| 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 | 2008 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Medical Dr, Boerne TX Multifamily Investment
Newer 2008 vintage in a suburban A-rated neighborhood positions this 120-unit asset for steady renter demand and competitive leasing, supported by a high-cost ownership market and solid schools, according to WDSuite’s CRE market data from ongoing commercial real estate analysis.
Located in Boerne within the San Antonio–New Braunfels metro, the neighborhood carries an A rating and ranks 51st among 595 metro neighborhoods, placing it in the top quartile for overall fundamentals. The area is suburban with daily-needs amenities like grocery and pharmacy access performing around the metro middle, while café density is limited—tilting the appeal toward family-oriented, convenience-based living rather than urban lifestyle offerings.
Schools average 4.0 out of 5 and sit in the higher tiers nationally, which can enhance leasing appeal for family renters. Median home values are elevated for the region, reinforcing reliance on multifamily for households seeking more accessible monthly housing costs. For investors, that ownership landscape tends to support tenant retention and measured pricing power without depending on rapid in-migration alone.
Vintage matters: a 2008 construction date is newer than the local average year built, suggesting competitive positioning versus older stock. Investors should still plan for mid-life systems updates and selective common-area refreshes to maintain curb appeal and sustain occupancy.
Tenure and demand signals are mixed but constructive. At the neighborhood level, the share of renter-occupied housing units is modest, indicating a sizable owner base nearby; within a 3-mile radius, renter concentration is meaningfully higher, which broadens the tenant pool for a 120-unit community. Occupancy at the neighborhood level has edged down over the last five years, so proactive leasing and renewal management remain important, but rent-to-income levels indicate manageable affordability pressure by regional standards.
Demographics aggregated within a 3-mile radius point to recent population and household growth, with projections calling for further increases and smaller average household sizes over the next five years. That combination typically expands the renter pool and supports occupancy stability for well-managed multifamily properties.
Neighborhood-specific crime estimates are not available in WDSuite for this location. Investors commonly benchmark safety context against Kendall County and the broader San Antonio–New Braunfels metro trends, focusing on multi-year direction rather than single-year readings. Property-level measures (lighting, access control, and visibility) and proximity to well-trafficked corridors can also influence resident perception and lease retention.
Proximity to major San Antonio employers supports a commuter-friendly renter base and helps stabilize leasing, with a concentration in energy and financial services. Nearby anchors include Valero Energy, USAA Federal Savings Bank, the USAA Ops Building, Andeavor, and USAA headquarters.
- Valero Energy — energy (16.0 miles) — HQ
- USAA Federal Savings Bank — financial services (19.7 miles)
- Usaa Ops Building — financial services operations (20.0 miles)
- Andeavor — energy (20.1 miles) — HQ
- Usaa — financial services (20.2 miles) — HQ
The 2008 vintage positions this asset competitively versus older suburban stock in Boerne, with elevated regional home values reinforcing sustained reliance on rental housing. Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base, which can underpin occupancy stability and renewal performance when paired with disciplined operations.
Based on CRE market data from WDSuite, neighborhood quality ranks in the metro’s upper tier and school outcomes are strong, while amenity mix skews to daily needs over urban lifestyle. Affordability indicators (including rent-to-income) suggest manageable pressure for working households, though neighborhood-level occupancy has softened, warranting active lease management and targeted capital to keep the property competitive as it approaches mid-life systems replacement.
- Newer 2008 construction offers competitive positioning; plan for mid-life systems updates.
- Elevated regional home values support multifamily reliance and measured pricing power.
- 3-mile demographic growth expands the renter pool and supports occupancy stability.
- Metro-top-quartile neighborhood quality and strong schools enhance leasing appeal.
- Risks: neighborhood occupancy has eased; limited café density favors convenience over urban lifestyle—necessitating proactive leasing and amenity programming.