PINNACLE RIDGE APARTMENTS
1210 N COCKRELL HILL RD, DALLAS, TX
$47,246,540
2025 Appraised Value
↑ 0.0% from prior year
🏘️ Community includes 2 DCAD parcels (614 total units)
PINNACLE RIDGE APARTMENTS – EXECUTIVE SUMMARY
Core Investment Signal: Class A vintage mismatch and workforce income positioning create execution risk despite strong local demand. The 2022 construction date conflicts with exterior design vernacular from the 1990s–2000s and kitchen renovations dated 2015–2018, suggesting either material underreporting of actual completion or significant prior repositioning work—critical to resolve before underwriting. The $47.2M appraisal ($148.6K/unit) reflects a single 2025 snapshot with no trend visibility, and the asset's car-dependent location (Walk Score 32) anchors it firmly in workforce housing serving a 1-mile market where 44.8% of households earn sub-$50K against a 31.3% affordability ratio, validating tenant demand depth but constraining rent elasticity and pricing power. Incoming supply (1.26% of base inventory) poses minimal competitive pressure, yet the submarket's heavy skew toward price-sensitive renters limits upside capture from operational improvements. Recommendation: Watch-list, conditional on clarification. The property merits deeper diligence only if the construction/renovation timeline discrepancy resolves cleanly and if rent rolls confirm realistic positioning within workforce housing; otherwise, mark as pass due to execution ambiguity and limited value-creation levers in a floor-anchored demographic.
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Inspired Luxury 1, 2, & 3 Bedroom Floor Plans
Browse the variety of floor plans available at Pinnacle Ridge. We provide luxurious, pet-friendly homes in Dallas, Texas. Each layout was designed to pair with your on-the-go schedule, so you have the latest convenient features alongside on-trend styles. Whether you're looking for a home for you and your pet, roommates, or need extra space for a home office, we have options. It's about time you upgraded your lifestyle.
Pinnacle Ridge appears to be a Class A property with modern finishes across the portfolio, but with a significant structural inconsistency. Despite the 2022 construction date, the exterior shows mid-1990s/early-2000s design vernacular, while kitchen renovations cluster in the 2015–2018 window with quartz countertops, modern slab cabinetry, and stainless steel appliances—suggesting either a partial gut-and-reno or discrepancy in reported vintage. The 7-of-8 photos rated "excellent" condition with fresh paint and recessed/pendant lighting indicate well-maintained common spaces. The amenity refresh (covered seating with glass enclosure, 2015+) supports active capital investment, but the building envelope's dated aesthetic may limit positioning at the highest price point and warrants clarification on actual completion date versus renovation scope.
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AI Analysis
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Location Profile Misaligned with Market Positioning
Walk Score of 32 and Transit Score of 32 classify Pinnacle Ridge as car-dependent with minimal public transit access—typical of suburban Dallas multifamily. The Bike Score of 17 indicates negligible cycling infrastructure. Without nearby employment density or walkable amenities clusters, this property depends entirely on driving commuters, which constrains tenant appeal to workforce segments with reliable vehicle access and limits rent elasticity. Missing rent data prevents confirmation, but a car-dependent 318-unit complex in Dallas typically supports $1.0M–$1.3M per annum rents; verify positioning doesn't attempt to command urban-core pricing.
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Pipeline poses minimal near-term competitive pressure. At 1.26% of existing inventory (4 units against 318-unit base), new supply is immaterial to occupancy dynamics. The four nearby permits are in inspection phase with filing dates spanning 2023–2025, suggesting staggered deliveries that won't create a concentrated supply shock. Without unit counts for these projects or submarket vacancy data, competitive impact appears limited to specific price points rather than broad-based rent compression risk.
| Distance | Address | Description | Status | Filed |
|---|---|---|---|---|
| 1.6 mi | 1100 N WALTON WALKER BLVD | QTEAM - 2408141040 300 Unit Apartment Complex | Inspection Phase | Aug 14, 2024 |
| 1.8 mi | 3500 W COLORADO BLVD | QTEAM Add carports to multi-family project | Inspection Phase | Sep 29, 2025 |
| 2.6 mi | 510 W 10TH ST | QTEAM MEETING 6.4.2025 New construction of 24 unit multif... | Inspection Phase | May 12, 2025 |
| 2.8 mi | 2720 COOMBS CREEK DR | Q Team - Coombs Creek Apartments New 4 story MFD project,... | Inspection Phase | Aug 18, 2023 |
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Financial Estimates
Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.
Sale & Valuation
- Est. Sale Price
- —
- Sale $/Unit
- —
- Value YoY
- 0.0%
- Implied Cap Rate ⓘ
- —
- Est. Cap Rate ⓘ
- —
Operating Income
- Gross Potential Rent ⓘ
- —
- Est. Vacancy ⓘ
- —
- Submarket Vac. ⓘ
- 3.3%
- Eff. Gross Income
- —
- OpEx Ratio ⓘ
- 45%
- Est. NOI
- —
- NOI/Unit
- —
Debt & Taxes
- Taxes/Unit ⓘ
- $3,714/yr
- Est. DSCR ⓘ
- —
Submarket Benchmarks
📊Computed from nearby properties within 3 miles of similar vintage
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Property Summary
Pinnacle Ridge is a 318-unit garden-style apartment community completed in 2022 with wood-frame construction and brick exterior, delivering 274K SF of net leasable area across three stories. The property is positioned as luxury product with stated "very good" quality and excellent condition, offering 1-, 2-, and 3-bedroom floor plans and pet-friendly units. Located in Dallas with a walk score of 32, the asset carries a 4.4 Google rating and no disclosed parking structure, suggesting surface or uncovered parking typical of garden-style developments. No utilities are included in rent, and pet policy explicitly welcomes animals.
Property Details
- Account #
- 007212000E0030000
- Market
- Dallas County, TX
- Building Class
- APARTMENT (BRICK EXTERIOR)
- Building Style
- Garden
- Construction
- D-WOOD FRAME
- Quality
- VERY GOOD
- Condition
- EXCELLENT
- Stories
- 3
- Gross Building Area
- 292,099 SF
- Net Leasable Area
- 274,045 SF
- Neighborhood
- UNASSIGNED
- Business Status
- Operational
- Enriched
- about 2 months ago
Owner Information
- Owner
- ST OAK CLIFF DALLAS LLC
- Mailing Address
-
DALLAS, TEXAS 752542995
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Rental Performance
Available Units Over Time
Latest Scrape (Mar 25, 2026)
Fees
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Demographics
Affordability mismatch signals workforce housing positioning, but renter concentration validates demand. The 1-mile micro-market shows a 31.3% affordability ratio against $50.8K median HHI—tight but serviceable for workforce renters, especially with 59.7% renter occupancy indicating strong demand depth. However, the income distribution is heavily skewed toward sub-$50K households (44.8% under $50K), suggesting this asset captures price-sensitive renters rather than affluent renters; the 3-mile and 5-mile rings show modest income uplift ($61.9K–$61.1K) with better income dispersion above $100K, indicating the property sits in a working-class submarket within a broader mixed-income geography. The declining renter percentage moving outward (59.7% → 42.3% → 46.9%) reflects typical urban-to-suburban ownership patterns, confirming PINNACLE RIDGE serves a localized, renter-dependent population with limited equity/ownership alternatives.
1-Mile Radius
- Population
- 11,237
- Households
- 3,237
- Avg Household Size
- 3.47
- Median HH Income
- $50,808
- Median Home Value
- $73,297
- Median Rent
- $1,327
- % Renter Occupied
- 59.7%
- Affordability
- 31.3% (rent/income)
- Income Distribution
-
<$25k $150k+
3-Mile Radius
- Population
- 99,411
- Households
- 32,251
- Avg Household Size
- 3.16
- Median HH Income
- $61,908
- Median Home Value
- $230,608
- Median Rent
- $1,279
- % Renter Occupied
- 42.3%
- Affordability
- 24.8% (rent/income)
- Income Distribution
-
<$25k $150k+
5-Mile Radius
- Population
- 234,218
- Households
- 77,776
- Avg Household Size
- 3.0
- Median HH Income
- $61,107
- Median Home Value
- $235,424
- Median Rent
- $1,220
- % Renter Occupied
- 46.9%
- Affordability
- 24.0% (rent/income)
- Income Distribution
-
<$25k $150k+
Source: US Census ACS 5-Year Estimates (2023) · 2 tracts (1mi)
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Amenities
Pet Policy
Pet-friendly
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Appraisal History
Appraisal History: Single Data Point Limits Trend Analysis
With only one 2025 appraisal at $47.2M ($148.6K/unit), we cannot assess value trajectory or market repricing. The 0.0% YoY change suggests stability, but this likely reflects a recent appraisal with no prior-year comparison rather than genuine flatness. Land represents just 3.1% of total value—typical for a 2022 Class A asset where improvement costs dominate—leaving minimal redevelopment optionality; any value creation hinges on operational upside, not capital improvement or repositioning.
| Year | Total Value | Change |
|---|---|---|
| 2025 | $47,246,540 | +0.0% |
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