| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 35th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9727 Whitehurst Dr, Dallas, TX, 75243, US |
| Region / Metro | Dallas |
| Year of Construction | 1984 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9727 Whitehurst Dr Dallas Multifamily Value-Add Opportunity
High renter concentration and strong daily-needs access point to durable tenant demand, while recent occupancy softness warrants active management, according to WDSuite’s CRE market data.
Located in Dallas’s Urban Core, the neighborhood rates C overall and is competitive among Dallas-Plano-Irving neighborhoods (ranked 394 out of 1,108) for amenity access. Grocer and restaurant density benchmarks sit in the national top quartile, supporting everyday convenience and leasing appeal, while parks and pharmacies are limited locally, suggesting tenants rely on nearby submarkets for certain services.
Renter concentration in the neighborhood is high at 81.0% of housing units (ranked 47 out of 1,108), indicating a deep tenant base for multifamily operators. Neighborhood occupancy is reported at 84.7% and has softened over five years, signaling the need for hands-on leasing and retention strategies to stabilize performance relative to the metro.
The property’s 1984 vintage is slightly newer than the area’s average 1981 construction year. This positioning can remain competitive versus older stock, though investors should plan for targeted capital improvements as systems age, creating potential value-add upside through modernization and operational upgrades.
Within a 3-mile radius, demographic data show recent population contraction but a projected return to growth through 2028, with increases in households that can expand the renter pool. Median incomes have trended upward alongside rent growth, yet rent-to-income readings in the neighborhood indicate affordability pressure, elevating retention and delinquency management considerations. Home values sit below national medians, which can make ownership more accessible for some households and modestly increase competitive pressure on Class B/C rentals; balanced amenity access and workforce proximity help sustain renter demand.
Safety indicators are weaker than national norms. The neighborhood sits below the national median for safety (crime national percentile: 28th), and violent offense benchmarks are also low nationally (8th percentile), signaling a higher-risk context relative to many U.S. neighborhoods.
At the metro level, the area ranks 799 out of 1,108 neighborhoods for crime, placing it below the metro median. Recent trend data show violent offenses declining year over year (improvement noted in the 57th national percentile for the change), which suggests conditions may be easing, but investors should still budget for security measures and emphasize tenant safety protocols.
Proximity to advanced manufacturing and energy corporate offices supports a stable renter base seeking commute convenience. Notable employers include Texas Instruments (including South Campus), Thermo Fisher Scientific, General Dynamics, and Energy Transfer Equity.
- Texas Instruments South Campus — semiconductor operations (1.6 miles)
- Texas Instruments — semiconductor HQ and offices (1.9 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (4.6 miles)
- General Dynamics — defense & aerospace offices (5.2 miles)
- Energy Transfer Equity — energy infrastructure (5.4 miles) — HQ
With 98 units and a 1984 vintage, the asset offers value-add potential in a renter-heavy neighborhood where amenity access is competitive among local peers. High renter concentration supports a sizable tenant base, while recent neighborhood occupancy softness suggests active leasing and retention programs will be important to sustain cash flow. Based on commercial real estate analysis from WDSuite, the submarket’s strong grocery and dining density helps reinforce demand even as affordability pressures require disciplined rent setting and expense control.
Forward-looking 3-mile demographics point to household growth and income gains that can expand the renter pool and support occupancy stability over time. The asset’s slightly newer-than-average vintage versus the area positions it for targeted renovations that can lift competitive standing relative to older stock, provided investors underwrite security and affordability considerations.
- High renter-occupied share in the neighborhood signals depth of demand for multifamily units.
- 1984 vintage offers clear value-add paths via unit and system upgrades versus older local stock.
- Competitive daily-needs access (strong grocery and dining density) supports leasing and retention.
- Forecast household growth within 3 miles expands the tenant base and supports occupancy stabilization.
- Risks: below-median safety indicators, elevated rent-to-income ratios, and recent occupancy softness require proactive management and thoughtful underwriting.