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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Sports & entertainment properties
1716 Griffin Pkwy Mission, TX 78572-3104
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-2887440
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2000
Total area
13,630 SF
Lot
0.36 ac (15,751 SF)
Zoning code
CO
APN
S6260-01-000-0032-00
UPID
US82-2887440
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
-
Lopz (Bike/Boat/Book/etc) Store Auto Parts Store
-
Mario's Banquet & Conference Center Wedding Service
-
Auto Climas MAX A/C Auto Repair Shop Insurance Agency
-
South Texas Bingo | Best Bingo in RGV Bingo Hall
-
Vvc (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$615k
Owner & transaction history
Mario A Ornelas · 5 yrs held
Mario A Ornelas
since 2020
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
Method
Estimation
Statistic approach
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$635,000
Current use
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$45 / 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
$17,366
Tax year 2022
Assessed value
$679,192
Assessed 2023
Previous assessed
$679,192
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$147,263
Assessed improvement
$531,929
Land market value
$147,263
Improvement market value
$531,929
Total market value
$679,192
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
20
Total area
13,630 SF
Lot
0.36 ac (15,751 SF)
Zoning code
CO
APN
S6260-01-000-0032-00
UPID
US82-2887440
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$635,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
20
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mario A Ornelas
Individual
Mailing address
1716 E GRIFFIN PKWY, MISSION, TX 78572-3104
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
Mario A Ornelas
—
Deed Of Trust
related
$250,000 · Rio Bk
Jul 26, 2019
—
Mario A Ornelas
—
Trustees Deed
related
$100,000 · Rio Bk
Jan 20, 2006
—
Albert Ornelas
—
Trustees Deed
related
$50,000 · Elsa State Bank & Trust Co
Sep 8, 2005
—
Albert Ornelas
—
Trustees Deed
related
$50,368 · Texas State Bank
Sep 2, 2004
—
Albert Ornelas
—
Trustees Deed
related
$50,368 · Texas State Bank Mcallen
—
—
Mario A Ornelas
—
Loan Modification
related
$394,783 · Elsa St Bk&tr
—
—
Albert Ornelas
—
Deed Of Trust
related
$690,437 · Elsa State Bank & Trust Co
—
—
Ornelas,mario A
—
Deed Of Trust
related
$555,919 · Elsa State Bank & Trust Co
—
—
Mario A Ornelas
—
Deed Of Trust
related
$690,437 · Elsa St Bk&tr
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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