| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 70th | Best |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 Island Vw, Canyon Lake, TX, 78133, US |
| Region / Metro | Canyon Lake |
| Year of Construction | 1996 |
| Units | 32 |
| Transaction Date | 2005-08-01 |
| Transaction Price | $1,500,000 |
| Buyer | EVERTHRIVING REAL ESTATE INVESTMENTS LLC |
| Seller | 1400 ISLAND VIEW LTD |
1400 Island Vw Canyon Lake Multifamily Opportunity
Neighborhood metrics point to a modest renter-occupied share today but relatively accessible rents versus incomes, according to WDSuite’s CRE market data, suggesting retention-oriented operations may be viable here as the tenant base deepens. This commercial real estate analysis emphasizes stability over speed, with value-add potential driven by asset quality and location fundamentals.
Situated in the San Antonio–New Braunfels metro, this Canyon Lake location is competitive among San Antonio–New Braunfels neighborhoods (ranked 199 out of 595) with a Suburban profile and a B+ neighborhood rating. Amenity density skews lighter than urban cores (amenities around the 27th percentile nationally), but park access trends stronger (around the 72nd percentile), which can appeal to residents prioritizing outdoor recreation.
Rents in the neighborhood sit near national midpoints while median household incomes trend above average for the nation, and the rent-to-income ratio ranks in the top quartile nationally. For investors, that combination supports lease retention and measured pricing power without pushing affordability pressure to levels that typically elevate turnover risk.
The property’s 1996 vintage is somewhat newer than the neighborhood’s average construction year (1991). That positioning can aid competitiveness versus older stock, though investors should still plan for targeted modernization and systems refresh to sustain rentability over the hold.
Neighborhood housing shows a lower share of renter-occupied units (reflecting a thinner local renter concentration). For demand context beyond the immediate neighborhood, demographics aggregated within a 3-mile radius show recent population and household growth with further expansion forecast, which points to a gradually enlarging tenant base that can support occupancy stability over time.
Safety indicators for the neighborhood are mixed in a national context. Overall crime benchmarks align below the national median (around the 34th percentile nationally), indicating the area experiences more reported incidents than many U.S. neighborhoods. Property offense trends have shown a recent upswing year over year, while violent offense levels sit closer to midrange nationally (around the 44th percentile).
Within the San Antonio–New Braunfels metro, neighborhood conditions can vary by corridor and time of day. Investors should underwrite to prudent security measures and monitor trendlines rather than isolated snapshots, using consistent, comparable sources over time.
Proximity to major corporate centers supports commuter convenience and a stable renter pool, particularly for professionals tied to energy, media, and financial services. Key employment drivers within a commutable radius include CST Brands, Andeavor, iHeartMedia, Valero Energy, and USAA.
- CST Brands — energy & retail (18.9 miles) — HQ
- Andeavor — energy (20.8 miles) — HQ
- iHeartMedia — media (28.3 miles) — HQ
- Valero Energy — energy (28.5 miles) — HQ
- USAA — financial services (29.5 miles) — HQ
1400 Island Vw combines a 32‑unit scale with a 1996 vintage and compact average unit sizes, positioning the asset to deliver attainable rents and potentially strong per‑square‑foot economics. Based on CRE market data from WDSuite, the neighborhood shows rents near national midpoints, a rent‑to‑income profile favorable to retention, and a lighter renter concentration at present — conditions that reward active leasing and asset management.
Demographics aggregated within a 3‑mile radius indicate recent growth and a forecast expansion in households, which supports a larger tenant base over time. While local amenities are thinner than urban cores, park access is comparatively strong for the area, and the property’s slightly newer‑than‑average vintage can remain competitive with targeted upgrades to interiors and building systems.
- Favorable rent-to-income dynamics support retention and measured rent growth
- 1996 vintage offers competitive positioning with focused modernization
- 3-mile demographic growth points to a gradually expanding renter pool
- Proximity to regional employers underpins commuter demand from professionals
- Risks: thinner local renter concentration and mixed safety trendlines warrant conservative underwriting