| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 20th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Lc Martin Dr, Devine, TX, 78016, US |
| Region / Metro | Devine |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Lc Martin Dr Devine Multifamily Investment
Neighborhood data points to stable renter demand and tight occupancy in this rural pocket of the San Antonio–New Braunfels metro, according to WDSuite’s CRE market data. Investors may find consistent tenancy supported by a modest renter base and accessible ownership costs nearby.
Located in Devine, Texas, the property sits within a rural neighborhood where community services and retail are limited locally, while essential needs are present at a measured level. Grocery access tracks around the middle of national comparisons, and pharmacies index somewhat better than average, while cafes, parks, and childcare options are comparatively sparse — a typical profile for outlying submarkets.
Neighborhood occupancy is exceptionally tight — measured at the neighborhood level, not the property — positioning this area among the strongest nationally for keeping units filled based on CRE market data from WDSuite. Renter concentration is roughly one-third of housing units, indicating a modest but meaningful tenant base that can support leasing while still competing with owner-occupied alternatives.
Home values in the area are relatively low for the region, creating a more accessible ownership landscape. For multifamily investors, this can temper pricing power at the lower end of the rent spectrum but may still support retention where rentals provide convenience, flexibility, or quality differentials. Average school scores trail national benchmarks, which can influence family-driven demand and length of stay; lease strategies may need to emphasize value, maintenance responsiveness, and commute convenience.
The asset’s 1985 vintage is newer than the neighborhood’s older housing stock (average construction year late-1960s). That relative age positioning can be a competitive advantage against older comparables, while still warranting targeted capital planning for aging systems and selective interior or common-area upgrades to sustain occupancy and achieve durable rent levels.
Within a 3-mile radius, population grew recently and households increased, with forecasts indicating a smaller average household size ahead. For investors, a shift toward more, smaller households can expand the pool of potential renters and support occupancy stability even if overall population trends flatten.
Comparable neighborhood-level crime statistics are not available in the current WDSuite dataset for this location. Investors should benchmark city and metro trends, review recent incident reports, and assess on-site measures (lighting, access control, and visibility) to gauge resident experience and potential insurance or operational impacts.
Regional employment anchors in greater San Antonio offer a broad professional base and commuting options for tenants, including USAA, iHeartMedia, and Valero Energy. Proximity to these employers can help support leasing velocity and retention, particularly for workforce and office-based renters.
- Usaa — financial services (34.0 miles) — HQ
- Usaa Ops Building — financial services operations (34.2 miles)
- USAA Federal Savings Bank — banking (34.3 miles)
- Iheartmedia — media (35.5 miles) — HQ
- Valero Energy — energy (36.2 miles) — HQ
This 40-unit, 1985-vintage property aligns with a neighborhood profile that shows very tight occupancy and a modest renter share, supporting stable tenancy and steady leasing. Being newer than much of the area’s housing stock positions the asset well versus older comparables, while targeted modernization can unlock value-add upside.
Within a 3-mile radius, recent increases in households and a projected decline in average household size point to a larger tenant base over time, which can support occupancy stability even if population growth moderates. According to CRE market data from WDSuite, the local ownership market is comparatively accessible, which may cap near-term pricing power but can be balanced by durable demand from residents prioritizing convenience, flexibility, and quality.
- Tight neighborhood occupancy supports leasing consistency and retention
- 1985 vintage offers relative competitiveness with targeted value-add potential
- Household growth and smaller household sizes expand the renter pool within 3 miles
- Accessible ownership market may limit rent growth; active lease and asset management recommended