| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2012 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 Shiloh Dr, Laredo TX — Compact Multifamily in a Stable Inner Suburb
Built in 2012 and situated in a neighborhood with around mid-90s occupancy, this 20-unit asset offers newer-vintage positioning versus older local stock, according to CRE market data from WDSuite. The unit mix skews compact, which can support rentability in a high-income submarket while maintaining price points below larger floorplans.
Competitive among Laredo neighborhoods (ranked 22 of 63), the immediate area around 501 Shiloh Dr shows stable renter demand, with neighborhood occupancy at 94.8% — a level that supports leasing consistency at the neighborhood level rather than at the property level, based on CRE market data from WDSuite.
Local amenities are mixed: restaurant density is strong (91st percentile nationally) and grocery access is comparatively solid (79th percentile), while parks, pharmacies, childcare, and cafes are limited in the immediate neighborhood. For investors, this combination points to daily-needs convenience and dining depth, though lifestyle amenities may be more destination-driven.
Vintage considerations favor the property: the neighborhood’s average construction year is 2000, making a 2012 build relatively newer. That positioning typically reduces near-term capital expenditure risk versus older comparables and can improve leasing competitiveness, though systems modernization and selective upgrades may still be valuable over the hold period.
Tenure dynamics vary by geography. Within the neighborhood, the renter-occupied share is modest, which can temper the depth of immediate demand. However, demographic statistics aggregated within a 3-mile radius indicate a larger tenant base, with households increasing and average household size trending lower — factors that generally expand the pool of prospective renters and support occupancy stability over time.
Income and affordability signals are constructive for retention. Neighborhood median household income ranks near the top locally, and the rent-to-income ratio sits at a comparatively favorable level, suggesting lower affordability pressure and headroom for disciplined revenue management. At the same time, home values relative to incomes are accessible in this part of Laredo, which can create some competitive tension with ownership; smaller, efficiency-oriented units can help maintain a price advantage and sustain renter reliance on multifamily housing.
Safety benchmarking for this specific neighborhood is not available in WDSuite’s current dataset. Investors typically compare submarket-level crime trends to metro and national patterns and underwrite using comparable assets, property-level security measures, and local leasing feedback rather than block-level assumptions.
Proximity to area employers supports commuter convenience and can aid retention for workforce renters. Notable nearby presence includes automotive components manufacturing.
- BorgWarner — automotive components (1.9 miles)
This 2012-vintage, 20-unit property benefits from neighborhood occupancy around the mid-90s and a comparatively high-income renter catchment, according to CRE market data from WDSuite. Newer construction relative to the neighborhood average (2000) supports competitive positioning versus older stock, while compact units help maintain attainable pricing for convenience-oriented renters.
Within a 3-mile radius, rising household counts alongside smaller average household sizes point to a larger tenant base over time, which can support leasing velocity and renewal stability. Accessible ownership costs in Laredo introduce competition from for-sale options, but efficiency layouts and daily-needs proximity help preserve a rental value proposition.
- Newer 2012 construction versus neighborhood average, reducing near-term capex risk and aiding competitiveness.
- Neighborhood occupancy in the mid-90s supports steady leasing conditions at the neighborhood level.
- 3-mile radius shows growing household counts and smaller sizes, expanding the renter pool and supporting retention.
- Compact unit mix supports pricing power relative to larger floorplans while serving convenience-focused renters.
- Risk: accessible ownership in Laredo may compete with rentals; disciplined positioning and amenities are key to maintain demand.