| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 41st | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 Schertz Pkwy, Schertz, TX, 78154, US |
| Region / Metro | Schertz |
| Year of Construction | 1973 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1401 Schertz Pkwy Schertz TX Value-Add Multifamily
Neighborhood occupancy trends sit above the metro median, supporting steady leasing performance for stabilized assets, according to WDSuite s CRE market data.
Positioned in an Inner Suburb of the San Antonio New Braunfels metro, the immediate neighborhood is competitive among 595 metro neighborhoods and carries a B+ rating. Local retail and daily-needs access are solid, with parks density in the top quartile nationally and restaurant and grocery options above national midpoints - factors that help sustain resident convenience and renter appeal.
The property's 1973 construction is older than the neighborhood's typical 2000s-era stock. For investors, that points to potential value-add and capital planning opportunities to modernize interiors and building systems to stay competitive against newer supply while targeting rent trade-outs tied to upgrades.
Unit tenure in the neighborhood reflects a moderate renter concentration - roughly one-third of housing units are renter-occupied - which supports a meaningful tenant base without overexposure. Neighborhood occupancy is above the metro median, a constructive signal for near-term leasing stability and renewal performance.
Within a 3-mile radius, households have been edging up even as population trends are flat to slightly negative, indicating smaller household sizes and a gradual expansion of the renter pool. Incomes are comparatively healthy and rising, and rent levels have advanced over recent years, which can support pricing power when paired with thoughtful asset improvements. Ownership remains relatively accessible in this submarket compared with many U.S. areas, which can create some competition with renting; however, a rent-to-income profile near the middle of national norms helps manage affordability pressure and can aid retention.
School quality in the area scores below national averages, which is worth underwriting for family-oriented demand. Amenity access (notably parks and dining) and commute connectivity to core employment nodes help balance this, positioning the asset for workforce-oriented demand.
Neighborhood-level safety data were not available in WDSuite for this specific location. Investors typically benchmark conditions against city and county trends, review recent incident patterns over multiple years, and weigh property-level measures (lighting, access control, and onsite management) when underwriting leasing risk and retention.
As with any submarket, pairing third-party data with management reports and insurer feedback can provide a clearer view of trend direction and any concentration of incidents near major corridors versus residential streets.
Proximity to San Antonio corporate campuses underpins a broad white-collar employment base, supporting renter demand through commute convenience. Nearby anchors include energy, media, and financial services employers listed below.
- CST Brands retail & energy corporate offices (10.0 miles) HQ
- Andeavor energy corporate offices (12.0 miles) HQ
- iHeartMedia media corporate offices (13.6 miles) HQ
- USAA financial services (18.4 miles) HQ
- Usaa Ops Building corporate operations (18.4 miles)
The investment case centers on value-add upside and durable suburb fundamentals. Built in 1973, the asset is materially older than nearby 2000s stock, creating scope for targeted renovations and systems upgrades to enhance competitive positioning against newer supply. Neighborhood occupancy trends run above the metro median and the renter-occupied share provides a stable tenant base, while a mid-range rent-to-income profile supports retention and manageable affordability pressure, according to CRE market data from WDSuite.
Within a 3-mile radius, households are expanding even as population growth is muted, implying smaller household sizes and a larger pool of renters over time. Rising incomes and rent levels support a thesis for renovation-led rent premiums, while relatively accessible ownership in this submarket should be considered in pricing and marketing, particularly for larger units catering to families given below-average school ratings.
- 1973 vintage offers clear value-add and capex planning opportunities versus newer neighborhood stock.
- Neighborhood occupancy above metro median supports leasing stability and renewal performance.
- 3-mile households trending up with rising incomes expands the renter pool and supports pricing power.
- Amenity access (parks, dining, groceries) enhances livability for workforce renters.
- Risks: accessible ownership and below-average school ratings may temper demand for larger family units; underwrite premiums and unit mix accordingly.