Commercial Property in High-Traffic
For Sale
$3,000,000
2614 E Griffin Parkway, Mission, TX 78572
Commercial property featuring car wash, quick lube, and office building.
Property Size11,386 SF
Price / SF$263.48
Days on Market211
Property Features for 2614 E Griffin Parkway
General Information
Standard status
Active
Size
11,386 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$36,753
Building Details
Building Size
11,386 SF
Year Built
2004
Listing Agency:
Keller Williams Realty RGV
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Primeluxuryrealestate
Added: Mar 26
Changed: Oct 14
Last Checked: Oct 21 at 6:40AM
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 Keller Williams Realty RGV
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 commercial property is located in Mission, Texas, situated off Interstate 495 between Shary Road and Taylor Road. The property features a car wash station and a quick lube station. Additionally, there is a large lobby area and a sizable office building at the rear, which includes its own lobby and multiple office spaces. The property has a size of 11,386 square feet.
Key Highlights
- High‑traffic location in the heart of Mission, right off 495 between Shary Rd & Taylor Rd.
- Includes a Car Wash station.
- Includes a Quick Lube station.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,454
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
783
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 Office in South region
Frequently Asked Questions
What type of property is this?
Car wash - Commercial property featuring car wash, quick lube, and office building.
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: High‑traffic location in the heart of Mission, right off 495 between Shary Rd & Taylor Rd.; Includes a Car Wash station.; Includes a Quick Lube station.
