| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 16th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1003 Vera Cruz, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 2002 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1003 Vera Cruz San Antonio Multifamily Investment
The surrounding neighborhood shows a deep renter base and convenient daily-needs access; according to WDSuite’s CRE market data, renter-occupied share is well above the metro, supporting steady demand and lease-up resilience.
Located in San Antonio’s inner-suburban fabric, the area around 1003 Vera Cruz blends workforce housing with strong everyday amenities. Grocery, park, and pharmacy density ranks in the upper tier nationally, translating to convenient resident living and reduced drive-time friction for tenants. Restaurant density is also high, while café options are limited—useful context for ground-floor activation or resident services.
Renter-occupied housing concentration is elevated relative to the metro (competitive among San Antonio–New Braunfels neighborhoods out of 595), indicating a broad tenant base and depth for multifamily demand. By contrast, neighborhood occupancy trends sit below national averages, suggesting operators should emphasize marketing, renewals, and unit turns to sustain stabilization. Median school ratings trail national norms, which may matter less for smaller-format units but can influence family-oriented demand.
Within a 3-mile radius, recent years show population softening but household counts rising, pointing to smaller household sizes and a larger pool of renting households. Forward-looking projections indicate modest population growth with a notable increase in households, supporting a broader tenant base and helping backfill units as leasing cycles turn. Median home values in the neighborhood are comparatively low, yet value-to-income ratios trend higher than many markets, which can sustain reliance on rental housing and support pricing power at attainable rent bands.
The average neighborhood vintage skews older, while this property was built in 2002. Newer construction relative to nearby stock can enhance competitive positioning and reduce near-term systems risk, while still leaving room for targeted modernization to drive rent lift and resident retention.
Safety indicators for this neighborhood trend below national benchmarks, placing it below the metro median among 595 San Antonio–New Braunfels neighborhoods. Year over year, property offenses show a meaningful decline, while violent offenses have ticked up, according to WDSuite’s CRE market data. Investors commonly address this profile with practical measures such as lighting, access control, and partnerships with local patrol resources to support resident confidence and retention.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience, including iHeartMedia, USAA’s main campus and operations, USAA Federal Savings Bank, and Valero Energy.
- Iheartmedia — media corporate offices (5.6 miles) — HQ
- Usaa — financial services corporate offices (8.9 miles) — HQ
- Usaa Ops Building — financial services operations (9.1 miles)
- USAA Federal Savings Bank — banking offices (9.3 miles)
- Valero Energy — energy corporate offices (13.1 miles) — HQ
This 59-unit property, built in 2002, competes against an older neighborhood baseline and should benefit from its relatively newer systems and finishes, with selective upgrades offering value-add potential. The surrounding area features a high concentration of renter-occupied housing and strong day-to-day amenities, supporting depth of demand even as neighborhood occupancy runs below national norms. Within a 3-mile radius, projections show modest population growth and a sizable increase in households, signaling a larger tenant base and potential support for occupancy stability.
Homeownership remains a high-cost path relative to local incomes in this neighborhood context, which can sustain reliance on rental housing and bolster pricing power at attainable rent levels. According to CRE market data from WDSuite, amenity access is a relative strength while safety metrics trend weaker, implying that active management, security investments, and renewal strategies will be important levers for performance.
- Newer 2002 construction relative to nearby stock supports competitiveness and lowers near-term systems risk
- Elevated renter-occupied share indicates a deep tenant base for multifamily demand
- Strong grocery, park, pharmacy, and restaurant access enhances livability and retention
- 3-mile outlook shows modest population growth with notable household gains, expanding the renter pool
- Risk: Below-average safety and softer neighborhood occupancy require proactive security and leasing management