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Property profile & analytics
FOR SALE
Medical Office Space
1022 E Griffin Pkwy Mission, TX 78572
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-1811474
For Sale
1 / 25
$650,000
1022 E Griffin Pkwy, Mission, TX 78572
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Property summary
AI-generated overview
This exceptional single-tenant office suite, located at 1022 E Griffin Parkway #207, offers 2,830 square feet of beautifully finished space within a prestigious Rio Grande Valley professional office center. The property boasts convenient access from both Bryan Road and Griffin Parkway, ensuring easy client access. Situated on an 8,824.82 square foot lot (APN: A113099000207B01), the building features fire sprinklers and a stunning courtyard with a second-story balcony overlooking a fountain garden and nearby golf course. This truly unique professional plaza provides an unparalleled setting to impress clients and elevate your business presence. The suite is ready for immediate occupancy or minimal modifications to suit your specific needs. Two parking spaces are included. This is a rare opportunity; act quickly as similar properties are highly sought after in this desirable location. The property is classified as Land and Office, with a single tenancy. Don't miss this chance to secure a remarkable office space in a premier location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
2,698 SF
Lot
0.19 ac (8,425 SF)
Zoning code
CO
APN
A1130-00-000-206A-00
UPID
US82-1811474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
DHR Health Orthopedic & Sports Therapy Institute Medical Clinic Physician
-
DHR Health Orthopedic Institute Physician
-
Marina, Jose M DO Physician
-
Precision Orthopedics Physician
-
Kid's First Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rb & Lar Investments LLC · 1 yrs held
Rb & Lar Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
CO · Mission, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mission submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mission submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,195
Tax year 2022
Assessed value
$204,000
Assessed 2023
Previous assessed
$204,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$51,389
Assessed improvement
$152,611
Land market value
$51,389
Improvement market value
$152,611
Total market value
$204,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,698 SF
Lot
0.19 ac (8,425 SF)
Zoning code
CO
APN
A1130-00-000-206A-00
UPID
US82-1811474
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mission, TX
Zoning CO · permitted uses
CO · Mission, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mission. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Rb & Lar Investments LLC
Entity
Mailing address
1022 E GRIFFIN PKWY STE #204, MISSION, TX 78572-2402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Rb & Lar Investments LLC
One Marina Development Corporation
Deed
$797,000 · Jpmorgan Chase Bank NA
Jul 26, 2022
—
Advance Rgv LLC
Gsg Associates LLC
Deed
$712,929 · Frost Bank
May 27, 2022
—
Carlos Villanueva
Moash Ltd
Deed
$720,000 · Moash Ltd
Dec 26, 2019
—
Gsg Associates LLC
Jmip LLC
Grant Deed
$576,000 · Vantage Bk Tx NA
Oct 20, 2017
—
Jmip LLC - Commercial Series 1 Trust
Isla Verde Ltd
Warranty Deed
related
—
Jan 9, 2017
—
Laredo Autistic & Kids Rehab C
—
Deed
related
$100,000 · Lone Star Nat'l Bk
Aug 31, 2016
—
Laredo Autistic & Kids Rehabil
—
Deed
related
$88,459 · Lone Star Nat'l Bk
Aug 25, 2016
—
Laredo Autistic & Kids Rehabil
—
Deed
related
$88,459 · Lone Star Nat'l Bk
—
—
Marina
—
Deed Of Trust
related
$1,260,017 · Texas State Bank Mcallen
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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