| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 31st | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6000 Woodlake Pkwy, San Antonio, TX, 78244, US |
| Region / Metro | San Antonio |
| Year of Construction | 1985 |
| Units | 44 |
| Transaction Date | 2016-05-13 |
| Transaction Price | $2,367,200 |
| Buyer | WILMINGTON TRUST |
| Seller | HAMILTON CHRIS |
6000 Woodlake Pkwy San Antonio Multifamily Investment
Neighborhood occupancy is resilient and sits in the top quartile nationally, according to WDSuite’s CRE market data, supporting stable cash flow potential for a 44-unit asset. With 1985 construction, this property presents clear value‑add angles in an inner‑suburban location.
Located in San Antonio’s inner suburbs, the property sits in a neighborhood rated C where occupancy is strong relative to national benchmarks and has trended higher in recent years. Rents benchmark above many U.S. neighborhoods (top quartile nationally), indicating durable renter demand, while the areas housing indicators place it above the metro median.
Livability is mixed. Pharmacy access is comparatively strong, but cafes, restaurants, groceries, and parks are sparse within the immediate neighborhood. School ratings trail broader benchmarks. For investors, this points to a renter profile more driven by value, commute convenience, and household formation than by walkable amenity density.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, indicating a larger tenant base over the medium term. The renter-occupied share is around one-third of housing units, supporting depth of demand for multifamily while still leaving some competition from ownership options. Median contract rents in the 3-mile radius have increased meaningfully over the past five years, consistent with the neighborhoods top-quartile national standing for rent levels.
Vintage matters: most nearby stock skews newer (average construction year around 2010), while this asset was built in 1985. That age gap suggests capital planning for systems and interiors but also provides clear renovation and repositioning potential against newer comparables. Home values in the neighborhood are relatively accessible for owners, which can temper pricing power; however, rising households and a growing workforce base can support occupancy stability and leasing velocity.
Safety signals are mixed. Compared with 595 San Antonio–New Braunfels neighborhoods, this area is competitive within the metro, but it ranks below typical U.S. neighborhoods for safety (national percentiles skew lower). Investors should underwrite prudent security and operating practices.
Recent trend data is constructive on property offenses, which have declined year over year and rank favorably for improvement versus many peers in the metro. Violent offense metrics remain weaker than national norms, so its reasonable to assume continued vigilance and tenant communication will be part of standard asset management.
The employment base includes nearby corporate offices and headquarters that expand the renter pool and support retention through commute convenience. Notable employers include iHeartMedia, CST Brands, Andeavor, and USAA operations and headquarters.
- iHeartMedia media (8.0 miles) HQ
- CST Brands corporate offices (10.9 miles) HQ
- Andeavor energy (11.5 miles) HQ
- USAA insurance & financial services (14.1 miles) HQ
- USAA Ops Building corporate offices (14.2 miles)
This 44-unit property at 6000 Woodlake Pkwy offers a balance of occupancy stability and value-add potential. Neighborhood occupancy performance sits in the top quartile nationally, supporting cash flow durability, while 3-mile radius demographics point to population growth, a larger household base, and steady renter demand. According to CRE market data from WDSuite, local rent levels score in the upper national tiers, reinforcing pricing resiliency relative to many U.S. neighborhoods.
Built in 1985, the asset trails the areas newer average stock and may require targeted capital to modernize interiors and systems. That age delta creates renovation upside versus 2010-vintage neighborhood norms. Amenity scarcity and below-national safety percentiles warrant conservative underwriting, but accessible ownership costs and moderate rent-to-income dynamics can support retention and measured rent growth as the tenant base expands.
- Top-quartile neighborhood occupancy supports income stability
- 3-mile radius population and household growth expands the renter pool
- 1985 vintage enables clear value-add and repositioning potential
- Rent levels benchmark above many U.S. neighborhoods, reinforcing pricing resilience
- Risks: sparse neighborhood amenities, below-national safety percentiles, and capex needs for an older asset