Market Cap Rates in San Antonio?

[Gabriel Galarza]

Hi! I'm a recent in investor in Lubbock, researching the commercial property market in San Antonio. Anyone have market cap rates or even income/unit for B and C class apartment complexes (5-20 units)? 

Thanks! 

[Patricia Steiner]

Google it...there are several sources - like CBRE, CAP Rate Index, Apartment Store - that all track this information and more. And, maybe more important to you in your decision is this: "MF supply will likely outpace renter demand growth in San Antonio in 2023 and beyond." (End). Reasons cited are "weakening of employment fundamentals and continued apartment deliveries."  All those newly constructed apartment complexes have over-supplied the demand.  

Hope this helps...hope you'll plug into some of these resources to help you in vetting your investment strategy.