| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 50th | Best |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 410 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2002 |
| Units | 32 |
| Transaction Date | 2020-05-22 |
| Transaction Price | $118,800 |
| Buyer | SQUARE FOOT INVESTMENTS LLC |
| Seller | PINEDA JORGE A |
410 Shiloh Dr, Laredo TX Multifamily Investment
Neighborhood occupancy runs at 96.7%, supporting stable leasing and retention, according to WDSuite’s CRE market data. A balanced renter base and steady local services point to durable demand drivers rather than short-term momentum.
Situated in an Inner Suburb of Laredo, the property benefits from a neighborhood rated A- and ranked 13 out of 63 metro neighborhoods, placing it in the top quartile locally. That positioning, combined with a 96.7% neighborhood occupancy rate, signals durable fundamentals for income stability based on CRE market data from WDSuite.
Renter-occupied share stands at 42.9% of housing units at the neighborhood level, indicating a meaningful tenant base without over-reliance on rentals. Median contract rent is competitive for the area and paired with a rent-to-income ratio around 0.21, which supports lease retention and measured pricing power from an investor perspective.
Local amenity access is mixed: restaurants are comparatively dense (stronger than many neighborhoods nationally), and pharmacy availability ranks high in the metro, while walkable cafes, grocery, and park access are thinner. For investors, this suggests demand supported by daily-needs services, but limited convenience retail within immediate walking distance—conditions that favor car-oriented renters common in suburban Texas.
The asset’s 2002 vintage is slightly newer than the neighborhood’s average construction year (1999). That relative position can enhance competitiveness versus older stock, while investors should still underwrite selective modernization and systems upkeep typical of early-2000s construction.
Within a 3-mile radius, demographics show population growth since 2018 and a larger number of households, with forecasts pointing to continued household formation alongside smaller average household sizes. This combination expands the prospective renter pool and supports occupancy stability, even as ownership remains viable in the market. Median home values in the neighborhood are elevated for Laredo, which can sustain steady multifamily demand by keeping many households engaged in rental housing rather than shifting to ownership immediately.
Comparable neighborhood safety metrics are not available in this dataset. Investors typically benchmark neighborhood trends versus the Laredo metro and national cohorts to gauge leasing risk and retention outlooks. In the absence of specific ranks or percentiles here, standard diligence—reviewing recent trend data, property-level incident reports, and insurer feedback—remains prudent.
Nearby employment includes manufacturing and auto-supply operations that support commuter demand and leasing resilience, notably BorgWarner within a short drive.
- BorgWarner — automotive components (1.95 miles)
This 2002-vintage, suburban Laredo multifamily asset aligns with a neighborhood showing top-quartile metro positioning and a 96.7% neighborhood occupancy rate. The renter-occupied share (42.9%) indicates a substantial tenant base, while a rent-to-income ratio near 0.21 supports retention and measured rent growth. According to CRE market data from WDSuite, amenity access skews toward restaurants and pharmacies, with fewer walkable cafes, parks, and grocery options—conditions that tend to suit drive-to convenience renters.
Forward-looking demand is reinforced by 3-mile radius trends: population and household counts have expanded since 2018, and forecasts call for continued increases with smaller household sizes—patterns that generally add depth to the renter pool. The 2002 vintage is modestly newer than the neighborhood average, offering relative competitiveness versus older stock while still warranting targeted upgrades as part of long-term capital planning.
- Top-quartile neighborhood positioning in Laredo and high neighborhood occupancy support income stability.
- Meaningful renter concentration with manageable affordability pressure (rent-to-income near 0.21) aids retention.
- 3-mile population and household growth, with smaller household sizes, expands the prospective renter pool.
- 2002 vintage offers competitive positioning versus older stock, with selective modernization potential.
- Risk: limited walkable amenities and potential shifts toward ownership could temper future renter share—plan marketing and rent strategies accordingly.