Car Wash and Quick Lube
For Sale
$3,000,000
2614 E Griffin Parkway, Mission, TX 78572
Commercial Sale, Mission, TX
Property Size11,386 SF
Lot Size1.98 Acres
Price / SF$263.48
Days on Market70
Property Features for 2614 E Griffin Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
60
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Subdivision
Starr Quick Car Spa
Directions
Heading west on Griffin Parkway off Taylor Road property will be on your left.
Standard status
Active
APN
S592200000000100
Size
11,386 SF
Lot size
1.98 Acres
Taxes and HOA fees
Tax Year
2020
Tax Annual Amount
36753
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
Car Wash station
Quick Lube station
lobby
office building
Building Details
Year built
2004
Floors in Building
1
Building materials
Brick, Stucco
Roof type
Flat, Metal, Tile
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Jun 30
Changed: Sep 4
Last Checked: Sep 7 at 8:06PM
MLS# 345870
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.
This automotive property combines a car wash station and quick lube operation with substantial customer and administrative space. The 11,386-square-foot improvement includes a large lobby, a rear office building with its own lobby, and multiple individual office spaces. Built in 2004, the property has brick and stucco construction, central electric heating and cooling, and flat, metal, and tile roofing components.
The site encompasses 1.9805 acres at 2614 E Griffin Parkway in Mission, Texas, near 495 between Shary Road and Taylor Road. C zoning is identified for the property. An accessible approach with ramp is included, along with an electric water heater.
The site encompasses 1.9805 acres at 2614 E Griffin Parkway in Mission, Texas, near 495 between Shary Road and Taylor Road. C zoning is identified for the property. An accessible approach with ramp is included, along with an electric water heater.
Key Highlights
- 11,386‑square‑foot automotive property
- 1.9805‑acre site at 2614 E Griffin Parkway
- Car wash station and quick lube operation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$190,454
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,809,080
$3.8M
Cap Rate 7%
$2,720,771
$2.7M
Cap Rate 9%
$2,116,156
$2.1M
Market Conditions
NOI Build-Up for 11,386 SF
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.
Gross rent
$349.8K $30.72/SF
− Vacancy
−$95.8K −$8.42/SF
EGI
$253.9K $22.30/SF
− OpEx
−$63.5K −$5.58/SF
NOI
$190.5K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,809,080
Cap Rate 7%
$2,720,771
Cap Rate 9%
$2,116,156
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,454 @ 7.0% cap · market cap 6.35%
Second Best
Specialty Retail
$2.36M
$2.07M – $2.75M
NOI $165,242 @ 7.0% cap · market cap 5.51%
Theoretical Best
Hotel Hospitality
$8.58M
$7.50M – $10.01M
NOI $600,327 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
612
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Automotive service property with a customer lobby, multiple offices, and an accessible ramp approach.
Where is this car wash located?
The property is located at 2614 E Griffin Parkway Mission, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 11,386‑square‑foot automotive property; 1.9805‑acre site at 2614 E Griffin Parkway; Car wash station and quick lube operation
