Retail Space with Commercial
1810 W Griffin Parkway # A, Mission, TX 78572
For Sale
Contact for pricing
Two distinct interior spaces include a bar setup, restrooms, storage, and paved parking.
Property Size3,200 SF
Price / SF$406.25
Days on Market59
Property Features for 1810 W Griffin Parkway # A
General Information
Standard status
Size
Property subtype
Amenities
commercial kitchen area
bar setup
restrooms
storage
ample paved parking
Building Details
Buildings
Listing Agency:
Texas Star Realty, LLC
Listed By:
Mari Trevino · License TX #801070158
(956) 566-6079
Source:
Crexi
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 12 at 8:11AM
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 Texas Star Realty, LLC
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Investment Insights
Based on property information with market context.
This retail property contains approximately 3,200 square feet divided into two separate spaces. Its existing features include a commercial kitchen area, bar setup, restrooms, and storage, along with paved parking.
Located on W Griffin Parkway in Mission, the property is near established businesses, residential areas, and major roadways.
Located on W Griffin Parkway in Mission, the property is near established businesses, residential areas, and major roadways.
Key Highlights
- Approximately 3,200 sq ft of retail space
- Two separate interior spaces
- Commercial kitchen area and bar setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,441
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
$928.8K
Cap Rate 7%
$663,443
$663.4K
Cap Rate 9%
$516,011
$516.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$65.7K $20.52/SF
− Vacancy
−$3.7K −$1.17/SF
EGI
$61.9K $19.35/SF
− OpEx
−$15.5K −$4.84/SF
NOI
$46.4K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
Cap Rate 7%
$663,443
Cap Rate 9%
$516,011
Alternative Uses
Best Use
Specialty Retail
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
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
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Mission, TX
Properties on Market for Retail space in Mission
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two distinct interior spaces include a bar setup, restrooms, storage, and paved parking.
Where is this retail space located?
The property is located at 1810 W Griffin Parkway # A Mission, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 3,200 sq ft of retail space; Two separate interior spaces; Commercial kitchen area and bar setup
