power, though lighter nearby grocery, park, and cafe density suggests a focus on convenience-oriented amenities and resident services to support retention.
- Inner-suburb location with stable neighborhood occupancy and meaningful renter-occupied housing share
- High home values and value-to-income ratios sustain reliance on rentals and support pricing discipline
- 1988 vintage offers competitive edge versus older stock, with value-add opportunity via modernization
- 3-mile demographics point to population and household growth through 2028, expanding the tenant base
- Risks: amenity gaps (grocery/parks/cafes) and gradual occupancy softening require proactive leasing and resident-experience strategies