2218 Tangelo Avenue, Mission, TX 78572
High-visibility corner lot with development potential in Mission, Texas.
- Added:
- Nov 11, 2023
- Days on Market:
- 940
- Last Refresh:
- May 12 at 8:31 pm
Property Features for 2218 Tangelo Avenue
General Information
- Standard status
- Active
- Size
- 2,257 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1992
Listing agent Maggie Harris License #TREC # 0530155
Listing office KELLER WILLIAMS REALTY RIO GRANDE VALLEY
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 RIO GRANDE VALLEY
HighLights
- Prime corner lot location on E. Griffin Parkway (HWY 495) with high visibility.
- Seller financing available.
- Ready for development: retail, dining, or office space.
- Brand‑new roof already in place.
- Located in a thriving, high‑traffic area of Mission.
- Included TAX ID: M4310‑00‑000‑0002‑00.
Overview
Local Financial Insights For Office B
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 | $69.3k | $30.72 |
| − Vacancy | −$19.0k | −$8.42 |
| EGI | $50.3k | $22.30 |
| − OpEx | −$12.6k | −$5.58 |
| NOI | $37.8k | $16.73 |
Alternative Uses
Current Use by Public Records
Map
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3913
- Latitude
- 26.3187
