Medical Office Space with Reception
For Sale
$600,000
1022 E Griffin Parkway, Mission, TX 78572
COMMERCIAL - Mission, TX
Property Size2,400 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market18
Property Features for 1022 E Griffin Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
32
Security features
Security Lighting
Appliances
Electric Water Heater
Subdivision
Advanced Medical Arts Center Condos
Lot features
Medical Complex
Directions
FROM BUSINESS 83 , NORTH ON BRYAN , WEST ON GRIFFIN PARKWAY .
Standard status
Active
APN
A113000000104B00
Size
2,400 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9036
HOA Fee
$4,000 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
lobby with reception area
gym area
laundry area
conference room
private office
lunch room
Building Details
Year built
2003
Floors in Building
1
Building materials
Block
Roof type
Flat
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ronaldo Lacayo
(956) 578-5733
Added: Jul 18
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 506960
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Medical office space designed for patient-facing use, built in 2003 with block construction and a flat roof. The interior includes a good size lobby with a reception area, four work stations or examination rooms, a large open floor plan area, a conference room, a private office, and a lunch room. Additional spaces include a gym area and a laundry area, along with one full bathroom and one half bathroom. HVAC includes central heating and central air, with electric heat and cooling, plus an electric water heater.
Located at 1022 E Griffin Parkway in Mission, Texas (Hidalgo County), the property sits on a 0.1719-acre lot and is served by enough on-site parking for day-to-day operations.
With electric HVAC systems, an established interior room mix, and a compact footprint totaling 2,400 square feet, the building supports a range of medical or related professional office configurations.
Located at 1022 E Griffin Parkway in Mission, Texas (Hidalgo County), the property sits on a 0.1719-acre lot and is served by enough on-site parking for day-to-day operations.
With electric HVAC systems, an established interior room mix, and a compact footprint totaling 2,400 square feet, the building supports a range of medical or related professional office configurations.
Key Highlights
- 2,400 SF medical office space with lobby, reception area, and open floor plan
- 0.1719‑acre lot at 1022 E Griffin Parkway in Mission, TX
- Built in 2003 with block construction and a flat roof
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $30.72 |
| − Vacancy | −$20.2k | −$8.42 |
| EGI | $53.5k | $22.30 |
| − OpEx | −$13.4k | −$5.58 |
| NOI | $40.1k | $16.73 |
2,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$507.3K
$443.9K – $591.9K
NOI $35,511 @ 7.0% cap · market cap 5.92%
Theoretical Best
Hotel Hospitality
$1.81M
$1.58M – $2.11M
NOI $126,540 @ 7.0% cap · market cap 21.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with reception area, examination rooms, and central heating and cooling on a small Mission lot.
Where is this medical office space located?
The property is located at 1022 E Griffin Parkway Mission, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,400 SF medical office space with lobby, reception area, and open floor plan; 0.1719‑acre lot at 1022 E Griffin Parkway in Mission, TX; Built in 2003 with block construction and a flat roof
