| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 45th | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Basse Rd, San Antonio, TX, 78212, US |
| Region / Metro | San Antonio |
| Year of Construction | 1981 |
| Units | 67 |
| Transaction Date | 2004-12-14 |
| Transaction Price | $3,187,500 |
| Buyer | MAC OLMOS CLUB LLC |
| Seller | THE OLMOS CLUB LP |
800 Basse Rd, San Antonio Multifamily Investment
Neighborhood renter demand is deep and occupancy is resilient, according to WDSuite’s CRE market data, positioning this asset for steady leasing in an inner-suburban location. Expect durable tenant interest driven by a high share of renter-occupied housing and proximity to major employers.
The property sits in an inner-suburban San Antonio neighborhood rated A- (ranked 150 out of 595 metro neighborhoods), signaling competitive location fundamentals for workforce-oriented rentals. Neighborhood occupancy is above the national median (70th percentile), which supports income stability through cycles. Renter concentration is very high (ranked 7 out of 595, top percentile nationally), indicating a large tenant base and consistent turnover velocity for multifamily operators.
Daily-needs access is strong: grocery availability ranks near the top of the metro and in the 95th percentile nationally, and restaurant density is also high (88th percentile). By contrast, parks, pharmacies, and cafes are comparatively sparse in the immediate area, a consideration for resident experience programming. For investors, the amenity mix points to convenience-driven demand with room to differentiate via on-site activations and services.
Home values in the neighborhood skew higher (75th percentile nationally) and the value-to-income ratio is elevated (97th percentile), creating a high-cost ownership market that tends to sustain rental demand and can aid lease retention. At the same time, neighborhood rent-to-income levels are on the higher side, suggesting affordability pressure that calls for thoughtful lease management and renewal strategies. These dynamics, based on multifamily property research from WDSuite, favor steady occupancy while rewarding disciplined pricing.
Within a 3-mile radius, household counts have grown even as population edged slightly lower, indicating smaller household sizes and a broader renter pool. Looking ahead, households are projected to rise materially by the middle of the decade while average household size trends lower, which typically supports absorption for well-managed, right-sized units and helps stabilize occupancy.
Safety conditions are a mixed picture. Relative to San Antonio’s 595 neighborhoods, this area’s crime rank places it in a higher-crime segment of the metro. Nationally it stands below the median for safety. That said, WDSuite data indicates meaningful year-over-year decreases in both violent and property offense rates, an improving trend investors should monitor alongside property-level security measures and resident engagement.
Proximity to major corporate employers underpins renter demand and commute convenience, notably media and financial services anchors including iHeartMedia and multiple USAA facilities, plus Valero Energy.
- iHeartMedia — media headquarters (1.1 miles) — HQ
- USAA — financial services headquarters (5.6 miles) — HQ
- USAA Ops Building — financial services offices (5.8 miles)
- USAA Federal Savings Bank — banking offices (6.1 miles)
- Valero Energy — energy headquarters (9.6 miles) — HQ
Built in 1981, the asset is newer than much of the surrounding housing stock, offering a competitive edge versus older vintage properties while still presenting selective renovation and systems upgrades for value-add upside. Neighborhood fundamentals are supportive: occupancy trends are solid, renter concentration is among the highest in the metro, and nearby employment anchors drive steady leasing. High ownership costs in the area tend to sustain multifamily demand, though elevated rent-to-income levels warrant careful renewal and concessions strategy.
According to commercial real estate analysis from WDSuite, this inner-suburban location exhibits stable renter demand reinforced by grocery and dining access and a growing household base within 3 miles. Together with proximity to major employers, the setting supports occupancy resilience and operational consistency while allowing for targeted capex to enhance competitiveness.
- High renter-occupied share and above-median neighborhood occupancy support income stability
- 1981 vintage offers competitive positioning with potential renovation upside
- Strong employer proximity (media, financial services, energy) underpins durable tenant demand
- Elevated ownership costs reinforce reliance on rental housing and lease retention
- Risks: affordability pressure and area safety conditions require disciplined leasing and security planning