| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 71st | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24245 Wilderness Oak, San Antonio, TX, 78258, US |
| Region / Metro | San Antonio |
| Year of Construction | 2001 |
| Units | 32 |
| Transaction Date | 2005-05-04 |
| Transaction Price | $46,700,000 |
| Buyer | RETREAT AT CANYON SPRINGS LTD |
| Seller | WESTERN RIM INVESTORS 1999-3 LP |
24245 Wilderness Oak San Antonio Multifamily Investment
Suburban San Antonio asset positioned for renter demand and metro-level occupancy stability, according to CRE market data from WDSuite. The 32-unit scale offers operational simplicity with exposure to North Side household growth.
The neighborhood carries an A rating and ranks 56 out of 595 metro neighborhoods, making it competitive among San Antonio-New Braunfels submarkets for multifamily. Neighborhood occupancy trends above metro norms and sits in the top quartile nationally, supporting income stability, while higher local home values tend to keep demand anchored to quality rentals.
Within a 3-mile radius, population and households have grown in recent years, and projections indicate continued household expansion—broadening the tenant base and supporting occupancy durability. Renter-occupied units comprise roughly one-quarter to one-third of the area’s housing stock, suggesting a solid renter concentration without overexposure to short-term turnover.
Average neighborhood construction skews newer (2017), whereas the property’s 2001 vintage is older than surrounding stock. This creates potential for value-add via targeted interior improvements and system updates to compete effectively against recent deliveries while managing capital planning over time.
Amenities are service-oriented: grocery and pharmacy access trend above national medians, while cafes and parks are comparatively limited. Neighborhood median rents are on the higher side for the metro, and rent-to-income readings indicate manageable affordability pressure—supporting resident retention and measured pricing power as incomes advance, based on WDSuite’s commercial real estate analysis.
Safety metrics are mixed at the neighborhood level. The area ranks 141 out of 595 within the metro—indicating below-average safety relative to San Antonio peers—while national comparisons are closer to midpack. Property offense indicators have declined year over year, a constructive trend, though violent offense measures remain weaker than national medians. Routine, property-level controls (lighting, access systems, and resident engagement) remain prudent.
Investors should underwrite to metro-relative conditions rather than block-level assumptions, recognizing that safety can vary over short distances and evolve over time.
Energy and financial services anchors nearby support a steady white-collar renter base and commute convenience for residents, including Andeavor, CST Brands, Valero Energy, USAA Federal Savings Bank, and USAA.
- Andeavor — energy (3.8 miles) — HQ
- CST Brands — energy retail (4.7 miles) — HQ
- Valero Energy — energy (9.1 miles) — HQ
- USAA Federal Savings Bank — banking (10.4 miles)
- USAA — financial services (10.6 miles) — HQ
This 32-unit, 2001-vintage asset in North San Antonio benefits from a competitive neighborhood ranking (56 of 595) and area occupancy that tracks above metro norms. Household and population growth within a 3-mile radius expands the tenant base, while a high-cost ownership market supports continued reliance on rentals. According to CRE market data from WDSuite, neighborhood-level rent and income dynamics point to manageable affordability pressure—favorable for retention and disciplined rent setting.
The property’s older vintage versus newer neighborhood stock (average 2017) creates a practical value-add path: focused interior updates and systems modernization can improve positioning against late-vintage comparables. Anchor employers in energy and financial services add depth to the white-collar renter pool, supporting occupancy stability through cycles.
- Above-metro neighborhood occupancy and stable renter demand support income durability
- 2001 vintage vs. newer area stock offers clear value-add and repositioning potential
- Expanding 3-mile household base increases depth of the tenant pool and supports leasing
- Proximity to energy and financial services employers underpins white-collar renter demand
- Risks: newer competitive supply and mixed safety metrics warrant prudent underwriting and CapEx planning