Medical Office Building with
For Sale
Contact for pricing
1022 E Griffin Parkway # B ##104 B, Mission, TX 78572
Medical office space with reception, multiple exam or work rooms, and ample parking in Mission.
Property Size2,400 SF
Price / SF$270.83
Days on Market55
Property Features for 1022 E Griffin Parkway # B ##104 B
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Year Built
2003
Listing Agency:
Keller Williams Realty RGV
Listed By:
Ronaldo Lacayo
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 4 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This medical office building is presented in clean, move-in-ready condition and is designed around a practical patient-facing and staff workflow. The interior includes a sizable lobby with a reception area, four work stations or examination rooms, a large open floor plan area, and a conference room. Additional accommodations include a private office, a lunch room, a gym area, and a dedicated laundry area. The space also features one full bathroom and one half bathroom.
The property is located in Mission on E Griffin Parkway, positioned along a busy thoroughfare that supports convenient access for patients and staff. Parking is described as sufficient for the facility.
For medical or related office users, the layout provides a reception-first entry experience with dedicated areas that can support exam work, team meetings, and day-to-day operations. The combination of private and open work areas may also fit organizations that need flexibility for clinicians, intake, and administrative functions. This listing is offered for sale.
The property is located in Mission on E Griffin Parkway, positioned along a busy thoroughfare that supports convenient access for patients and staff. Parking is described as sufficient for the facility.
For medical or related office users, the layout provides a reception-first entry experience with dedicated areas that can support exam work, team meetings, and day-to-day operations. The combination of private and open work areas may also fit organizations that need flexibility for clinicians, intake, and administrative functions. This listing is offered for sale.
Key Highlights
- Medical building built in 2003
- Located on busy Griffin Parkway in the heart of Mission
- Includes a lobby with reception area plus large open floor plan space
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 6.18%
Second Best
Healthcare Medical
$507.3K
$443.9K – $591.9K
NOI $35,511 @ 7.0% cap · market cap 5.46%
Theoretical Best
Hotel Hospitality
$1.81M
$1.58M – $2.11M
NOI $126,540 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
301
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 space with reception, multiple exam or work rooms, and ample parking in Mission.
Where is this medical office space located?
The property is located at 1022 E Griffin Parkway # B ##104 B Mission, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Medical building built in 2003; Located on busy Griffin Parkway in the heart of Mission; Includes a lobby with reception area plus large open floor plan space
