Medical Office
104-b-1022 E Griffin Pkwy Mission, TX 78572
For Sale
$600,000
Medical office building with a reception lobby, exam/work stations, and both full and half bathrooms.
Property Size2,400 SF
Price / SF$250
Days on Market43
Property Features for 104-b-1022 E Griffin Pkwy
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency:
Keller Williams Realty RGV
(956) 578-5733
Listed By:
Ronaldo Lacayo
(956) 578-5733
Source:
Exprealty
Added: Jun 11
Changed: Jul 22
Last Checked: Jul 22 at 5:41PM
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 condition and includes a reception area within a sizable lobby. The interior layout features multiple work stations or examination rooms, a large open floor plan area, and a dedicated conference room, private office, and lunch room.
The property is located on busy Griffin Parkway in Mission, TX, with enough parking space for patients and staff.
Additional functional amenities include a gym area, a laundry area, and both a full bathroom and a half bathroom.
The property is located on busy Griffin Parkway in Mission, TX, with enough parking space for patients and staff.
Additional functional amenities include a gym area, a laundry area, and both a full bathroom and a half bathroom.
Key Highlights
- Medical building located on busy Griffin Parkway in the heart of Mission
- Reception lobby plus large open floor plan area
- 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
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Medical office building with a reception lobby, exam/work stations, and both full and half bathrooms.
Where is this medical office space located?
The property is located at 104-b-1022 E Griffin Pkwy 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 building located on busy Griffin Parkway in the heart of Mission; Reception lobby plus large open floor plan area; 4 work stations or examination rooms
