| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 505 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2001 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
505 Shiloh Dr Laredo Multifamily Investment, 24 Units
Neighborhood occupancy sits in the mid-90s and has been above the metro median, supporting stable lease-up potential according to WDSuite’s CRE market data. Affordability metrics in the area suggest room for retention-focused strategies without overreliance on rapid rent growth.
This inner-suburb location in Laredo ranks as competitive among metro neighborhoods (B+ neighborhood rating) and shows occupancy strength relative to both the metro and many U.S. areas. Restaurants are dense for the market, with the neighborhood in a high national percentile, while everyday needs are supported by grocery options that also track above national averages, according to WDSuite’s commercial real estate analysis.
Amenity depth is mixed: restaurants and groceries are a plus, but cafes, parks, and pharmacies are limited within the immediate neighborhood. For investors, that combination typically favors value-oriented renter demand anchored by convenience retail and dining, with fewer discretionary lifestyle nodes nearby.
Tenure patterns show a lower share of renter-occupied housing units at the neighborhood level, indicating a shallower immediate renter base than highly renter-dominant submarkets. However, within a 3-mile radius, the larger area supports a meaningful renter pool and steady demand for smaller formats, which can help sustain occupancy for compact units.
Within 3 miles, population expanded in recent years and WDSuite data indicates households grew faster than population, implying smaller household sizes and a broader base of leasing prospects. Median incomes in the vicinity are comparatively strong nationally, while rent-to-income levels near the property remain moderate, a mix that can aid renewal rates and limit turnover volatility.
Comparable neighborhood safety metrics are not available in the current WDSuite data release for this location. Investors typically benchmark performance against broader Laredo trends and property-level operating history rather than block-level conclusions. Monitoring local reporting and owner records over time is prudent to understand any directional change.
Proximity to nearby corporate operations supports workforce housing demand and commute convenience for renters. The employers listed below represent accessible job nodes that can underpin leasing stability.
- BorgWarner — automotive components (1.9 miles)
The property’s 24-unit scale and compact average floor plans align with a renter pool that prioritizes convenience and value, with neighborhood occupancy in the mid-90s. According to CRE market data from WDSuite, the area ranks above the metro median for occupancy, while local rent-to-income dynamics are moderate, a combination that can support pricing discipline and renewal capture without stressing affordability.
Household growth within a 3-mile radius has outpaced population, pointing to smaller household sizes and a wider base of leasing prospects near the asset. Amenity access skews toward restaurants and groceries rather than lifestyle retail, which often supports stable, needs-based renter demand. Key risks include limited nearby lifestyle amenities and a smaller renter-occupied share at the immediate neighborhood level, suggesting marketing should tap the broader commuter shed and employer base.
- Above-metro-median neighborhood occupancy supports leasing stability
- Moderate rent-to-income levels favor renewal retention and pricing control
- 3-mile area shows household expansion, widening the tenant base
- Restaurant and grocery access bolster day-to-day convenience for renters
- Risks: limited nearby cafes/parks and a lower neighborhood renter-occupied share