Equipped Laundromat Retail
New
For Sale
$354,900
1706 W Griffin Parkway, Mission, TX 78572
Washers and dryers are in place at this operating laundry business.
Property Size1,170 SF
Price / SF$303.33
Days on Market2
Property Features for 1706 W Griffin Parkway
General Information
Standard status
Active
Size
1,170 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$3,309
Amenities
Storage
Workshop
Building Details
Building Size
1,170 SF
Year Built
2010
Stories
1
Listing Agency:
The Firm Real Estate Co. LLC
Listed By:
Patricia Baez
(956) 588-6969
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:59PM
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 The Firm Real Estate Co. LLC
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 1,170-square-foot retail property in Mission is configured as an operating laundromat, with washers and dryers installed. The building was constructed in 2010.
The property is located at 1706 W Griffin Parkway in Mission, Texas.
The property is located at 1706 W Griffin Parkway in Mission, Texas.
Key Highlights
- Operating laundromat with washers and dryers in place
- 1,170 square feet of retail space
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,798
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,960
$316.0K
Cap Rate 7%
$225,686
$225.7K
Cap Rate 9%
$175,533
$175.5K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$24.0K $20.52/SF
− Vacancy
−$1.4K −$1.23/SF
EGI
$22.6K $19.29/SF
− OpEx
−$6.8K −$5.79/SF
NOI
$15.8K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,960
Cap Rate 7%
$225,686
Cap Rate 9%
$175,533
Alternative Uses
Best Use
Retail
$225.7K
$197.5K – $263.3K
NOI $15,798 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$881.3K
$771.1K – $1.03M
NOI $61,688 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Washers and dryers are in place at this operating laundry business.
Where is this retail space located?
The property is located at 1706 W Griffin Parkway Mission, TX.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Operating laundromat with washers and dryers in place; 1,170 square feet of retail space; Built in 2010
