| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1343 Bandera Hwy, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 2008 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1343 Bandera Hwy, Kerrville TX Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy, with a majority of units renter-occupied according to WDSuite’s CRE market data.
Located in Kerrville’s inner-suburb fabric, the property benefits from a neighborhood rated B and an occupancy environment that is competitive among Kerrville neighborhoods (8th of 24) and stronger than many areas nationally (upper-third percentile), supporting income stability for multifamily operators. Grocery and dining access are standouts locally (both ranked 1st of 24 neighborhoods), which helps with day-to-day convenience and leasing appeal, while parks and childcare options also rank near the top of the metro (2nd of 24 for each). Cafe and pharmacy density trail metro peers, a minor consideration for resident convenience planning.
The 2008 vintage is newer than the neighborhood’s typical 1985 average, positioning the asset relatively well versus older competing stock; investors should still underwrite routine modernization over a long hold (systems, common areas) to preserve competitiveness.
Renter-occupied share is high for the neighborhood (top decile nationally by WDSuite metrics), indicating a deep tenant base that generally supports leasing velocity and retention. Median contract rents in the area sit below many national metro readings, while a high-cost ownership market is not present here; together this suggests balanced affordability, with pricing power more likely to be incremental and tied to asset quality and management execution.
Within a 3-mile radius, demographics show recent population and household growth with projections calling for further gains by 2028, indicating a larger tenant base over time. Income distribution is mixed, so operators may prioritize unit finishes and amenity packages that align with workforce and mid-market demand to support occupancy and reduce turnover.
Safety indicators compare favorably to many neighborhoods nationwide (crime sits in the upper half by national percentile), while the neighborhood’s standing within the Kerrville metro is closer to the middle of the pack. Recent year-over-year declines in both property and violent offenses, as captured by WDSuite, point to improving conditions that can support leasing and resident retention, though investors should still underwrite standard security and lighting upgrades consistent with submarket norms.
- Valero Energy — energy HQ (44.2 miles) — HQ
This 45-unit asset offers a newer-than-average 2008 vintage in a Kerrville neighborhood with competitive occupancy and strong daily-needs access. Renter concentration is high and neighborhood rents remain relatively accessible, supporting a durable tenant base and steady lease-up potential. According to CRE market data from WDSuite, the submarket’s occupancy stands above many areas nationally, while household and population growth within 3 miles point to ongoing renter pool expansion.
Forward strategy centers on maintaining a quality finish level to capture incremental rent increases relative to the area’s balanced affordability, while leveraging proximity to essential retail and services to drive retention. Investors should budget for standard modernization over time and monitor metro-comparative safety positioning and income sensitivity when setting rent growth assumptions.
- Competitive neighborhood occupancy versus metro and nation supports income stability
- 2008 construction offers relative advantage over older local stock with manageable capex
- High renter-occupied share indicates deep tenant base and steady leasing
- Daily-needs convenience (grocery, dining, parks) enhances retention and marketing
- Risks: income sensitivity may limit outsized rent growth; metro-relative safety is mid-pack