| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 44th | Fair |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10014 Broadway, San Antonio, TX, 78217, US |
| Region / Metro | San Antonio |
| Year of Construction | 1978 |
| Units | 28 |
| Transaction Date | 2021-10-07 |
| Transaction Price | $2,825,000 |
| Buyer | BROADWAY OAKS SA LLC |
| Seller | FMREI BROADWAY 10014 LLC |
10014 Broadway San Antonio Multifamily Value-Add
Neighborhood renter concentration and accessible pricing support a durable tenant base, according to WDSuite’s CRE market data. While occupancy in the area reflects room for operational upside, demand fundamentals are steady for workforce-oriented assets.
This Inner Suburb location in San Antonio balances workforce housing demand with attainable rents. Neighborhood median contract rent trends have risen over the last five years, and the rent-to-income profile indicates manageable affordability pressure that can support retention and steady lease-up, based on commercial real estate analysis from WDSuite’s dataset. Note that occupancy, rent levels, and tenure shares cited here describe the neighborhood, not the property.
The area’s renter-occupied share ranks 130 out of 595 metro neighborhoods, placing it in the top quartile among San Antonio submarkets for renter concentration. For investors, that signals a deeper tenant pool and ongoing demand for multifamily units. By contrast, the neighborhood’s occupancy rank of 399 out of 595 is below the metro median, suggesting room to capture stabilization through leasing focus and targeted unit turns.
Amenity access is mixed: pharmacies are abundant (ranked 13 of 595 locally, a high standing nationally), while cafés, grocery stores, parks, and restaurants are thinner within the neighborhood footprint. This profile typically suits car-oriented renters and value-focused households, with potential to improve convenience through partnerships or resident services.
The property’s 1978 vintage is slightly newer than the neighborhood’s average construction year (1974). That positioning can be competitive versus older stock, though investors should plan for systems modernization and selective common-area upgrades to meet current renter expectations and support rent growth.
Within a 3-mile radius, households have inched higher in recent years even as average household size edged lower, and forecasts point to growth in both households and incomes. Rising incomes and projected rent levels imply a larger tenant base and pricing power for well-operated, renovated units, supporting occupancy stability and longer-term NOI potential.
Safety indicators are mixed in a metro and national context. The neighborhood’s overall crime standing sits around mid-pack within the San Antonio region (rank 95 of 595), which is below the safest cohort. Compared with neighborhoods nationwide, violent and property offense levels align closer to the lower national percentiles, indicating elevated incident rates relative to the U.S. overall.
Trend direction, however, is improving: estimated property offenses declined materially year over year and violent incidents also trended down, both ranking favorably on improvement among San Antonio neighborhoods. For investors, underwriting should reflect current comparative risk while recognizing recent momentum; measures such as lighting, access control, and community engagement can support resident satisfaction and retention.
Nearby corporate anchors underpin a diverse white-collar employment base and convenient commutes for residents. Key employers include iHeartMedia, Andeavor, CST Brands, USAA, and Valero Energy — a mix that supports leasing velocity and retention for workforce and professional renters.
- IHeartMedia — media HQ (3.2 miles) — HQ
- Andeavor — energy HQ (5.9 miles) — HQ
- CST Brands — retail & fuel HQ (6.7 miles) — HQ
- USAA — financial services HQ (7.5 miles) — HQ
- Valero Energy — energy HQ (10.3 miles) — HQ
10014 Broadway presents a value-add path in a renter-heavy San Antonio neighborhood where attainable rents and a steady employment base support consistent demand. The 1978 vintage is slightly newer than the neighborhood norm, positioning the asset to compete with older stock while benefiting from targeted capital improvements. According to CRE market data from WDSuite, neighborhood occupancy trails the metro median, implying upside with operational focus, while the renter concentration ranks in the metro’s stronger tier for depth of tenant demand.
Within a 3-mile radius, households and incomes have trended upward and are projected to grow further, pointing to renter pool expansion and potential pricing power for renovated units. Homeownership remains a higher-cost path locally in context of value-to-income ratios, which tends to sustain reliance on rental housing and supports lease retention for well-managed communities. Underwriting should also account for amenity gaps and safety differentials versus stronger submarkets, with mitigants through property-level improvements and resident services.
- Renter-heavy neighborhood ranks in the stronger metro tier, supporting depth of tenant demand.
- 1978 vintage offers value-add potential to modernize systems and interiors versus older comparables.
- Household and income growth within 3 miles point to renter pool expansion and pricing power.
- Employment anchors (media, energy, finance) support leasing stability and commute convenience.
- Risks: neighborhood occupancy below metro median, amenity gaps, and safety standing below top cohorts; plan for enhanced operations and security.