| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 14th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Pancho St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1998 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Pancho St Lockhart Multifamily Investment
Neighborhood occupancy is steady and renter demand is supported by household growth in the immediate area, according to WDSuite’s CRE market data.
Lockhart’s inner-suburban setting offers practical livability for workforce renters. Neighborhood restaurant access trends above the national median while grocery and pharmacy coverage track around mid-pack nationally, though parks and cafes are limited. For investors, this mix points to everyday convenience without paying a premium for high-amenity corridors.
The property’s 1998 construction is slightly older than the neighborhood average year built, suggesting routine capital planning and selective renovations could sharpen competitiveness versus early-2000s stock. Neighborhood occupancy is around the national upper-middle range, supporting leasing stability rather than rapid turnover.
Within a 3-mile radius, population and households have expanded over the last five years, and forecasts indicate further growth alongside smaller average household sizes. This combination typically enlarges the tenant base and can support occupancy and lease-up velocity for well-managed assets.
Tenure patterns reinforce multifamily depth: the neighborhood’s renter-occupied share sits in the top quartile nationally, indicating a meaningful renter concentration that supports demand resiliency. Home values are comparatively accessible in regional context, so pricing strategy should balance rent growth with retention to limit competition from entry-level ownership.
Relative to neighborhoods nationwide, local safety indicators are favorable overall: property offenses benchmark in the top percentile nationally (safer) and violent-offense measures track in the upper quartile. This positioning suggests comparative risk is manageable for typical multifamily operations.
Recent trends are mixed, with violent-offense momentum less favorable year over year while property offenses have eased. Investors should monitor trendlines and align security measures and insurance assumptions with underwriting norms for the Austin metro.
Commutable access to major employers across Greater Austin underpins renter demand and retention for workforce housing, including roles in technology, insurance, and corporate services reflected below.
- Oracle Waterfront — technology offices (25.8 miles)
- State Farm Insurance — insurance (26.0 miles)
- Whole Foods Market — corporate offices (27.9 miles) — HQ
- New York Life — insurance (34.2 miles)
- Airgas — industrial gases offices (35.0 miles)
1300 Pancho St offers a practical workforce housing thesis in Lockhart, with neighborhood occupancy in a stable range and a renter base supported by recent and projected household growth within 3 miles. According to CRE market data from WDSuite, local rents and ownership costs sit near the middle of national distributions, which supports a balanced strategy focused on retention and steady rent steps rather than aggressive mark-to-market assumptions.
The 1998 vintage is slightly older than nearby averages, creating an avenue for targeted value-add—common-area refresh, unit interiors, and systems updates—to enhance positioning versus early-2000s competitors. A moderate renter concentration and commutable access to Greater Austin employers further support demand durability, while underwriting should account for mixed safety trendlines and amenity gaps.
- Stable neighborhood occupancy supports leasing consistency and cash flow visibility.
- 3-mile population and household growth expand the tenant base and support absorption.
- 1998 construction offers value-add potential through targeted renovations and system upgrades.
- Commutable reach to Greater Austin employers underpins renter demand and retention.
- Risks: mixed recent safety trendlines and thinner park/cafe amenities warrant prudent underwriting and operating plans.