| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 504 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 1996 |
| Units | 93 |
| Transaction Date | 2021-08-12 |
| Transaction Price | $11,625,000 |
| Buyer | LA ENCANTADA PROPERTIES II LLC |
| Seller | LA ENCANTADA PROPERTIES LLC |
504 Shiloh Dr, Laredo TX Multifamily Opportunity
Neighborhood occupancy in the mid-90s suggests steadier cash flow potential relative to peers in Laredo, according to WDSuite’s CRE market data. This location offers a practical renter base with room for value-add positioning.
The property sits in an Inner Suburb of Laredo with a B+ neighborhood rating and an occupancy level around 94.8% at the neighborhood level, which is competitive among Laredo neighborhoods (ranked 22 of 63) and above many areas nationally. For investors, that backdrop points to steadier leasing and fewer downtime gaps when units turn.
Amenity access is mixed. Restaurant density is strong (top quartile nationally), supporting daily convenience and service jobs, while cafés, parks, and pharmacies are thinner locally. Grocery access is comparatively solid, aligning with the needs of residents who prioritize essentials. These dynamics support day-to-day livability, though amenity-light pockets can influence marketing and tenant retention strategies.
Household incomes in the neighborhood rank in a higher national percentile, indicating stronger local spending power than many U.S. areas. Median home values are comparatively accessible for owners, and the value-to-income ratio trends low versus national norms; for multifamily investors, that can translate into some competition from ownership options and calls for focused resident retention and product differentiation.
Within a 3-mile radius, the population grew by roughly 8.6% over the past five years, households increased about 17.1%, and household size edged lower. Looking ahead, WDSuite’s data indicates continued population growth and a notable projected increase in households, which together suggest a larger tenant base and support for occupancy stability. Renter-occupied homes account for about 31.8% of housing units in this 3-mile area, indicating a meaningful but not dominant renter concentration.
Comparable neighborhood-level safety metrics are not available in this dataset. Investors typically benchmark property security and neighborhood trends against city and metro patterns, review recent police reports, and assess on-site measures (lighting, access control, and visibility) to understand risk and potential operating costs. Where data is limited, underwriting often incorporates broader city indicators and insurance feedback to calibrate assumptions.
Proximity to nearby corporate operations supports commuter demand and lease retention, with access oriented toward industrial and automotive supply-chain roles such as BorgWarner.
- BorgWarner — automotive components (1.9 miles)
Built in 1996, the asset is slightly older than the neighborhood average vintage, creating a straightforward value-add path via targeted renovations and system upgrades. Neighborhood occupancy near the mid-90s and a B+ rating point to stable renter demand, while a growing 3-mile population and expanding household counts suggest a larger tenant base over time. According to commercial real estate analysis from WDSuite, restaurant density is strong and grocery access is competitive, though limited park and café presence means positioning should emphasize convenience and updated interiors.
Median home values and a low value-to-income ratio indicate that ownership is relatively accessible locally, introducing potential competition with rentals; disciplined pricing, property improvements, and resident services can help sustain retention. With rents around national medians and a moderate renter concentration within 3 miles, the focus is on capturing steady absorption and minimizing turnover through durable finishes and cost-aware amenities.
- Neighborhood occupancy in the mid-90s supports leasing stability and limits downtime between turns.
- 1996 vintage offers value-add potential through interior updates and targeted system replacements.
- 3-mile population and household growth expand the tenant base, supporting long-run absorption.
- Strong restaurant and solid grocery access aid daily convenience, offsetting thinner park and café options.
- Risk: relatively accessible homeownership can compete with rentals, requiring sharp positioning and retention strategy.