| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 7th | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6611 W Commerce St, San Antonio, TX, 78227, US |
| Region / Metro | San Antonio |
| Year of Construction | 2000 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6611 W Commerce St, San Antonio Multifamily Investment
2000-vintage, 88-unit asset positioned for workforce demand with renter concentration and household growth trends supporting occupancy, according to WDSuite’s CRE market data. Neighborhood fundamentals suggest steady leasing with selective value-add to stay competitive versus older stock.
Situated in San Antonio’s inner-suburban west side, the property benefits from everyday conveniences and commuter connectivity while remaining primarily a workforce housing location. Restaurants index competitively versus many neighborhoods nationwide, though groceries, parks, and cafes are thinner locally. School options nearby show limited rated schools, so the appeal is more value- and commute-driven than school-driven.
The neighborhood’s renter-occupied share is high (ranked 111 out of 595 metro neighborhoods, a top-quartile position nationally), indicating a deep tenant base and support for multifamily demand rather than ownership-led turnover. Occupancy for the neighborhood sits around the metro median (49th percentile nationally), pointing to generally consistent leasing conditions without outsized vacancy risk in typical cycles.
Home values are relatively accessible in a metro context, which can introduce some competition from ownership alternatives; however, that pricing backdrop often sustains rental reliance for households prioritizing flexibility and monthly affordability, supporting retention and steady absorption. Rent-to-income levels are comparatively manageable here, suggesting lower affordability pressure for tenants and stable renewal potential, though pricing power may be more measured.
Within a 3-mile radius, households have grown even as average household size has trended smaller, and projections indicate further household increases over the next five years. That shift expands the local renter pool and supports occupancy stability for well-managed assets. Based on multifamily property research from WDSuite, the property’s 2000 construction is newer than the neighborhood’s average vintage (late-1980s), giving it a competitive edge over older stock while still warranting targeted updates to major systems and common areas to capture demand.
Safety indicators for the neighborhood track below national averages, with the area positioned in the lower tiers compared to San Antonio’s 595 neighborhoods. This context points to heightened property and violent offense exposure relative to many U.S. neighborhoods, which investors typically underwrite via security measures, lighting, and resident engagement.
Recent trend signals are mixed: estimated property offenses have edged down year over year, while estimated violent offenses have nudged higher. For investors, the takeaway is to budget for ongoing safety enhancements and to monitor citywide and submarket initiatives that can influence long-run perceptions and leasing performance.
Proximity to major corporate campuses underpins a sizable workforce renter base, with notable concentrations in financial services, energy, and media that support leasing stability.
- USAA — financial services (6.9 miles) — HQ
- Usaa Ops Building — financial services operations (7.1 miles)
- USAA Federal Savings Bank — banking (7.3 miles)
- Iheartmedia — media (7.9 miles) — HQ
- Valero Energy — energy (10.6 miles) — HQ
This 2000-built, 88-unit property competes well against the neighborhood’s older multifamily stock, offering a practical platform for targeted upgrades that can enhance renter appeal. The surrounding neighborhood shows renter concentration in the top quartile nationally and occupancy near the metro median, supporting a stable tenant base and predictable leasing. Within a 3-mile radius, households are increasing while average household size declines, expanding the renter pool and supporting occupancy stability and renewal prospects. According to WDSuite’s commercial real estate analysis, ownership costs are comparatively accessible here, which can temper aggressive rent pushes but also sustains rental demand among households prioritizing flexibility.
Key risks to underwrite include below-average safety metrics versus national benchmarks and thinner neighborhood amenities beyond restaurants, which places emphasis on on-site features and management to drive retention. Even with manageable rent-to-income levels that favor renewals, pricing power is likely to be steady rather than outsized, making operational execution and selective value-add the primary levers.
- 2000 vintage is newer than nearby stock, offering competitive positioning with targeted modernization upside.
- High renter-occupied share supports a deep tenant base and consistent leasing.
- Household growth within 3 miles and smaller household sizes expand the renter pool and support occupancy stability.
- Accessible ownership costs and manageable rent-to-income ratios favor retention, though rent growth may be measured.
- Risks: safety metrics below national averages and thinner non-restaurant amenities require proactive operations and security planning.