Medical Office Building with
1022 E Griffin Parkway Mission, TX 78572
For Sale
$600,000
COMMERCIAL - Mission, TX
Property Size2,400 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market9
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
- 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
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
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
Last Checked: Jul 26 at 3:06AM
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.
This medical office building is offered for sale and features a reception-oriented lobby, a large open floor plan, and four work stations or examination rooms. The interior also includes a conference room, a private office, and a lunch room, along with a gym area, laundry area, and 1 full and 1 half bathroom.
Located in Mission, Texas on E Griffin Parkway, the property is positioned for convenient access and includes enough parking space for visitors and staff.
With its clean condition and a straightforward mix of open and private spaces, the layout is designed to support day-to-day operations in a medical or related office setting.
Located in Mission, Texas on E Griffin Parkway, the property is positioned for convenient access and includes enough parking space for visitors and staff.
With its clean condition and a straightforward mix of open and private spaces, the layout is designed to support day-to-day operations in a medical or related office setting.
Key Highlights
- Medical office building built in 2003 with flat roof and block construction
- Central heating and central air conditioning plus electric heating and electric cooling
- Includes a lobby with reception area and 4 work stations or examination rooms
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DHR Health Orthopedic ...
Medical Clinic
DHR Health Orthopedic ...
Physician
Marina, Jose M ...
Physician
Precision Orthopedics
Physician
Kid's First Pediatrics
Pediatrician
FAQs
What type of property is this?
Medical Office Space - Medical office building with a lobby, multiple work stations/exam rooms, and several interior offices, plus ample parking.
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: Medical office building built in 2003 with flat roof and block construction; Central heating and central air conditioning plus electric heating and electric cooling; Includes a lobby with reception area and 4 work stations or examination rooms
