| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 80th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16585 Blanco Rd, San Antonio, TX, 78232, US |
| Region / Metro | San Antonio |
| Year of Construction | 1983 |
| Units | 92 |
| Transaction Date | 2018-02-09 |
| Transaction Price | $8,188,000 |
| Buyer | Panther Springs Investors LLC |
| Seller | --- |
16585 Blanco Rd San Antonio Multifamily Opportunity
Positioned in a top-quartile San Antonio suburb with strong household incomes and steady neighborhood occupancy, this asset offers value-add potential given its 1983 vintage, according to WDSuite s CRE market data.
The surrounding neighborhood ranks in the top quartile among 595 San Antonio New Braunfels metro neighborhoods, reflecting broad strengths across income, schools, and housing dynamics. Neighborhood occupancy is high at 97% and above the metro median; this figure reflects neighborhood conditions, not the property, and supports expectations for stable tenancy.
Amenities are anchored by strong grocery and dining access (both above metro averages), while parks and cafes are relatively limited. Average school ratings sit near 4 out of 5 and are competitive among San Antonio neighborhoods, which can bolster family-oriented renter demand and length of stay.
Within a 3-mile radius, demographic data indicate a balanced tenure mix with roughly half of housing units renter-occupied, creating a deep tenant base. Household counts have increased even as average household size edged lower, pointing to more, smaller households entering the market and supporting multifamily absorption. Forecasts call for additional population and household growth by 2028, implying a larger renter pool and reinforcing occupancy stability.
Home values in the immediate area are elevated relative to regional norms, which tends to sustain reliance on rental housing and can support pricing power for well-positioned assets. The property s 1983 construction is older than the neighborhood s average vintage, suggesting potential for targeted renovations to enhance competitiveness versus newer stock.
Safety metrics are mixed compared with neighborhoods nationwide. Overall safety sits below national medians (national safety percentile is lower), indicating investors should underwrite prudent security and operating practices. At the same time, property offenses in the neighborhood have decreased year over year, while estimates for violent offenses show an uptick, underscoring the importance of on-site management and resident engagement. These indicators reflect neighborhood-level trends rather than conditions specific to the asset.
Nearby corporate anchors support a large professional workforce and commute convenience for renters, notably energy and financial services employers including Andeavor, USAA, Valero Energy, and CST Brands.
- Andeavor energy (3.6 miles) HQ
- USAA Federal Savings Bank financial services (5.3 miles)
- Usaa Ops Building financial services operations (5.3 miles)
- Usaa financial services (5.5 miles) HQ
- Valero Energy energy (5.6 miles) HQ
This 92-unit, 1983-vintage asset sits in a top-quartile San Antonio suburban neighborhood with high household incomes, competitive schools, and strong grocery and restaurant access. Neighborhood occupancy is elevated and above the metro median, supporting expectations for leasing stability; elevated local home values further reinforce reliance on rentals and can translate to steady demand for well-managed communities.
Within a 3-mile radius, projections show growth in population and households by 2028, indicating a larger renter pool and potential to sustain occupancy. According to CRE market data from WDSuite, neighborhood rent-to-income levels suggest manageable affordability pressure, offering room for value-capture when paired with selective renovations suited to an early-1980s property. Key risks include below-median national safety positioning and the need for ongoing capital planning typical of older assets.
- Top-quartile neighborhood fundamentals among 595 metro areas support leasing stability
- Elevated neighborhood occupancy and strong incomes enhance depth of tenant base
- 1983 vintage presents value-add and modernization opportunities versus newer stock
- Regional corporate anchors (energy, financial services) underpin sustained renter demand
- Risks: below-median national safety metrics and capex needs for older systems