| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 46th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 513 Shiloh Dr, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
513 Shiloh Dr Laredo Multifamily Investment
Neighborhood occupancy trends and solid household incomes point to steady renter demand near 513 Shiloh Dr, according to WDSuite’s CRE market data. The area’s mid-market rents and service access support a practical hold for investors focused on stability over speculation.
The property sits in an Inner Suburb of Laredo with a B+ neighborhood rating, offering a balance of everyday conveniences and workforce access. Neighborhood occupancy is competitive among Laredo neighborhoods (ranked 22 of 63) and tracks in a higher national percentile, supporting expectations for leasing stability rather than volatility, based on CRE market data from WDSuite.
Local amenity access is mixed: restaurants cluster nearby (high national percentile), and grocery access ranks stronger within the metro, while parks, pharmacies, childcare, and cafes are sparse. For investors, this points to reliable daily needs coverage but limited lifestyle amenities, which can influence tenant mix and marketing strategy more than rent ceilings.
Within a 3-mile radius, demographics indicate population growth over the last five years alongside notable increases in households and families, with average household size trending lower. This combination expands the tenant base and can support occupancy stability as more, smaller households enter the market. The renter-occupied share within this 3-mile radius is about one-third of housing units, indicating a meaningful, if not dominant, pool of prospective renters for multifamily assets.
Median neighborhood rent levels sit near the U.S. midpoint, while household incomes rank above many peers locally and nationally. This creates room for rent growth management while maintaining retention. Home values are moderate for the region, suggesting some competition from ownership; however, in a high-cost ownership market context nationally, these dynamics typically sustain renter reliance on multifamily where leasing flexibility and maintenance-free living remain priorities.
Detailed, comparable crime metrics for this specific neighborhood are not available in the dataset provided. Investors commonly benchmark neighborhood safety against metro and state sources and review recent trend data to gauge tenant retention and leasing risk. Consider pairing third-party public safety datasets with property-level measures (lighting, access control) to inform underwriting and capital planning.
Nearby employers contribute to a diversified workforce draw and practical commute times that can support renter retention and steady leasing for workforce-oriented units. The list below highlights key corporate presence proximate to the property.
- BorgWarner — automotive components corporate offices (1.9 miles)
This 21‑unit asset is positioned in a Laredo Inner Suburb where neighborhood occupancy ranks competitively within the metro and sits in a higher national percentile, pointing to resilience in tenant demand. Restaurant and grocery access are strengths, while limited parks and specialty amenities suggest a practical renter profile. Median rents are mid-market, and local incomes are comparatively strong, supporting measured rent growth and stable collections without over-reliance on upper-tier finishes, according to commercial real estate analysis from WDSuite.
Within a 3-mile radius, recent population growth and a faster increase in households indicate a larger tenant base, with smaller household sizes that can favor apartment demand. Moderate home values imply some competition from ownership, but the area’s income depth and service convenience help sustain multifamily relevance. Prudent underwriting should account for amenity-light positioning and calibrate renovations to durable demand rather than discretionary premiums.
- Competitive neighborhood occupancy supports leasing stability
- Strong household incomes relative to mid-market rents bolster collections
- 3-mile radius growth and smaller households expand the renter pool
- Service-oriented location with grocery and dining access aids retention
- Risk: amenity-light context and accessible ownership options can temper pricing power