| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 507 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
507 Shiloh Dr Laredo Multifamily Investment
Neighborhood occupancy is competitive among Laredo submarkets and above the national median, according to WDSuites CRE market data, pointing to steady renter demand for a 20-unit asset at this address.
The property sits in an Inner Suburb pocket of Laredo with a B+ neighborhood rating and occupancy that ranks 22 of 63 metro neighborhoods competitive among Laredo neighborhoods and above the national median (70th percentile), per WDSuite. For investors, that suggests support for stable leasing and manageable downtime.
Local convenience is adequate at the neighborhood level: restaurant density ranks in the top quartile among 63 Laredo neighborhoods (rank 7), while grocery access is above the metro median (rank 29 of 63). Broader amenity depth trails national norms (28th percentile), so marketing may lean more on commute convenience and value positioning than lifestyle clustering.
Within a 3-mile radius, population has expanded recently with further gains expected, and households increased meaningfully, indicating a larger tenant base over time. Median household incomes in the neighborhood rank in the upper tier locally (5 of 63; 78th percentile nationally), while the rent-to-income ratio is relatively low (upper national percentile), which can support retention and reduce turnover risk from affordability pressure.
Tenure patterns show a moderate renter-occupied share within 3 miles (about one-third of housing units), implying a defined but not unlimited renter pool. Median home values locally sit below many higher-cost markets, which can create some competition from ownership; however, this also positions compact rental units as accessible options for income-qualified households and supports lease-up at pragmatic price points.
Neighborhood-level crime metrics for this area are not available in WDSuites dataset for Laredo, so investors should benchmark safety using city and county resources and compare trends to peer neighborhoods. Use consistent criteria across comps to maintain a fair underwriting view.
Nearby employment includes corporate offices that support commute-friendly renter demand for workforce and professional households. The list below reflects the closest identified employer presence.
- BorgWarner corporate offices (1.9 miles)
507 Shiloh Dr offers a 20-unit multifamily footprint with compact average unit sizes that can appeal to value- and efficiency-oriented renters. The immediate neighborhood shows competitive occupancy compared with Laredo peers and sits above the national median, supporting leasing stability. Household growth within a 3-mile radius expands the tenant base, and higher local incomes alongside a low rent-to-income profile reinforce retention potential, based on CRE market data from WDSuite.
Positioning should acknowledge a moderate renter-occupied share locally and amenity depth that trails national norms, while leveraging strong restaurant and adequate grocery access. Given home values that are relatively accessible in context, underwriting should account for some competition from ownership, with compact units potentially maintaining an edge on monthly cost and flexibility.
- Competitive neighborhood occupancy versus Laredo peers and above the national median supports stable leasing
- 3-mile household growth and rising incomes indicate a broadening renter pool and demand resilience
- Compact average unit sizes can position well on monthly cost and absorption
- Proximity to restaurants (top quartile locally) and adequate grocery access aid day-to-day livability
- Risks: moderate renter concentration and amenity depth below national norms; potential competition from ownership options