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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Strip malls
2714 Griffin Pkwy Mission, TX 78572-3323
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1635713
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
6,140 SF
Lot
0.64 ac (27,687 SF)
Zoning code
CO
APN
S5320-00-000-0003-00
UPID
US82-1635713
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
-
Holiday Wine & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Taqueria Papa Taco & Breakfast Restaurant
-
El Papa Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$505k
Owner & transaction history
Mjac LLC · 2 yrs held
Mjac LLC
since 2024
6 recorded transactions
Zoning & alternative use
CO · Mission, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$795,000
+38.7%
Restaurant
$645,000
+12.0%
Medical building
$595,000
+3.8%
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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Current use
AUTO REPAIR, GARAGE
$795,000
Change: +39% · Conversion: Difficult
RESTAURANT
$645,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$82 / 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
$16,784
Tax year 2022
Assessed value
$656,437
Assessed 2023
Previous assessed
$656,437
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$498,366
Assessed improvement
$158,071
Land market value
$498,366
Improvement market value
$158,071
Total market value
$656,437
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
6,140 SF
Lot
0.64 ac (27,687 SF)
Zoning code
CO
APN
S5320-00-000-0003-00
UPID
US82-1635713
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$795,000
RESTAURANT
Est. value
$645,000
MEDICAL BUILDING
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1992
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
12
Lot
0.64 ac
Current owner
From public records · entity-resolved
Mjac LLC
Entity
Mailing address
400 W NOLANA AVE STE H2, MCALLEN, TX 78504-3997
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Mjac LLC
3 O Ranch Mission Properties LLC
Venders Lien
$880,000 · International Sla Ltd
Apr 7, 2020
—
City Of Madison
3-o Ranch Mission Prop LLC
Warranty Deed
—
Dec 6, 2017
—
3-o Ranch Mission Prop LLC
—
Deed
related
$200,000 · International Bk/commerce
Oct 26, 2017
—
3-0 Ranch Mission Prop LLC
Owens,dennis L & Laurie J
Grant Deed
—
Jun 2, 2010
—
3-o Ranch Mission Props LLC
Owens,dennis L & Laurie J
Grant Deed
—
—
—
3-o Ranch Mission Prop LLC
—
Deed Of Trust
related
$200,000 · International Bk/commerce
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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