| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 65th | Best |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 41340 Fm 3159, Canyon Lake, TX, 78133, US |
| Region / Metro | Canyon Lake |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | 2009-03-25 |
| Transaction Price | $1,500,000 |
| Buyer | CV2009 LLC |
| Seller | BASS FRANK |
41340 FM 3159 Canyon Lake Multifamily Opportunity
Suburban Canyon Lake shows steady renter demand with neighborhood occupancy trending above national norms, according to WDSuite’s CRE market data. This positioning can support income stability, though depth of the renter pool varies by submarket rather than the property itself.
Canyon Lake is a suburban pocket within the San Antonio–New Braunfels metro that leans residential and car-oriented. Neighborhood amenities are limited relative to the metro (fewer cafes, parks, and pharmacies), reinforcing a quieter living environment where drive-time access to retail and employment is the norm rather than walkability.
Neighborhood occupancy is above the national average (ranked above the metro median among 595 neighborhoods), a constructive signal for lease-up and renewal prospects at the neighborhood level. This statistic reflects the neighborhood, not the property. Against metro peers, the submarket reads as competitive on stability while offering fewer lifestyle amenities than urban cores.
Within a 3-mile radius, demographics skew higher income with a growing household base. WDSuite indicates households and families have expanded meaningfully in recent years and are projected to continue increasing, pointing to a larger tenant base over time. Renter concentration within 3 miles remains modest compared to owner-occupied housing, which can temper near-term leasing velocity but still supports demand for quality, well-positioned units.
Home values in the neighborhood are elevated relative to national benchmarks, and median household incomes rank in the upper tier locally. For multifamily investors, a high-cost ownership market can reinforce reliance on rentals at certain price points, supporting pricing power and retention when combined with neighborhood-level occupancy strength.
Safety indicators for the neighborhood track near the national middle, with overall crime levels placing the area competitive among San Antonio–New Braunfels neighborhoods (relative to 595 neighborhoods). Nationally, composite crime measures sit below the top quartile of safer areas, while violent and property offense estimates are closer to the national median. These are neighborhood-level readings, not block-specific conditions.
Recent year-over-year estimates point to some uptick in reported offense rates. Investors should incorporate standard diligence—reviewing recent trends, engaging local management, and confirming security measures—when underwriting leasing performance and operating expenses.
Proximity to major San Antonio employers supports a commuter renter base, with drive-time access to energy, media, and financial services anchors that can aid leasing stability and renewals.
- Cst Brands — corporate offices (16.8 miles) — HQ
- Andeavor — corporate offices (18.5 miles) — HQ
- Valero Energy — energy corporate offices (25.9 miles) — HQ
- Iheartmedia — media corporate offices (26.4 miles) — HQ
- USAA Federal Savings Bank — financial services (26.9 miles)
Built in 2008, the property is slightly older than the neighborhood’s newer stock, creating a straightforward value-add path through selective renovations and systems updates to maintain competitive positioning. At the neighborhood level, occupancy trends are above national averages, which can support income durability and renewal capture when combined with a commuter-friendly location.
Within a 3-mile radius, WDSuite’s commercial real estate analysis shows higher incomes and a projected increase in households, expanding the potential renter pool even as the area remains more owner-oriented. Elevated ownership costs nearby can sustain demand for quality rentals at appropriate pricing. Underwriting should account for car-dependent living and the thinner renter concentration relative to core urban submarkets.
- 2008 vintage with value-add potential via interior refresh and modernization
- Neighborhood occupancy above national averages, per WDSuite’s CRE market data
- Higher-income 3-mile demographics and growing household counts support demand depth
- Access to major San Antonio employers underpins commuter leasing and retention
- Risks: modest renter concentration and amenity-light setting may slow leasing velocity