| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 112 Dixon Dr, Devine, TX, 78016, US |
| Region / Metro | Devine |
| Year of Construction | 1992 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
112 Dixon Dr, Devine TX Multifamily Investment
Neighborhood occupancy is above the metro median and renter demand is supported by steady household growth in the 3-mile radius, according to WDSuite’s CRE market data. Pricing power appears measured given a high-cost-to-income landscape is not present here, favoring lease stability over aggressive rent lifts.
Devine sits within the San Antonio–New Braunfels region, and the immediate neighborhood is rated B- (ranked 296 of 595), placing it above the metro median. Occupancy in the neighborhood is 93.4%, which is also above the metro median, suggesting a baseline of leasing stability for multifamily assets relative to nearby submarkets, based on CRE market data from WDSuite.
Amenity access is competitive among San Antonio–New Braunfels neighborhoods (ranked 56 of 595) with grocery, parks, and pharmacy availability landing near or modestly above national midpoints. Dining and cafes are present at lighter rural densities, but sufficient for day-to-day convenience. School ratings data in this area show limited strength, which investors should consider when assessing family-oriented demand and tenant mix.
Tenure patterns indicate a modest share of renter-occupied housing units locally, implying a smaller—but still active—tenant base. This typically supports steadier retention but can limit rapid lease-up if a large block of units turns over at once. Home values are relatively accessible compared with large Texas metros, which can introduce some competition from ownership; however, the neighborhood’s rent-to-income profile (around the mid-range nationally) points to manageable affordability pressure and supports ongoing occupancy.
Within a 3-mile radius, demographics show recent population and household growth, with further household gains projected by 2028. Average household size is edging lower in forward projections, which can broaden demand for smaller formats and workforce-oriented rentals. Together with above-median neighborhood occupancy, these trends indicate a stable tenant pipeline rather than outsized rent growth expectations.
Comparable, neighborhood-level crime metrics are not available in this dataset for Devine. Investors should contextualize safety using multi-year city and county sources and evaluate property-level measures (lighting, access control, and visibility) to support retention and leasing. Where reliable comparisons exist, focus on trends versus the broader San Antonio–New Braunfels region rather than block-level snapshots.
Regional job centers within commuting range include financial services and energy headquarters, which can underpin renter demand and retention for workforce housing tied to San Antonio employment. The list below highlights nearby anchors relevant to commuting patterns from Devine.
- Usaa — financial services HQ (32.8 miles) — HQ
- Usaa Ops Building — financial services operations (32.9 miles)
- USAA Federal Savings Bank — banking (33.0 miles)
- Iheartmedia — media HQ (34.3 miles) — HQ
- Valero Energy — energy HQ (34.8 miles) — HQ
112 Dixon Dr is a 33-unit, 1992-vintage asset in a neighborhood that trends above the metro median for occupancy, indicating resilient leasing fundamentals relative to many San Antonio–New Braunfels peers. Built later than the area’s average vintage, the property should compare favorably to older stock; selective modernization and systems updates could unlock value-add potential without full repositioning. According to commercial real estate analysis from WDSuite, the local rent-to-income profile suggests measured affordability pressure—supporting retention—while a modest renter concentration points to a steady, if not deep, tenant base.
Within a 3-mile radius, both population and households have expanded in recent years, with projections calling for additional household growth and slightly smaller average household sizes by 2028—factors that can widen the renter pool for smaller formats. Counterbalancing this, relatively accessible ownership costs may limit outsized rent growth and require disciplined lease management and amenity upgrades to sustain occupancy premiums.
- Above-median neighborhood occupancy supports baseline leasing stability versus metro peers.
- 1992 vintage offers competitive positioning versus older local stock with targeted value-add upside.
- 3-mile radius shows population and household growth, expanding the renter pool for smaller units.
- Regional employment hubs (finance and energy) within commuting range underpin workforce demand.
- Risk: accessible ownership options and modest renter concentration may temper rent growth and require proactive leasing strategy.