Commercial Property in High-Traffic
For Sale
Contact for pricing
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 Market997
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
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Jaime Lee Gonzalez · License #TXTX
Source:
Crexi
Added: Nov 11, 2023
Changed: Jul 10
Last Checked: Aug 3 at 2:07PM
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
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 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 | $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
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
Location Intelligence
Trade Area within ½ mile
600
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
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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.
