| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 52nd | Best |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11202 Riverbank Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2012 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11202 Riverbank Dr, Laredo TX Multifamily Investment
Neighborhood occupancy is consistently high and ranks in the top quartile among 63 Laredo metro neighborhoods, according to WDSuite s CRE market data, supporting stable leasing conditions for a 2012-vintage, 25-unit asset.
Located in a suburban pocket of Laredo, the property benefits from neighborhood fundamentals that skew toward stability rather than transience. Neighborhood occupancy ranks 7th of 63 in the metro (top quartile) and sits in the 90th percentile nationally, a favorable backdrop for maintaining rent rolls. Restaurant density is competitive for the area while parks, cafes, and childcare options are limited, suggesting convenience for daily needs but fewer lifestyle amenities than urban cores.
Schools in the neighborhood average 3.5 out of 5 and score around the 73rd percentile nationally, which can appeal to family renters and support longer tenures. Median household income is above the metro median by rank, and rent-to-income sits near the middle of national ranges, indicating manageable affordability that can aid retention rather than push frequent turnover. Home values are relatively accessible in context, which may create some competition with ownership, but also helps sustain steady renter demand given the area 27s pricing balance.
Tenure metrics show a moderate renter concentration at the neighborhood level (above the national median by percentile), implying a meaningful but not saturated multifamily renter base. For investors, this typically translates to steadier absorption patterns and fewer sharp swings in concessions, especially when paired with high neighborhood occupancy.
Within a 3-mile radius, recent data show smaller average household sizes and a modest increase in total households despite earlier population softness, with forecasts pointing to household growth ahead. That dynamic expands the local tenant base and supports occupancy stability and lease-up predictability. These directional trends are based on commercial real estate analysis from WDSuite and align with the neighborhood 27s B+ rating and above-median standing within the Laredo metro.
Comparable crime metrics for this specific neighborhood are not available in WDSuite 27s current release. Investors typically benchmark property-level security measures and historical incident trends against city and metro averages to gauge relative safety and potential operating impacts.
Practical diligence steps often include reviewing recent police reports, confirming lighting and access controls on-site, and comparing insurer loss histories to similar Laredo neighborhoods. This approach provides context without over-extrapolating from block-level anecdotes.
Nearby employment is anchored by manufacturing and automotive supplier operations that broaden the renter pool and support leasing stability for workforce-oriented units. The list below highlights the closest large employer presence referenced here.
- BorgWarner automotive components (3.0 miles)
Built in 2012, the property is materially newer than the neighborhood 27s average vintage, positioning it competitively versus older stock while limiting near-term capital exposure to primarily targeted modernization rather than full-system overhauls. High neighborhood occupancy (top quartile among 63 Laredo neighborhoods and strong nationally) supports cash flow durability, according to CRE market data from WDSuite. A moderate renter concentration and above-median income profile suggest a viable tenant base with balanced pricing power.
Investor considerations include limited nearby parks/cafes and an ownership-leaning area that can temper ultra-rapid lease-ups, though steady household formation within a 3-mile radius and improving income distribution point to a broader renter pool over the next few years. Average unit sizes around the mid-800s square feet fit well for 1–2 bedroom formats, supporting diversified demand from singles, couples, and small families.
- 2012 vintage is competitive versus older neighborhood stock, with manageable near-term capex needs
- High neighborhood occupancy and above-median incomes underpin leasing stability and retention
- Household growth within 3 miles expands the tenant base, supporting steady absorption
- Average unit size (~875 SF) aligns with 1–2 bedroom demand profiles
- Risk: limited parks/cafes and an ownership-leaning area may slow lease-up velocity and require disciplined pricing