2218 Tangelo Avenue Mission, TX 78572
COMMERCIAL - Mission, TX
- Added:
- Sep 9, 2025
- Days on Market:
- 309
- Last Refresh:
- Jul 14 at 7:06 am
Property Features for 2218 Tangelo Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 6
- Parking features
- Garage, Off Street
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M431000000000100
- Size
- 2,257 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7042
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent Maggie Harris License #0530155 (956) 821-9990
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Sep 9, 2025
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.
The site’s distinguishing attribute is its corner placement and frontage along E. Griffin Parkway (HWY 495). Located in Mission, Texas (Hidalgo County), the property benefits from street-level access directly from the roadway frontage.
Designed to support a range of commercial uses, the property is being marketed as suitable for retail, dining, or office development. The seller also indicates that seller financing is available, which may be helpful for qualified buyers seeking an alternative to traditional financing. Buyers and brokers can review the existing improvements and roof replacement as part of their due diligence, and confirm site-specific requirements for the intended use with the appropriate local authorities.
Key Highlights
- Prime corner lot location with excellent frontage on E. Griffin Parkway (HWY 495) for maximum visibility.
- High‑traffic area in thriving Mission.
- Brand‑new roof already in place.
Local 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 | $69.3k | $30.72 |
| − Vacancy | −$19.0k | −$8.42 |
| EGI | $50.3k | $22.30 |
| − OpEx | −$12.6k | −$5.58 |
| NOI | $37.8k | $16.73 |
