| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Meadowview Ln, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 1983 |
| Units | 48 |
| Transaction Date | 2025-07-17 |
| Transaction Price | $33,782,000 |
| Buyer | KAM CHIMNEY FOREST LLC |
| Seller | CHIMNEY FOREST INC |
600 Meadowview Ln, Kerrville TX Multifamily Investment
Neighborhood occupancy trends point to steady renter demand and leasing durability, according to WDSuite’s CRE market data, with a renter-occupied housing share indicating a deep tenant base in this inner-suburb pocket of Kerrville.
This Inner Suburb neighborhood carries a B rating and ranks 11th among 24 Kerrville neighborhoods, suggesting balanced fundamentals and competitive positioning within the metro. Neighborhood occupancy is reported in the mid-90s, supporting income stability for operators when compared with broader small-metro norms, based on CRE market data from WDSuite.
Daily needs are well served: grocery access ranks 1st of 24 locally (above the national average at the 85th percentile), restaurants also rank 1st (81st percentile nationally), and parks and childcare place 2nd of 24 (mid‑70s percentiles). Cafe and pharmacy density are limited (both ranked 24th), a common trade‑off in smaller markets. Taken together, the amenity mix supports resident convenience while signaling that retail options are concentrated rather than ubiquitous.
Tenure patterns point to multifamily depth: the neighborhood’s share of renter‑occupied housing units sits at 54% and ranks 1st in the metro (91st percentile nationally), indicating a sizable tenant pool that can support occupancy and leasing continuity. Within a 3‑mile radius, population and household counts have grown and are projected to expand further through 2028, implying a larger tenant base and sustained demand for rental units.
The property’s 1983 vintage is slightly older than the neighborhood’s average construction year (1985), which may warrant targeted capital improvements or value‑add updates to remain competitive against newer stock. Home values in this area are lower than national norms, which can introduce some competition from ownership; however, rent levels and rent‑to‑income dynamics suggest pricing should be managed thoughtfully to support retention and reduce turnover risk.
Safety indicators are mixed in context. Within the Kerrville metro, the neighborhood’s crime rank is 7th of 24, placing it among areas that experience comparatively higher incident rates locally. Yet nationally it sits around the 59th percentile for safety, indicating stronger performance than many neighborhoods across the country.
Trend signals are constructive: estimated violent offense rates declined about a quarter year over year, and property offense rates fell by roughly a third, with both improvements ranking in the low‑to‑mid 70s percentiles nationally. For investors, this combination of above‑average national standing and improving momentum can support renter confidence and retention, while local monitoring remains prudent.
Regional employment access is anchored by energy and corporate office roles that are commutable from Kerrville, supporting workforce housing demand and lease retention for residents who prioritize drive‑to‑work convenience.
- Valero Energy — energy headquarters (43.2 miles) — HQ
600 Meadowview Ln offers scale at 48 units in a neighborhood with competitive occupancy and a high share of renter‑occupied housing, supporting a stable tenant base. The 1983 vintage points to potential value‑add through targeted renovations and systems updates to sharpen positioning against slightly newer local stock. According to commercial real estate analysis from WDSuite, amenity access is strong for groceries, restaurants, parks, and childcare relative to the metro, while demographic growth within a 3‑mile radius suggests a gradually expanding renter pool.
Investors should balance these positives against a small‑market profile, locally higher relative crime ranking, and ownership alternatives that may be more accessible than in high‑cost metros. Thoughtful lease management and capital planning can mitigate retention risks while capturing durable cash flow in a service‑oriented Hill Country setting.
- Competitive neighborhood occupancy and deep renter‑occupied housing share support leasing stability
- 1983 vintage enables value‑add potential through unit and system upgrades
- Strong grocery/restaurant/park access for the metro underpins livability and renter appeal
- 3‑mile radius population and household growth expands the future tenant base
- Risks: small‑market scale, locally higher relative crime rank, and competition from ownership options