Corner Lot Retail
2218 Tangelo Avenue Mission, TX 78572
For Sale
$465,000
COMMERCIAL - Mission, TX
Property Size2,257 SF
Lot Size0.62 Acres
Price / SF$206.03
Days on Market324
Property Features for 2218 Tangelo Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Parking features
Garage, Off Street
Exterior features
Mature Trees
Appliances
Electric Water Heater
Standard status
Active
APN
M431000000000100
Size
2,257 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7042
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1992
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #0530155
(956) 821-9990
Added: Sep 9, 2025
Changed: Jun 9
Last Checked: Jul 29 at 3:06PM
MLS# 480503
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale at 2218 Tangelo Avenue in Mission, Texas, this corner lot retail site includes a brand-new roof and offers an existing building size of 2,257 square feet. Included with the sale is TAX ID M4310-00-000-0002-00.
The property provides frontage on E. Griffin Parkway (HWY 495), which can support strong day-to-day visibility for retail and related commercial uses.
With the roof already replaced, the site is positioned for continued development and tenant build-out, subject to applicable approvals.
The property provides frontage on E. Griffin Parkway (HWY 495), which can support strong day-to-day visibility for retail and related commercial uses.
With the roof already replaced, the site is positioned for continued development and tenant build-out, subject to applicable approvals.
Key Highlights
- Prime corner lot location with excellent frontage on E. Griffin Parkway (HWY 495) for maximum visibility.
- High‑traffic area in thriving Mission.
- Brand‑new roof already in place.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.3k | $20.52 |
| − Vacancy | −$2.8k | −$1.23 |
| EGI | $43.5k | $19.29 |
| − OpEx | −$13.1k | −$5.79 |
| NOI | $30.5k | $13.50 |
2,257 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$435.3K
$380.9K – $507.9K
NOI $30,474 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.70M
$1.49M – $1.98M
NOI $119,000 @ 7.0% cap · market cap 25.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Corner lot retail site with frontage on E. Griffin Parkway (HWY 495) and a brand-new roof.
Where is this retail space located?
The property is located at 2218 Tangelo Avenue Mission, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime corner lot location with excellent frontage on E. Griffin Parkway (HWY 495) for maximum visibility.; High‑traffic area in thriving Mission.; Brand‑new roof already in place.
