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

    1718 Griffin Pkwy Mission, TX 78572-3104

    • Individual retail properties
    • 24,244 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2536682
    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

    • TruFit Athletic Clubs - Griffin Parkway / Aerobics Instructor / Fitness Center
    • Custom Built Personal Training inside of Max Fitness / Personal Trainer

    Property Details for 1718 Griffin Pkwy

    Year built
    2000
    Lot size
    0.60 lot acres
    Property size
    24,244 SF
    Zone code
    CO
    Property type
    Individual retail properties
    APN
    S6260-01-000-0033-00
    APU
    S626001000003300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,051,000
      Market price range: $870k - $1.73M

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $1,275,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2971
    Latitude
    26.2249
    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
    $27,951
    $245,438
    $847,741
    $1,093,179
    -
    $245,438
    $847,741
    $1,093,179

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      2017th N Conway Ave

      BARBER, HAIR SALON • 1,080 SF
      2017th N Conway Ave, Mission, TX 78572-2965
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    • Value Estimation
      $1,010,000
      23,246 SF

      2520 Interstate Hwy 2nd 2

      GYM, HEALTH SPA • 23,246 SF
      2520 Interstate Hwy 2nd 2, Mission, TX 78572-6696
      View Details
    • Value Estimation by Request
      1,830 SF

      814 Bentsen Palm Dr

      BARBER, HAIR SALON • 1,830 SF
      814 Bentsen Palm Dr, Mission, TX 78572-4866
      View Details
    • Value Estimation by Request
      6,500 SF

      2014 Business Hwy 83

      GYM, HEALTH SPA • 6,500 SF
      2014 Business Hwy 83, Mission, TX 78572-9207
      View Details
    • Value Estimation by Request
      2,105 SF

      214 Conway Ave

      LAUNDROMAT (SELF-SERVICE) • 2,105 SF
      214 Conway Ave, Mission, TX 78572-5460
      View Details
    • Value Estimation by Request
      3,520 SF

      802 1st St

      BARBER, HAIR SALON • 3,520 SF
      802 1st St, Mission, TX 78572
      View Details

    Similar Nearby for Sale

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      Palmview Commercial Land Opportunity

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    • $105,000
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      Established Retail Business Opportunity

      Profitable retail business with inventory and equipment included for sale.
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    • $80,000
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      Established Business with Brand Heritage

      Turnkey operation with international brand recognition and loyal customer base.
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    • New
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      Versatile Commercial Property in Palmview

      Income-producing commercial property on a major corridor with high traffic.
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      Mission, TX Commercial Opportunity

      Versatile 15,040 sq.ft. building on 0.69 acres.
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    • $465,000
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      Prime commercial lot in high-traffic area with development potential.
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    Similar Nearby for Lease

    • $1.15 SF/Yr
      31,645 SF

      Retail Space Near Event Center

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    • New
      $18 SF/Yr
      18,853 SF

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      High-traffic retail center with flexible leasing opportunities.
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      1,183 SF

      Prime Location Retail/Office Space

      Retail or office space in a high-traffic area.
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    • Contact for pricing
      360,889 SF

      Mission Retail Center Opportunity

      High-traffic retail space, multiple units available
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    • Contact for pricing
      2,500 SF

      Retail Space in Mission, Texas

      Retail space available in Sharyland Towne Crossing.
      2901 Expressway 83 E, Mission, TX 78572
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    • $18 SF/Yr
      1,580 SF

      Retail Building at Conway Avenue

      18,853 SF building with high visibility and traffic.
      1600-1620 N Conway Ave, Mission, TX 78572
      View Details
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    1718 Griffin Pkwy
    Mission, TX 78572-3104
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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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