| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 74th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6298 Lockhill Rd, San Antonio, TX, 78240, US |
| Region / Metro | San Antonio |
| Year of Construction | 2004 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6298 Lockhill Rd San Antonio Multifamily Investment
Inner-suburban location with an elevated renter base supports demand and retention, according to WDSuite’s CRE market data. Neighborhood occupancy has softened versus national medians, so underwriting should emphasize leasing strategy and value positioning.
Situated in an inner-suburb of San Antonio, the neighborhood ranks 75th of 595 metro neighborhoods, making it competitive among San Antonio neighborhoods based on WDSuite’s data. Daily needs are well covered by grocery access (stronger than many local peers) and a broad restaurant mix, though parks, pharmacies, and cafés are thinner nearby. This balance favors convenience-oriented renters who prioritize commute efficiency and essentials over recreational amenities.
Rents in the neighborhood sit above the national midpoint with steady five-year growth, while the share of housing units that are renter-occupied is elevated (high national percentile). For investors, that translates to a deeper tenant base and consistent leasing velocity for mid-market product. Median household incomes also index above national midpoints, supporting demand at prevailing rent levels without leaning on luxury positioning. When conducting multifamily property research, investors should note that these metrics reflect neighborhood trends rather than property-specific performance.
Occupancy in the neighborhood is below the national median and has eased over the past five years, signaling the need for active lease management and targeted concessions during slower seasons. At the same time, ownership costs in the area remain relatively high versus national midpoints, which can sustain reliance on rental housing and support pricing power for well-maintained assets.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth, a faster increase in households, and smaller average household sizes. This pattern generally expands the renter pool and supports absorption for one- and two-bedroom units, providing a constructive backdrop for stabilized operations and measured rent growth.
Safety indicators are mixed and should be weighed carefully in underwriting. The neighborhood’s crime ranking sits in the lower half of the San Antonio metro (454th of 595), and national comparisons place the area in a low percentile for safety. Recent year trends show property offenses edging down, while estimated violent offenses increased, underscoring variability across categories.
Investors should focus on property-level security measures, lighting, and resident engagement, and compare incident trends to nearby submarkets for context. Use multi-year views and comparable San Antonio neighborhoods to assess trajectory rather than single-year snapshots.
Nearby anchor employers include USAA’s campus and Valero’s corporate offices, with additional media headquarters within a commutable radius. This concentration of financial services, corporate operations, energy, and media supports a diversified renter base and improves leasing stability for workforce and professional tenants.
- USAA Federal Savings Bank — banking (2.1 miles)
- Usaa Ops Building — corporate operations (2.3 miles)
- Usaa — financial services (2.4 miles) — HQ
- Valero Energy — energy (3.4 miles) — HQ
- Iheartmedia — media (8.6 miles) — HQ
Built in 2004, the property is slightly newer than the neighborhood average, offering competitive positioning versus older stock while warranting mid-life capital planning for systems and selective renovations to sharpen curb appeal and unit finishes. The surrounding neighborhood shows an elevated concentration of renter-occupied housing units and rent levels above the national midpoint, supporting a durable tenant base and steady leasing, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown faster than population, and average household size has trended smaller—signals consistent with a larger renter pool and healthy demand for mid-sized floor plans. While neighborhood occupancy is below the national median and safety metrics trail national benchmarks, proximity to major employers and solid income profiles provide offsets, suggesting balanced risk with operational upside for well-managed assets.
- 2004 vintage: competitive versus older stock; plan for mid-life system upgrades and selective value-add
- Elevated renter-occupied share supports deeper tenant base and leasing stability
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Proximity to USAA and Valero underpins workforce and professional renter demand
- Risks: below-median neighborhood occupancy and weaker safety metrics require active management and prudent underwriting