| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 37th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Linda Dr, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1972 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Linda Dr San Marcos TX Value-Add Multifamily
Renter demand in the surrounding neighborhood is durable, with a high share of renter-occupied housing units supporting leasing depth, according to WDSuite’s commercial real estate analysis. Investors should view this as a steady occupancy backdrop with measured pricing power rather than an outsized growth story.
Located in San Marcos an inner-suburb setting within the Austin-Round Rock-Georgetown metro the neighborhood shows balanced fundamentals that appeal to workforce and student-oriented renters. Amenity access is competitive versus national norms with restaurants and grocery options performing above average nationally while parks and pharmacies add everyday convenience. Caf density trails peers suggesting more limited caf -style options nearby.
For investors assessing rent and occupancy conditions neighborhood occupancy trends sit roughly near the national midpoint (national percentile around the middle) indicating neither unusually tight nor soft conditions. The share of housing units that are renter-occupied is high and sits in the top quartile among 527 metro neighborhoods reinforcing depth of the tenant base and supporting lease-up and retention for multifamily assets.
Income performance indicators are constructive: average NOI per unit in the neighborhood benchmarks in the top quartile nationally a favorable signal for cash flow resilience relative to many U.S. neighborhoods based on CRE market data from WDSuite. At the same time elevated homeownership costs are not the local story; ownership is comparatively more accessible here than in higher-cost metros which can introduce modest competition with entry-level ownership and should be considered in pricing strategy and retention planning.
Within a 3-mile radius population and household counts have expanded and are projected to continue growing indicating a larger tenant base over time. A sizable 18 34 renter cohort and expected household growth suggest ongoing renter pool expansion that can support occupancy stability though management should watch rent-to-income levels to maintain retention as rents step up.
Safety signals are mixed and should be evaluated alongside property-specific measures. Compared with neighborhoods nationwide overall crime benchmarks below average safety levels (lower national percentile). However recent trends show property-related offenses improving year over year placing the neighborhood in a stronger national percentile for improvement. Violent offense benchmarks remain comparatively elevated versus national peers so prudent on-site security lighting and community engagement practices are relevant for underwriting and operations.
Within the Austin-Round Rock-Georgetown metro the neighborhood s crime standing sits below the metro median not among the top-performing cohorts. Investors typically mitigate this through asset-level controls resident screening and partnerships with local resources and by emphasizing visibility and maintenance to support resident confidence.
- State Farm Insurance insurance (22.4 miles)
- Oracle Waterfront technology offices (28.0 miles)
- Whole Foods Market grocery retail (29.0 miles) HQ
- New York Life insurance (33.7 miles)
- Cst Brands fuel & convenience retail (34.6 miles) HQ
Built in 1972 the property is older than the neighborhood s average vintage and lends itself to targeted value-add or system upgrades to sharpen competitive positioning. Renter concentration in the surrounding neighborhood is high and supports depth of demand while occupancy patterns hover near national mid-range levels suggesting steady management-driven performance rather than outsized momentum. According to CRE market data from WDSuite neighborhood NOI per unit trends are top quartile nationally a constructive backdrop for cash flow durability when paired with disciplined expense control.
Within a 3-mile radius recent growth in population and households alongside projections for additional household gains by 2028 point to an expanding renter pool that can support occupancy stability and leasing velocity. Ownership remains comparatively accessible in this market so pricing and renovation scopes should be calibrated to maintain retention while capturing achievable rent steps.
- High renter-occupied share supports tenant base depth and leasing stability.
- Vintage 1972 creates clear value-add pathways via targeted renovations and system upgrades.
- Top-quartile neighborhood NOI per unit trends (nationally) support cash flow resilience.
- 3-mile population and household growth indicate ongoing renter pool expansion.
- Risk: Below-average safety benchmarks and competition from accessible ownership require conservative underwriting and active management.