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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Miller Ave Mission, TX 78572-4115

    • Medical offices
    • 2,464 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0813806
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 1001 Miller Ave

    Year built
    1980
    Lot size
    0.17 lot acres
    Property size
    2,464 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    M5200-00-172-0007-00
    APU
    M520000172000700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $240,000
      Current use
      COMMERCIAL (GENERAL)
      $360,000
      Change: +49% Conversion: Easy
      OFFICE BUILDING
      $350,000
      Change: +45% Conversion: Easy
      RETAIL STORES
      $345,000
      Change: +43% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $320,000
      Change: +34% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $230,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3236
    Latitude
    26.2159
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,367
    $53,625
    $117,848
    $171,473
    -
    $53,625
    $117,848
    $171,473

    Comparable in this City

    • Value Estimation
      $1,060,000
      51,171 SF

      909 Business Park Dr

      MEDICAL BUILDING • 51,171 SF
      909 Business Park Dr, Mission, TX 78572-6052
      View Details
    • Value Estimation
      $435,000
      6,720 SF

      1301 Bryan Rd

      MEDICAL BUILDING • 6,720 SF
      1301 Bryan Rd, Mission, TX 78572-6625
      View Details
    • Value Estimation
      $315,000
      2,640 SF

      8360 Expy 83

      MEDICAL BUILDING • 2,640 SF
      8360 Expy 83, Mission, TX 78572-2071
      View Details
    • Value Estimation
      $345,000
      2,240 SF

      2016 Griffin Pkwy

      MEDICAL BUILDING • 2,240 SF
      2016 Griffin Pkwy, Mission, TX 78572-3223
      View Details
    • Value Estimation
      $265,000
      2,340 SF

      2122 Griffin Pkwy

      MEDICAL BUILDING • 2,340 SF
      2122 Griffin Pkwy, Mission, TX 78572-3225
      View Details
    • Value Estimation
      $255,000
      2,698 SF

      1022 Griffin Pkwy

      MEDICAL BUILDING • 2,698 SF
      1022 Griffin Pkwy, Mission, TX 78572-2400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      Mission Medical Office Investment

      9,000 SF Medical Office, 100% Occupied
      1200 St Claire Blvd, Mission, TX 78572
      View Details
    • $80,000
      17,875 SF

      Established Business with Brand Heritage

      Turnkey operation with international brand recognition and loyal customer base.
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    • $3,500,000

      Mission Warehouse: Prime Commercial Land

      High-traffic location, 2.71 acres, $3.5M
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    • Contact for pricing
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      Mission Office Complex: Prime Location

      Class A Office Space, 25,023 SF, Texas
      3605 Plantation Grove Blvd, Mission, TX 78572
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    • $1,675,000
      5.18 Acres

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      Income-producing 5-acre commercial property near expressway and upcoming loop.
      3105 W Expy 83 Hwy, Palmview, TX 78572
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      Updated Home Near Downtown Mission

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    Similar Nearby for Lease

    • $2,000 /Mo
      1,100 SF

      Griffin Parkway Commercial Suite

      Newly finished 1,100 sq ft commercial suite on Griffin Parkway.
      705 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $15 SF/Yr
      18,853 SF

      Conway Crossing I: Medical & Creative Office Space

      Mission, TX Office Suites Available
      1600 Conway Ave, Mission, TX 78572
      View Details
    • $18 SF/Yr
      51,170 SF

      Medical Offices Near Mission Hospital

      Multi-tenant medical office building near Interstate 2 and Mission Hospital.
      900 Business Park Dr, Mission, TX 78572
      View Details
    • $17 SF/Yr
      3,819 SF

      Medical Office Space Near Interstate

      Multi-tenant medical office building near Interstate 2 and medical center.
      909 Business Park Dr, Mission, TX 78572
      View Details
    • $8 SF/Yr
      2,830 SF

      Griffin Parkway Office Suite 207

      Prime Office Space, RGV Location
      1022 Griffin Pkwy, Mission, TX 78572
      View Details
    • $2,200 /Mo
      1,053 SF

      Prime Commercial Space in Mission, TX

      High-visibility commercial spaces ideal for retail, office, or service businesses.
      1229 E Griffin Pkwy, Mission, TX 78572
      View Details
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    1001 Miller Ave
    Mission, TX 78572-4115
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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