| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1441 Bandera Hwy, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 2012 |
| Units | 53 |
| Transaction Date | 2014-11-14 |
| Transaction Price | $10,350,000 |
| Buyer | --- |
| Seller | --- |
1441 Bandera Hwy Kerrville Multifamily Investment
Neighborhood occupancy is competitive and renter concentration is deep enough to support stable leasing, according to WDSuite’s CRE market data. The 2012 vintage provides a relatively modern basis for operations with potential to outperform older local stock.
This Inner Suburb location in Kerrville balances everyday convenience with steady renter demand drivers. Neighborhood occupancy is 94.5% (competitive among Kerrville neighborhoods, rank 8 of 24) and sits above national norms (68th percentile), signaling a supportive backdrop for maintaining leased units and managing turnover based on CRE market data from WDSuite.
Retail and services are practical rather than destination-oriented. Grocery access ranks 1st out of 24 neighborhoods in the metro and restaurants rank 1st as well, while parks and childcare access are also strong (each rank 2 of 24). By contrast, cafes and pharmacies score at the bottom of the metro rankings (each 24 of 24), which suggests amenity trips may concentrate around grocers and dining corridors rather than a broad mix of third spaces.
The building’s 2012 construction is newer than the area’s average vintage (1985), which can enhance competitive positioning versus older inventory. Investors should still plan for routine system updates as the asset seasons, but the relative recency reduces near-term heavy capital exposure and can support rentability against legacy product.
Tenure patterns point to a meaningful renter base: within the neighborhood, an estimated 54% of housing units are renter-occupied (rank 1 of 24). This renter concentration supports a deeper tenant pool and can aid occupancy stability. Within a 3-mile radius, household counts have risen in recent years with further growth projected, expanding the local renter pool and reinforcing leasing prospects.
Price points and incomes indicate an accessible ownership market locally (median home values are modest for the region), which can create some competition with entry-level ownership. However, rent levels relative to income and strong neighborhood occupancy suggest manageable affordability pressure and room for disciplined revenue management rather than aggressive pricing assumptions.
Safety metrics are mixed but trending favorably. The neighborhood’s crime rank is 7 out of 24 within the Kerrville metro, indicating more reported incidents than many local peers, yet it places in the 59th percentile nationally, which is comparatively safer than the average neighborhood nationwide. According to WDSuite’s data, estimated violent and property offense rates both declined year over year (approximately -25% and -30%, respectively), a constructive signal for operational stability.
Investors should underwrite to submarket norms rather than block-level assumptions and consider standard security practices. Continued monitoring of trend direction and property-level measures can help sustain resident retention and protect asset performance.
Regional employment access supports workforce housing dynamics. Notable nearby employer exposure includes Valero Energy, which contributes to commuting options that can aid resident retention.
- Valero Energy — energy HQ (44.0 miles) — HQ
Built in 2012 with 53 units, the property benefits from a newer vintage relative to the neighborhood’s older stock, offering competitive positioning and moderated near-term capital needs. Neighborhood occupancy is strong and renter concentration is high, supporting a stable tenant base and steady leasing. Within a 3-mile radius, both population and household counts have risen with additional growth projected, expanding the renter pool and supporting occupancy stability.
Operationally, grocery and restaurant access rank at the top of the metro, while limited cafe and pharmacy presence suggests residents rely on core retail corridors. Ownership remains relatively accessible in the area, which can create competition for some renter segments; however, disciplined lease management and product differentiation should mitigate retention risk. According to CRE market data from WDSuite, occupancy trends and neighborhood-level income-to-rent dynamics indicate room for prudent revenue management rather than outsized assumptions.
- 2012 construction offers competitive positioning versus older neighborhood stock
- Competitive neighborhood occupancy and high renter concentration support leasing stability
- 3-mile population and household growth expand the local renter pool
- Strong grocery and dining access underpin everyday livability for residents
- Risk: accessible ownership and uneven amenities require disciplined pricing and retention strategy