Office Unit with
New
For Sale
Contact for pricing
1601 E Griffin Parkway, Mission, TX 78572
The suite has three offices, a kitchen area, and storage for day-to-day operations.
Property Size1,450 SF
Price / SF$1.69
Days on Market2
Property Features for 1601 E Griffin Parkway
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1998
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit in Shary Gardens Plaza measures 1,450 square feet and was built in 1998. Its layout includes a lobby, three offices, a kitchen area, and storage. The listing identifies the space as suitable for medical, professional, or administrative use.
The property is at 1601 E Griffin Parkway in Mission, within a plaza that provides 110 parking spaces.
The property is at 1601 E Griffin Parkway in Mission, within a plaza that provides 110 parking spaces.
Key Highlights
- 1,450‑square‑foot office unit
- Three offices, a lobby, kitchen area, and storage
- Shary Gardens Plaza provides 110 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,455
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,100
$429.1K
Cap Rate 7%
$306,500
$306.5K
Cap Rate 9%
$238,389
$238.4K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$43.0K $29.64/SF
− Vacancy
−$7.2K −$4.98/SF
EGI
$35.8K $24.66/SF
− OpEx
−$14.3K −$9.86/SF
NOI
$21.5K $14.80/SF
Area
Hidalgo County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,100
Cap Rate 7%
$306,500
Cap Rate 9%
$238,389
Alternative Uses
Best Use
Office B
$346.5K
$303.2K – $404.2K
NOI $24,254 @ 7.0% cap · market cap 989.96%
Second Best
Healthcare Medical
$306.5K
$268.2K – $357.6K
NOI $21,455 @ 7.0% cap · market cap 875.71%
Theoretical Best
Hotel Hospitality
$1.09M
$955.6K – $1.27M
NOI $76,451 @ 7.0% cap · market cap 3,120.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite has three offices, a kitchen area, and storage for day-to-day operations.
Where is this office unit located?
The property is located at 1601 E Griffin Parkway Mission, TX.
What are key features of this property?
This property features: 1,450‑square‑foot office unit; Three offices, a lobby, kitchen area, and storage; Shary Gardens Plaza provides 110 parking spaces
