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Commercial Property in High-Traffic Area

2614 E Griffin Parkway, Mission, TX 78572

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For Sale

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Commercial property featuring car wash, quick lube, and office building.

Type:Retail, Office

Property size:

11,386 SF

Price / SF:

$263/SF

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.
Features a large office building with a lobby and multiple office spaces.
Enormous lobby area.
Built in 2004.

We can help!

Listing Contact

Jaime Lee Gonzalez

Learn more

For Sale

Contact for pricing

Commercial property featuring car wash, quick lube, and office building.

Type:Retail, Office

Property size:

11,386 SF

Price / SF:

$263/SF

Added:: Nov 11, 2023
Days on Market:: 952
Last Refresh:: May 19 at 9:08 pm

Property Features for 2614 E Griffin Parkway

General Information

Standard status: Active
Size: 11,386 SF
Property subtype: Retail, Office

Building Details

Year Built: 2004

We can help!

Listing Contact

Jaime Lee Gonzalez

Listing agent Jaime Lee Gonzalez License #TXTX

Listing office Keller Williams Realty RGV

Listing date Nov 11, 2023

Source Crexi

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

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.
Features a large office building with a lobby and multiple office spaces.
Enormous lobby area.
Built in 2004.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$349.8k	$30.72
− Vacancy	−$95.8k	−$8.42
EGI	$253.9k	$22.30
− OpEx	−$63.5k	−$5.58
NOI	$190.5k	$16.73

11,386 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.72M

$2.38M – $3.17M (±1% cap)

NOI $190,454 @ 7.0% cap · market cap 6.35%

Second Best

Specialty Retail

$2.36M

$2.07M – $2.75M (±1% cap)

NOI $165,242 @ 7.0% cap · market cap 5.51%

Theoretical Best

Hotel Hospitality

$8.58M

$7.50M – $10.01M (±1% cap)

NOI $600,327 @ 7.0% cap · market cap 20.01%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Hair By Molly Hair Salon Prime Windshield Repair Auto Repair Shop Gumbos Deli Take-out & Catering Arell Construction Construction Company D&E Hair Salon Hair Salon

Suggested Use

Location Insight

Map
Local Demand

City: Mission
County: Hidalgo
State: Texas
Longitude: -98.2786
Latitude: 26.222746

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For sale
Car washes
TX
Mission
78572
2614 E Griffin Parkway

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.