| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 82nd | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16911 San Pedro Ave, Hollywood Pk, TX, 78232, US |
| Region / Metro | Hollywood Pk |
| Year of Construction | 1998 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16911 San Pedro Ave, Hollywood Park Multifamily Opportunity
Positioned in a high-performing inner suburb where neighborhood occupancy trends remain in the low-90s and schools rank at the top of the metro, this asset benefits from steady renter demand and strong area incomes, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of the San Antonio–New Braunfels metro that is competitive among metro neighborhoods (3 of 595; A+ neighborhood rating). Amenities are convenient for daily needs, with groceries, pharmacies, parks, and dining options scoring in the top quartile nationally. Schools in the neighborhood rate at the top of the metro (1 of 595) and in the highest national percentile, a factor that can support family-oriented renter retention.
For investors evaluating demand depth, the neighborhood’s renter-occupied share is meaningful (about two-fifths of housing units), signaling a solid base for multifamily leasing without over-reliance on any single tenant segment. Neighborhood occupancy is in the low-90s with some softening over the last five years, suggesting stable but competitive leasing conditions. Median contract rents sit in the upper range for the metro, while the rent-to-income ratio indicates manageable affordability, which can aid renewals.
Within a 3-mile radius, demographics reflect a sizable and growing customer base: population and households have increased in recent years, and forecasts point to further household expansion by 2028 alongside higher incomes. This pattern implies a larger tenant base and supports occupancy stability and pricing power for well-positioned assets.
Vintage considerations: the asset’s 1998 construction is slightly older than the neighborhood average vintage (2002), which points to straightforward value-add potential through unit and system updates. Relative to metro peers, neighborhood NOI per unit benchmarks are competitive, indicating that well-managed properties here can perform above metro medians while remaining mid-to-high nationally.
Safety indicators are mixed and should be underwritten carefully. Compared with neighborhoods nationwide, this area trends below average on safety (national percentiles are lower), and within the San Antonio–New Braunfels metro it ranks in the lower half (crime rank 302 of 595). Property offenses have declined year over year, which is an encouraging directional trend, but violent and property offense levels remain elevated relative to national benchmarks. For investors, practical mitigants include security design, lighting, and resident screening, and assumptions should reflect neighborhood-level, not block-level, conditions.
Nearby employment is anchored by energy, media, and financial services corporate offices including Andeavor, CST Brands, iHeartMedia, USAA, and Valero. This cluster supports a stable renter base seeking commute convenience and can aid retention for professionally managed properties.
- Andeavor — energy (1.7 miles) — HQ
- Cst Brands — energy & retail (3.7 miles) — HQ
- Iheartmedia — media (7.0 miles) — HQ
- Usaa — financial services (7.3 miles) — HQ
- Valero Energy — energy (8.0 miles) — HQ
16911 San Pedro Ave offers durable suburban fundamentals: a top-tier neighborhood within the San Antonio–New Braunfels metro, strong schools, and a meaningful renter-occupied share supporting a broad tenant base. Neighborhood occupancy trends are in the low-90s with modest softening, which argues for disciplined leasing assumptions but still supports stabilized operations for competitive assets. Elevated home values in the area reinforce reliance on rental housing, while the rent-to-income profile suggests room for renewals without overextending residents. According to CRE market data from WDSuite, neighborhood-level NOI per unit is competitive within the metro and mid-to-high nationally.
Built in 1998, the property is slightly older than nearby stock, creating straightforward value-add potential via interior updates and selective system modernization. Within a 3-mile radius, recent and projected gains in households and income expand the renter pool and support occupancy stability, especially for properties that pair amenity improvements with professional management.
- Competitive Inner Suburb location with top-ranked schools and amenity access supporting family-oriented renter retention
- Meaningful renter-occupied share and low-90s neighborhood occupancy underpin steady leasing potential
- 1998 vintage offers value-add upside through unit refreshes and targeted building system updates
- Elevated ownership costs in the area reinforce multifamily demand and renewal pricing power
- Risks: below-average safety metrics and recent occupancy softening warrant conservative underwriting and operational focus