| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 25th | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3500 Camino Real, San Antonio, TX, 78238, US |
| Region / Metro | San Antonio |
| Year of Construction | 1999 |
| Units | 66 |
| Transaction Date | 1999-05-21 |
| Transaction Price | $3,740,500 |
| Buyer | NATIONAL CHURCH RESIDENCES SAN ANTONIO |
| Seller | WEISS MARTIN |
3500 Camino Real San Antonio 66-Unit Multifamily
Neighborhood occupancy has trended resilient with competitive standing across the metro, supported by strong everyday amenities, according to WDSuite’s CRE market data. Expect stable renter demand driven by proximity to major employers and access to groceries, pharmacies, and parks.
The property sits in an Inner Suburb pocket of San Antonio-New Braunfels with everyday convenience that supports leasing: the area ranks 26th of 595 metro neighborhoods for overall amenities (top quartile locally) and posts strong national percentiles for grocery (90th), pharmacy (94th), and parks (84th). Restaurant density is competitive among San Antonio neighborhoods, while café options are limited — a mix that tends to favor value-oriented renter demand over lifestyle-driven premiums.
Multifamily fundamentals in the surrounding neighborhood are solid. The neighborhood’s occupancy ranks 203rd out of 595 in the metro (competitive among San Antonio-New Braunfels neighborhoods) and sits around the 70th percentile nationally, suggesting a stable baseline for lease-up and renewals. Renter concentration is in the upper quartile nationally, indicating a deeper tenant base for small and mid-scale properties.
Construction year averages in the neighborhood skew older (early 1980s). With a 1999 vintage, this asset should compete well against older stock, while investors may still plan for targeted modernization or systems updates as part of ongoing capital planning.
Within a 3-mile radius, households have increased in recent years despite a slight dip in population, indicating smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections point to additional household growth through 2028, which typically supports occupancy stability and steady leasing velocity. Median incomes have risen alongside contract rents, and the neighborhood-level rent-to-income ratio sits around the mid-60s percentile nationally, a signal that affordability pressure is manageable and that thoughtful lease management can support retention.
Ownership costs in this submarket are relatively accessible compared with high-cost metros, which can create some competition from entry-level homeownership. Even so, the area’s amenity access and commuter convenience tend to sustain multifamily demand, particularly for smaller-format units.
School ratings for the neighborhood trail national norms (around the 15th percentile), which may modestly limit family-driven premiums but is less likely to weigh on demand for studios and smaller one-bedrooms.
Safety indicators for the neighborhood are below both metro and national averages. The area’s crime rank is 406th of 595 San Antonio-New Braunfels neighborhoods (below metro median), and national percentiles indicate weaker safety relative to many U.S. neighborhoods. That said, recent year-over-year trends show modest improvement, with property and violent offense rates edging down, which investors often pair with on-site security measures, lighting, and access controls to support tenant retention.
In practice, investors underwriting in locations with below-average safety often account for operational strategies — such as targeted amenities, resident screening, and partnership with local patrol resources — to sustain leasing performance while monitoring trend lines over subsequent quarters.
Nearby anchors include USAA’s corporate campus and financial operations, iHeartMedia, and Valero Energy, providing a large professional employment base that supports renter demand and commute convenience for workforce housing.
- Usaa — insurance & financial services (5.0 miles) — HQ
- Usaa Ops Building — financial operations (5.2 miles)
- USAA Federal Savings Bank — banking (5.3 miles)
- Iheartmedia — media & broadcasting (7.8 miles) — HQ
- Valero Energy — energy (8.4 miles) — HQ
This 66-unit, 1999-vintage asset benefits from a neighborhood with solid amenity access and competitive occupancy relative to the San Antonio-New Braunfels metro. The vintage positions the property favorably versus older 1980s-era stock common in the area, with opportunity for targeted upgrades to sharpen positioning. Within a 3-mile radius, households have grown and are projected to increase further through 2028, indicating a larger tenant base and support for occupancy stability.
Ownership remains relatively accessible compared with higher-cost markets, which can temper pricing power; however, the neighborhood’s renter concentration sits in the upper quartile nationally and everyday convenience is strong. Based on commercial real estate analysis from WDSuite, occupancy performance in the neighborhood trends above national medians, while rent-to-income levels suggest manageable affordability pressure that can support renewal capture with disciplined lease management.
- Competitive neighborhood occupancy and strong amenity access support leasing stability
- 1999 vintage competes well versus older local stock, with selective value-add potential
- 3-mile household growth and rising incomes expand the renter pool and retention prospects
- Proximity to major employers underpins demand from a broad professional workforce
- Risks: below-average safety and accessible ownership options may temper pricing power