| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 68th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Medical Dr, Boerne, TX, 78006, US |
| Region / Metro | Boerne |
| Year of Construction | 2007 |
| Units | 120 |
| Transaction Date | 2017-12-12 |
| Transaction Price | $11,500,000 |
| Buyer | WOODLAND 120 OWNER LLC |
| Seller | BOERNE WOODLAND APARTMENTS I LTD |
150 Medical Dr, Boerne TX Multifamily Investment (2007 Vintage)
Suburban A-rated neighborhood fundamentals and affluent household profiles point to steady renter demand, according to WDSuite's CRE market data, with occupancy around the neighborhood level supportive of income stability and measured rent growth potential.
Situated in Boerne within the San Antonio–New Braunfels metro, the neighborhood ranks in the top quartile among 595 metro neighborhoods (A rating), indicating competitive livability and demand drivers versus the broader region. Schools average about 4 out of 5, and everyday conveniences like groceries, parks, and pharmacies are present at moderate density typical of a suburban node.
Neighborhood occupancy is about 90% and has softened versus five years ago, but remains supportive for cash flow management. Rents in this area trend on the higher side for the region and have risen meaningfully over the past cycle, based on CRE market data from WDSuite, signaling pricing power where product quality and operations are strong.
Tenure data suggest a smaller renter-occupied share at the neighborhood level, implying an owner-tilted area. For multifamily investors, that typically translates to a more selective—but stable—tenant base and the need for targeted marketing and amenity positioning to sustain leasing velocity.
Within a 3-mile radius, demographics show population growth in recent years and projections for additional household increases by 2028, alongside smaller average household sizes. That trend can expand the renter pool and favor efficient floor plans, supporting occupancy stability for well-managed assets. Elevated home values locally tend to reinforce renter reliance on multifamily housing, while a moderate rent-to-income profile points to manageable affordability pressure that can aid retention.
Comparable neighborhood-level safety metrics were not available in WDSuite's current release for this location. Investors typically benchmark property performance and resident retention against metro and national norms, supplementing with on-the-ground diligence and public safety resources to understand trend direction at the submarket level.
Proximity to major employers supports commuter convenience and leasing durability, led by energy and financial services anchors including Valero Energy, USAA Federal Savings Bank, the USAA Operations campus, Andeavor, and USAA's headquarters.
- Valero Energy — energy (16.1 miles) — HQ
- USAA Federal Savings Bank — banking (19.8 miles)
- USAA Ops Building — corporate operations (20.1 miles)
- Andeavor — energy (20.2 miles) — HQ
- USAA — insurance (20.3 miles) — HQ
150 Medical Dr is a 2007-vintage, 120-unit asset in an A-rated suburban pocket of the San Antonio–New Braunfels metro. The neighborhood shows solid renter demand fundamentals: occupancy around 90% at the neighborhood level, higher regional rent positioning with meaningful multi-year growth, and elevated home values that help sustain multifamily reliance. According to CRE market data from WDSuite, the area's demographics within a 3-mile radius reflect recent population growth and a projected increase in households by 2028, which can expand the tenant base and support steady leasing.
The 2007 construction is newer than the neighborhood average vintage, offering competitive positioning versus older stock while leaving room for selective modernization to sharpen curb appeal and operating efficiency. An owner-tilted neighborhood tenure suggests a focused, stable renter cohort; operationally, that often pairs well with disciplined marketing, attention to renewals, and product differentiation. Smaller average unit sizes can further align with the trend toward smaller households, enhancing absorption potential.
- A-rated, top-quartile neighborhood within the San Antonio–New Braunfels metro supports ongoing renter demand
- 2007 vintage provides relative competitiveness versus older stock with targeted value-add and systems updates
- Demographic momentum within 3 miles and projected household growth bolster the tenant base and leasing stability
- Owner-tilted tenure and suburban amenities call for focused marketing and renewal strategies to sustain velocity
- Suburban location with moderate amenity density; plan for commuter-oriented positioning and transportation access