| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 32nd | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6800 S Cockrell Hill Rd, Dallas, TX, 75236, US |
| Region / Metro | Dallas |
| Year of Construction | 1994 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6800 S Cockrell Hill Rd Dallas Multifamily Investment
Neighborhood-level occupancy is holding near the mid-90s with positive five-year momentum, suggesting steady tenant retention potential according to WDSuite’s CRE market data.
Situated in an Inner Suburb of Dallas, the neighborhood posts an overall C+ rating and sits above the metro median (ranked 476 of 1,108) for amenities. Cafes and restaurants are a relative strength — both land in the top quartile nationally — while grocery access trends above the national midpoint. Limited park and pharmacy coverage suggest fewer convenience options nearby, which can influence resident satisfaction and renewal management.
Multifamily fundamentals are stable: neighborhood occupancy is roughly 94% and has improved over the last five years, placing the area above the national median for occupancy. The renter-occupied share of housing units is elevated (98th percentile nationally), indicating a deep tenant base that can support leasing velocity and renewal outcomes when pricing is managed prudently.
The property’s 1994 vintage is newer than the neighborhood’s average construction year (late-1970s). That relative youth can enhance competitive positioning versus older stock, though investors should still underwrite for aging systems and selective modernization to maintain performance.
Home values sit near the national midpoint but are high relative to local incomes (value-to-income ratio in a high national percentile). That high-cost ownership market tends to sustain reliance on rental housing, supporting demand depth for multifamily. Median contract rents in the neighborhood trend modestly above the national midpoint, and five-year gains have been solid, supporting an income-focused thesis without relying on outsized growth.
Within a 3-mile radius, 2023 demographics show a large and diverse population with household counts edging up and additional renter pool expansion forecast by 2028. Household incomes have been rising, and rent levels are projected to grow further, reinforcing the case for occupancy stability and measured pricing power as new households enter the market.
Safety indicators are mixed and should be monitored. The neighborhood’s crime rank is 885 out of 1,108 Dallas–Plano–Irving neighborhoods, which is below the metro average and in a lower national percentile — signaling higher reported crime relative to many U.S. neighborhoods. Recent year-over-year changes show increases in both violent and property offense estimates, indicating potential volatility rather than a clear improvement trend.
For underwriting, investors may consider security measures, resident engagement, and partnership with local resources to support retention and asset operations. Comparisons to nearby submarkets with stronger safety percentiles can help calibrate achievable premiums versus concessions.
Proximity to major Dallas employment centers underpins renter demand, with several Fortune 500 and healthcare headquarters within roughly 10–12 miles supporting commuting convenience and leasing stability. The roster below highlights nearby anchors that shape the area’s employment base.
- AT&T — telecommunications HQ offices (9.4 miles) — HQ
- Tenet Healthcare — healthcare HQ offices (9.6 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (9.8 miles) — HQ
- Builders Firstsource — building products (9.8 miles) — HQ
- Hollyfrontier — energy (10.0 miles) — HQ
This 112-unit asset benefits from a high renter concentration in the immediate neighborhood and occupancy around the mid-90s, supporting stable cash flow potential. The 1994 vintage is newer than the area’s average stock, offering competitive positioning with targeted value-add opportunities as systems age. High-cost ownership conditions relative to local incomes reinforce reliance on rental housing, which can aid retention and pricing discipline across cycles.
Within a 3-mile radius, steady population growth and rising household counts point to a larger tenant base over the next five years. Rents have advanced and are projected to continue growing, according to CRE market data from WDSuite, suggesting room for measured rent optimization aligned with unit quality and neighborhood positioning. Key risks include affordability pressure relative to incomes and safety statistics that trail metro and national benchmarks, warranting conservative underwriting and active asset management.
- Elevated renter-occupied share supports deep tenant demand and leasing velocity
- Neighborhood occupancy near mid-90s with positive five-year trend
- 1994 vintage offers relative competitiveness with targeted value-add potential
- Access to major Dallas HQs within ~10–12 miles underpins commute convenience
- Risks: affordability pressure and below-median safety metrics require prudent underwriting