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Property profile & analytics
FOR LEASE
Medical Office Space
1112 E Griffin Pkwy Mission, TX 78572
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US82-1721377
For Lease
1 / 4
$2,750/Mo
1112 E Griffin Pkwy, Mission, TX 78572
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
10,584 SF
Lot
1.08 ac (46,971 SF)
Zoning code
CO
APN
B4860-00-000-0002-00
UPID
US82-1721377
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
-
Richard's Pharmacy Pharmacy
-
Sylvia Garza Pediatrician Physician
-
Khizar Ahsan MD Physician
-
Canals Desi MD Pediatrician Physician
-
Alicia Guzman, FNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.42M
Owner & transaction history
Galen Dev LLC · 18 yrs held
Galen Dev LLC
since 2008
5 recorded transactions
Zoning & alternative use
CO · Mission, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+49.5%
Office building
$1.5M
+45.4%
Retail stores
$1.5M
+43.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,535,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$1,495,000
Change: +45% · Conversion: Easy
RETAIL STORES
$1,475,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,375,000
Change: +34% · Conversion: Difficult
RESTAURANT
$1,110,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
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
$33,371
Tax year 2022
Assessed value
$1,310,484
Assessed 2023
Previous assessed
$1,310,484
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$530,761
Assessed improvement
$779,723
Land market value
$530,761
Improvement market value
$779,723
Total market value
$1,310,484
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 Lease
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,584 SF
Lot
1.08 ac (46,971 SF)
Zoning code
CO
APN
B4860-00-000-0002-00
UPID
US82-1721377
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Galen Dev LLC
Entity
Mailing address
1113 E GRIFFIN PKWY, MISSION, TX 78572
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2018
—
Galen Dev LLC
—
Deed
related
$721,752 · Jpmorgan Chase Bk NA
May 23, 2008
—
Galen Dev LLC
Texas State Bank
Grant Deed
$1,050,000 · Texas State Bank
Mar 5, 2008
$1,286,725
Texas State Bank
Cummings,joshua A
Trustees Deed
related
—
—
—
Hector Delarosa
—
Deed Of Trust
related
$1,286,725 · Texas State Bank Mcallen
—
—
Hector Delarosa
—
Deed Of Trust
related
$143,419 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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