First-Floor Office
New
For Sale
Contact for pricing
1112 E Griffin Parkway, Mission, TX 78572
The office development offers access from both Bryan Road and Griffin Parkway.
Property Size10,584 SF
Price / SF$0.26
Days on Market2
Property Features for 1112 E Griffin Parkway
General Information
Standard status
Active
Size
10,584 SF
Property subtype
Commercial
Space & Availability
Floor
1st Floor
Condition
Turnkey
Additional Details
Road Access
Yes
Property Use
Office
Amenities
sculpted gardens
courtyard
Building Details
Year Built
2004
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:32PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Suite 1112 D is a first-floor office unit in a development built in 2004. The property includes a courtyard and landscaped garden areas, adding outdoor space to the professional setting.
Access is available from Bryan Road and Griffin Parkway. The property is located at 1112 E Griffin Parkway in Mission, Texas.
Access is available from Bryan Road and Griffin Parkway. The property is located at 1112 E Griffin Parkway in Mission, Texas.
Key Highlights
- First‑floor office unit identified as Suite 1112 D
- Access from Bryan Road and Griffin Parkway
- Courtyard and landscaped garden areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,540,780
$3.5M
Cap Rate 7%
$2,529,129
$2.5M
Cap Rate 9%
$1,967,100
$2.0M
Market Conditions
NOI Build-Up for 10,584 SF
Gross rent
$325.1K $30.72/SF
− Vacancy
−$89.1K −$8.42/SF
EGI
$236.1K $22.30/SF
− OpEx
−$59.0K −$5.58/SF
NOI
$177.0K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,540,780
Cap Rate 7%
$2,529,129
Cap Rate 9%
$1,967,100
Alternative Uses
Best Use
Office B
$2.53M
$2.21M – $2.95M
NOI $177,039 @ 7.0% cap · market cap 6,437.78%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.97M
$6.98M – $9.30M
NOI $558,041 @ 7.0% cap · market cap 20,292.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The office development offers access from both Bryan Road and Griffin Parkway.
Where is this office unit located?
The property is located at 1112 E Griffin Parkway Mission, TX.
What are key features of this property?
This property features: First‑floor office unit identified as Suite 1112 D; Access from Bryan Road and Griffin Parkway; Courtyard and landscaped garden areas
