| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 10th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 811 Darby Blvd, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 1986 |
| Units | 76 |
| Transaction Date | 2014-11-21 |
| Transaction Price | $2,900,000 |
| Buyer | DARBY SQUARE GROUP LLC |
| Seller | DARBY NATION LLC |
811 Darby Blvd San Antonio Multifamily Opportunity
Neighborhood occupancy trends run above the metro median, signaling steady renter demand for this 76-unit asset, according to WDSuite’s CRE market data.
Located in San Antonio’s inner-suburban west side, the property benefits from neighborhood occupancy that is above the metro median among 595 neighborhoods, a constructive backdrop for lease stability and collections. Median asking rents in the area sit in the lower half of metro benchmarks, which supports retention and broadens the tenant pool for smaller-format units.
Local amenity density is limited for cafes, parks, and pharmacies, while grocery access is comparatively better, helping day-to-day convenience. For investors, that mix suggests residents may rely on nearby commercial corridors for services, which can keep operating expectations focused on housing value rather than lifestyle extras.
Vintage matters here: the asset was built in 1986, newer than the neighborhood’s older housing stock. That positioning can enhance competitiveness versus pre-1970s buildings, while still warranting capital planning for aging systems and targeted interior upgrades to drive rent premiums.
Demographic statistics aggregated within a 3-mile radius show households have been increasing even as population has edged lower, reflecting smaller household sizes and a potential shift toward more renters entering the market. The renter-occupied share at roughly two-fifths indicates a meaningful renter concentration that can support occupancy, and rising household incomes in the area improve the foundation for moderate rent growth and renewal capture.
Home values in the surrounding neighborhood are lower relative to national levels. That can introduce some competition from entry-level ownership, but it also reinforces the role of well-managed, more accessible rental options in sustaining tenant retention.
Safety indicators for the neighborhood track below national averages, with crime levels ranking weaker among San Antonio neighborhoods (ranked closer to the higher-crime cohort out of 595). Nationally, this area performs below the median for safety, particularly on violent offenses. Investors should underwrite with conservative assumptions for security measures and tenant screening.
That said, recent trends show improvement: property offenses have declined year over year, and violent incidents have eased as well. These directional gains suggest risk management strategies may benefit from continued partnership with local resources and targeted on-site enhancements rather than assuming static conditions.
Proximity to established corporate employers underpins workforce demand and commute convenience for residents, including iHeartMedia, USAA’s headquarters and nearby operations, and Valero Energy’s headquarters.
- Iheartmedia — media HQ (7.5 miles) — HQ
- Usaa — financial services HQ (9.4 miles) — HQ
- Usaa Ops Building — financial services operations (9.6 miles)
- USAA Federal Savings Bank — banking (9.9 miles)
- Valero Energy — energy HQ (13.5 miles) — HQ
The investment case centers on occupancy stability, workforce-oriented demand, and value-add potential. The 1986 vintage is newer than much of the surrounding housing stock, offering a relative quality edge versus older assets while still presenting opportunities for targeted renovations and systems updates. Neighborhood occupancy sits above the metro median, and median asking rents track in the lower half of the market, supporting retention and lease-up resilience. Based on CRE market data from WDSuite, these dynamics align with steady renter demand despite softer amenity density.
Within a 3-mile radius, household counts have increased and are projected to continue expanding as household sizes trend smaller, supporting a larger tenant base over time. Rising local incomes further support measured rent growth, while lower entry-price ownership options suggest keeping price points competitive and emphasizing operational execution.
- Above-metro neighborhood occupancy supports steady collections and leasing
- 1986 construction offers a competitive edge versus older stock with clear value-add levers
- Household growth within 3 miles and rising incomes deepen the tenant base
- Workforce-aligned rents aid retention; focus on operations to capture renewals
- Risks: below-median safety and limited on-amenity density; underwrite security and marketing accordingly