| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 37th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12943 Highway 142, Martindale, TX, 78655, US |
| Region / Metro | Martindale |
| Year of Construction | 1993 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12943 Highway 142, Martindale TX Multifamily Investment
Neighborhood occupancy is strong and supports leasing stability, according to WDSuite’s CRE market data, with the submarket showing resilient renter demand relative to the metro. Moderate renter concentration and modest amenity density point to workforce housing dynamics rather than lifestyle positioning.
Situated in a suburban pocket of Caldwell County within the Austin-Round Rock-Georgetown metro, the neighborhood shows high occupied housing, ranking 122 out of 527 metro neighborhoods—top quartile locally—which supports steady leasing and lower downtime risk (based on CRE market data from WDSuite). Amenity density is limited in the immediate area, indicating a more car-dependent setting and positioning the asset toward value-focused renters rather than amenity seekers.
Rents at the neighborhood level trend near the 70th percentile nationally, suggesting achievable pricing for well-managed units, while the share of renter-occupied housing is above the national midpoint (63rd percentile). For investors, this combination points to a meaningful tenant base and the potential for durable occupancy, with concessions more likely to be driven by property-level competitiveness than by weak demand.
Demographic statistics aggregated within a 3-mile radius indicate households increased despite a modest population dip in the prior period, consistent with smaller household sizes and a broader renter pool. Projections point to notable population and household growth through 2028, which would expand the tenant base and support occupancy continuity if realized.
The asset’s 1993 vintage is newer than the neighborhood’s average construction year of 1984. That relative youth can be a competitive edge versus older stock, though investors should plan for typical system modernization and targeted renovations to sustain rent positioning and reduce long-term capex surprises.
Affordability warrants monitoring: neighborhood rent-to-income metrics signal higher-than-typical pressure nationally. Lease management, renewal strategies, and tailored unit mixes may be important to preserve retention without sacrificing pricing power.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location, so investors typically benchmark conditions against county and metro trends and observe on-the-ground indicators around the property. Use a consistent framework (daytime activity, visibility, lighting, and reported trend direction) to contextualize risk rather than relying on isolated incidents.
Regional employers within commuting distance help underpin renter demand, particularly for workforce households commuting into Greater Austin. Notable nearby corporate offices include State Farm Insurance, Oracle, Whole Foods Market, New York Life, and Coca-Cola.
- State Farm Insurance — insurance (24.5 miles)
- Oracle Waterfront — technology/offices (28.2 miles)
- Whole Foods Market — corporate offices (29.7 miles) — HQ
- New York Life — financial services (35.1 miles)
- Coca-Cola — consumer goods (37.4 miles)
This 27-unit property built in 1993 benefits from a neighborhood where occupied housing ranks in the top quartile among 527 metro neighborhoods, supporting stable operations and limited vacancy exposure. The asset skews toward workforce housing given limited nearby amenities and commuting access to major employers, with pricing power more tied to property condition and unit features than to local retail adjacency. According to commercial real estate analysis sourced from WDSuite, neighborhood rents benchmark around the national upper-middle range while renter concentration is above the national midpoint—signals that point to a viable tenant base, provided affordability is actively managed.
Relative to older area stock (average vintage 1984), the 1993 construction offers a competitive foundation, though planning for system updates and selective renovations remains prudent to sustain rent positioning. Near-term risk centers on affordability pressure and car-dependent living, while medium-term projections for population and household growth within a 3-mile radius could expand the renter pool and reinforce occupancy if realized.
- High neighborhood occupancy (top quartile locally) supports leasing stability
- 1993 vintage is newer than area average, with value-add and modernization pathways
- Rents near the national upper-middle range with renter concentration above midpoint
- Regional employers within commuting distance bolster workforce housing demand
- Risks: affordability pressure and limited amenity density may affect retention and lease-up