| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 511 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2006-02-01 |
| Transaction Price | $975,000 |
| Buyer | MESQUITE AT SHILOH PLACE LLC |
| Seller | ALSA CONSTRUCTION INC |
511 Shiloh Dr Laredo Multifamily Investment Opportunity
Neighborhood occupancy trends sit above national norms, supporting renter demand and lease stability in this inner-suburban pocket of Laredo, according to WDSuite’s CRE market data.
This inner-suburban location balances daily needs with accessibility. Restaurant density ranks 7th among 63 Laredo neighborhoods and sits in a high national percentile, signaling strong nearby dining options that can aid resident retention. Grocery access is also comparatively favorable for the metro, while other amenity categories are thinner, so on-site conveniences and targeted upgrades may differentiate the asset.
Neighborhood-level occupancy is competitive among Laredo submarkets (ranked 22 of 63) and in the top portion nationally, indicating steady renter demand rather than late-cycle softness. Median rents in the area are near the national mid-range, which can help maintain leasing velocity without over-reliance on concessions.
Within a 3-mile radius, households have expanded in recent years and are projected to keep rising, pointing to a larger tenant base over time. The renter-occupied share within this radius is roughly one-third of housing units, implying a meaningful, diversified pool of prospective renters that supports occupancy stability through varied economic cycles.
Household incomes in the immediate neighborhood rank 5th of 63 locally and above national norms, while the rent-to-income relationship is relatively modest. For investors, this combination reduces affordability pressure and could support pricing power and renewals, especially if management prioritizes service quality and measured renovation scope.
Home values are lower than many coastal markets and the value-to-income ratio is comparatively modest. That context can introduce some competition from ownership options, but it also underscores the role of professionally managed rentals for residents seeking flexibility—putting a premium on property operations, amenities, and convenience to sustain demand.
Comparable neighborhood safety metrics are not available in this dataset for precise benchmarking. Investors typically validate block-level conditions using local law enforcement resources and third-party datasets, and then align security measures and lighting with observed patterns to support resident satisfaction and retention.
- BorgWarner — automotive supplier (1.9 miles)
Nearby corporate employment supports commute convenience for residents, led by manufacturing and automotive suppliers in close proximity.
The property benefits from a neighborhood with above-median occupancy and solid household income fundamentals, supporting consistent renter demand and renewals. Restaurant and grocery access are strengths relative to the metro, while a measured amenity strategy can offset thinner offerings in other categories. Based on commercial real estate analysis from WDSuite, rent levels sit near national mid-range, and local rent-to-income dynamics imply manageable affordability pressure that can support steady operations.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, indicating a gradually widening tenant base. While the ownership market is comparatively accessible—which can create some competition—professional management, convenience, and targeted refreshes can sustain leasing velocity and retention as the area matures.
- Competitive neighborhood occupancy and income fundamentals support stable leasing
- Strong restaurant and workable grocery access bolster livability and retention
- Expanding 3-mile household base points to a larger tenant pool over time
- Balanced rent positioning with modest rent-to-income pressure aids renewals
- Risk: relatively accessible ownership options may compete for residents—execution and amenities remain key