Medical Office
New
For Sale
Contact for pricing
2134 E Griffin Parkway, Mission, TX 78572
A reception area, three sink-equipped patient rooms, and dedicated office space support clinical and administrative functions.
Property Size2,970 SF
Price / SF$0.67
Days on Market2
Property Features for 2134 E Griffin Parkway
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:43PM
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.
This 2,970-square-foot medical office suite was built in 2003 and has recently received new paint and flooring. The layout includes a glass-enclosed reception area, three patient rooms with sinks, two private offices, and a small computer niche. A rear break room and separate storage area round out the interior configuration.
Located at 2134 E Griffin Parkway in Mission, Texas, the property is offered for sale.
Located at 2134 E Griffin Parkway in Mission, Texas, the property is offered for sale.
Key Highlights
- 2,970‑square‑foot medical office suite
- Three patient rooms, each with a sink
- Two office spaces and a computer niche
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,945
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,900
$878.9K
Cap Rate 7%
$627,786
$627.8K
Cap Rate 9%
$488,278
$488.3K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$88.0K $29.64/SF
− Vacancy
−$14.8K −$4.98/SF
EGI
$73.2K $24.66/SF
− OpEx
−$29.3K −$9.86/SF
NOI
$43.9K $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%
$878,900
Cap Rate 7%
$627,786
Cap Rate 9%
$488,278
Alternative Uses
Best Use
Office B
$709.7K
$621.0K – $828.0K
NOI $49,679 @ 7.0% cap · market cap 2,483.95%
Second Best
Healthcare Medical
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 2,197.25%
Theoretical Best
Hotel Hospitality
$2.24M
$1.96M – $2.61M
NOI $156,593 @ 7.0% cap · market cap 7,829.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, three sink-equipped patient rooms, and dedicated office space support clinical and administrative functions.
Where is this medical office space located?
The property is located at 2134 E Griffin Parkway Mission, TX.
What are key features of this property?
This property features: 2,970‑square‑foot medical office suite; Three patient rooms, each with a sink; Two office spaces and a computer niche
