| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 75th | Best |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 860 Landa St, New Braunfels, TX, 78130, US |
| Region / Metro | New Braunfels |
| Year of Construction | 2006 |
| Units | 112 |
| Transaction Date | 2006-05-01 |
| Transaction Price | $3,875,000 |
| Buyer | NEW BRAUNFELS LANDA PLACE APARTMENTS LP |
| Seller | MACDONALD G GRANGER |
860 Landa St, New Braunfels Multifamily Investment
Positioned in a suburban B+ neighborhood with a high-cost ownership market, the asset caters to steady renter demand and supports retention, according to WDSuite’s commercial real estate analysis. Home values trend elevated for the metro while rent-to-income levels suggest manageable affordability pressure for tenants.
The property sits in a suburban pocket of New Braunfels within the San Antonio–New Braunfels metro that ranks 194 of 595 neighborhoods, which is competitive among San Antonio–New Braunfels neighborhoods based on WDSuite’s CRE market data. Local housing occupancy across all tenure types trends below the metro median, pointing to selective demand by micro-location and product positioning rather than broad weakness.
Livability features skew toward outdoor access: park density is in the top quartile nationally and ranks near the top within the metro, while cafes, restaurants, groceries, and pharmacies are comparatively sparse in the immediate neighborhood. For investors, that mix favors residents prioritizing green space and quieter streets over retail adjacency; it may also place a premium on on-site amenities and convenient drives to daily needs.
Vintage context matters: the average construction year in the neighborhood is 2000, and the subject’s 2006 build is newer than local stock. That positioning typically supports competitiveness against older inventory, though mid-life systems and finishes may benefit from targeted capital improvements for durability and rentability.
Tenure patterns indicate a measured rental base: about 27% of housing units in the neighborhood are renter-occupied, suggesting demand is present but not saturated. Within a 3-mile radius, population and household counts have grown meaningfully and are projected to expand further over the next five years, which supports a larger tenant base and occupancy stability. Elevated home values relative to incomes in the neighborhood context reinforce reliance on multifamily housing, while a low rent-to-income ratio indicates manageable lease burdens that can aid retention.
Safety indicators are mixed when comparing local and broader benchmarks. The neighborhood’s crime rank is 61 out of 595 metro neighborhoods, signaling higher crime relative to the San Antonio–New Braunfels average, yet national comparisons place the area around the middle of the pack overall. WDSuite’s data also shows violent offense levels performing above the national median and property offense measures trending stronger than many neighborhoods nationwide.
Recent trends warrant monitoring: property-related incidents have seen a near-term uptick, even as broader safety metrics remain comparatively balanced at the national level. Investors should incorporate standard security, lighting, and access-control measures consistent with typical suburban assets.
Employment access is supported by major corporate offices to the south in San Antonio, which can bolster renter demand and reduce commute friction for residents. Notable nearby employers include CST Brands, Andeavor, iHeartMedia, and USAA offices.
- CST Brands — corporate offices (17.2 miles) — HQ
- Andeavor — energy corporate offices (19.6 miles) — HQ
- iHeartMedia — media corporate offices (24.5 miles) — HQ
- USAA Ops Building — financial services operations (28.0 miles)
- USAA — financial services (28.0 miles) — HQ
This 112-unit 2006 asset benefits from a suburban setting that is competitive within the San Antonio–New Braunfels metro and supported by expanding 3-mile population and household counts, pointing to renter pool expansion and stable leasing. According to CRE market data from WDSuite, elevated neighborhood home values and a favorable rent-to-income profile support demand depth and potential retention, while proximity to major employment nodes in San Antonio underpins commute-oriented renting.
Being newer than the area’s average construction year helps competitive positioning versus older stock, though mid-life systems may call for planned capital to sustain curb appeal and operating reliability. Amenity-light surroundings heighten the value of on-site features and management quality to drive leasing velocity and renewals.
- Newer 2006 vintage versus local average supports competitive positioning with targeted value-add potential
- Expanding 3-mile population and households point to a larger tenant base and occupancy stability
- Elevated ownership costs with manageable rent-to-income levels support demand depth and retention
- Access to major San Antonio employers underpins leasing from commuters
- Risk: amenity-light micro-location and below-metro occupancy require strong on-site amenities and active leasing