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Property profile & analytics
OFF-MARKET
Turn key restaurants
1602 Griffin Pkwy Mission, TX 78572-3180
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-1913532
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Total area
2,910 SF
Lot
0.07 ac (3,210 SF)
Zoning code
CO
APN
S6260-01-000-0010-00
UPID
US82-1913532
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
-
Snacks & Aguas Frescas Don Chuy Department Store
-
El Korita Drive Thru #2 Grocery & Convenience Store
-
Hope Personal Loans Loan Service
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
Lomar Investments LLC · 1 yrs held
Lomar Investments LLC
since 2025
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
$4,602
Tax year 2022
Assessed value
$179,965
Assessed 2023
Previous assessed
$179,965
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$85,065
Assessed improvement
$94,900
Land market value
$85,065
Improvement market value
$94,900
Total market value
$179,965
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,910 SF
Lot
0.07 ac (3,210 SF)
Zoning code
CO
APN
S6260-01-000-0010-00
UPID
US82-1913532
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
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Lomar Investments LLC
Entity
Mailing address
108 S DRIFTWOOD AVE, MISSION, TX 78572-4781
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
Lomar Investments LLC
Marilyn Guzman
Warranty Deed
$147,000 · Greater State Bank
May 16, 2023
—
Marylin Guzman
Ssb Homes INC
Venders Lien
$150,000 · Adelante Funding I Ltd
Oct 9, 2019
—
Ssb Homes INC
Lal Keswani
Warranty Deed
related
$480,000 · Falcon Int'l Bk
Mar 15, 2010
—
Sureshlal K Keswani
—
Trustees Deed
related
—
Nov 25, 2009
—
Sureshlal K Keswani
—
Trustees Deed
related
—
Jul 29, 2009
—
Sureshlal K Keswani
—
Trustees Deed
related
—
Jun 30, 2006
—
Sureshlal K Keswani
Texas State Bank
Grant Deed
$477,275 · Texas State Bank Mcallen
Feb 24, 2006
$210,470
Texas State Bank
Cole Rueben L
Trustees Deed
related
—
Jan 3, 2006
—
Tbyrd Enterprizes LLC
Bfg Investments LLC
Warranty Deed
$1,000,000 · Bfg Investments LLC
—
—
Sureshlal K Keswani
—
Deed Of Trust
related
$480,000 · Falcon Int'l Bk
—
—
Keswani,lai & Meenu
—
Loan Modification
related
—
—
—
Sureshlal K Keswani
—
Deed Of Trust
related
$400,000 · Compass Bank
—
—
Ssb Homes INC
—
Loan Modification
related
$480,000 · Falcon Int'l Bk
—
—
Sureshlal K Keswani
—
Deed Of Trust
related
—
—
—
Bfg Investments LLC
—
Deed Of Trust
related
$227,623 · Texas State Bank
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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