Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    621 Griffin Pkwy Mission, TX 78572-2919
    Back to Search
    Property profile & analytics

    621 Griffin Pkwy, Mission, TX 78572-2919

    View on Map
    • Specialty properties
    • 9,426 SF
    • 2.06 lot acres
    Off-Market
    Property ID
    US82-3111147
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ric Brown Family Funeral Home / Social Service Agency
    • Serenity Flowers and Gifts / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 621 Griffin Pkwy

    Year built
    1994
    Lot size
    2.06 lot acres
    Zone code
    CO
    Property type
    Specialty properties
    APN
    R2433-00-000-000B-00
    APU
    R243300000000B00

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2017 — Ric Brown Funeral Home INC — Deed · related $1.2M · Texas Regional Bank
    — — Ric Brown Fam Funeral Hm INC — Deed Of Trust · related $749k · Compass Bank
    — — Ric Brown Fam Funeral Hm INC — Deed Of Trust · related $136k · Compass Bank
    — — Ric Brown Family Funeral Hm In — Deed Of Trust · related $26k · Compass Bank
    — — Ric Brown Fam Funeral Hm INC — Deed Of Trust · related $749k · Texas State Bank Mcallen

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.317
    Latitude
    26.2295
    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
    $18,151
    $381,735
    $331,050
    $712,785
    -
    $381,735
    $331,050
    $712,785

    Comparable in this City

    • Value Estimation by Request
      7,030 SF

      2200 Conway Ave

      FUNERAL HOME
      2200 Conway Ave, Mission, TX 78572-2968
      View Details
    • Value Estimation by Request
      7,019 SF

      1813 Conway Ave

      FUNERAL HOME
      1813 Conway Ave, Mission, TX 78572-2961
      View Details
    • Value Estimation by Request
      4,851 SF

      106 Mercury St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      106 Mercury St, Mission, TX 78572-6395
      View Details
    • Value Estimation by Request
      5,162 SF

      Plantation Grv Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      Plantation Grv Blvd, Mission, TX 78572
      View Details
    • Value Estimation by Request
      948 SF

      1571 Gastel Cir

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1571 Gastel Cir, Mission, TX 78572-3049
      View Details
    • Value Estimation by Request
      6,671 SF

      219 Mayberry Rd

      FUNERAL HOME
      219 Mayberry Rd, Mission, TX 78572-5755
      View Details

    Similar Nearby for Sale

    • $450,000
      0.53 Acres

      Commercial Property in Mission, Texas

      Commercial property for sale in Mission, Texas.
      Colorado St, Mission, TX 78572
      View Details
    • $3,368,000

      Olive Garden NNN Ground Lease

      High-performing Olive Garden with long-term ground lease in Mission, TX.
      1405 Expressway 83 E, Mission, TX 78572
      View Details
    • New
      $650,000
      14,474 SF

      Palmview Commercial Opportunity For Sale

      22,218 SF commercial property on 0.50 acres in Palmview, TX.
      205 W Veterans Blvd, Palmview, TX 78572
      View Details
    • $390,000
      2,301 SF

      Mission, TX Commercial Opportunity

      Daycare facility on nearly half an acre in Mission.
      1820 Perkins Ave, Mission, TX 78572
      View Details
    • Contact for pricing
      2,301 SF

      Mission, Texas Commercial Opportunity

      Daycare facility with expansion potential in a growing area.
      1820 Perkins Ave, Mission, TX 78572
      View Details
    • $950,000
      Pending

      Move-in Ready Daycare Facility

      Turnkey daycare facility in a high-visibility location.
      239 E Griffin Ave, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,183 SF

      Mission Commercial Plaza: Executive Office Space

      Prime Mission location, 1,183 sq ft, ample parking.
      608 Shary Rd, Mission, TX 78572
      View Details
    • $18 SF/Yr
      1,192 SF

      Mission Executive Office Suite

      Prime Office Space, 1,192 sq ft
      2100 Shary Rd, Mission, TX 78572
      View Details
    • $2,750 /Mo
      1,350 SF

      Advanced Medical Arts Center Suite

      Finished suite in a professional office center with courtyard.
      1112 Griffin Pkwy, Mission, TX 78572
      View Details
    • $5,000 /Mo
      760 SF

      Palmview Commercial Space For Lease

      Spacious commercial property with excellent visibility and ample parking.
      3343 W Palma Vista Dr, Palmview, TX 78572
      View Details
    • $2,700 /Mo
      1,996 SF

      Mission, TX - Office Suite

      Turnkey office suite with courtyard and golf course views.
      1022 E Griffin Pkwy W, Mission, TX 78572
      View Details
    • Contact for pricing

      Retail Strip Center in Mission

      Retail/office spaces in high-traffic area with flexible leasing options.
      1600 N Conway Ave, Mission, TX 78572
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    621 Griffin Pkwy
    Mission, TX 78572-2919
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    621 Griffin Pkwy, Mission, TX, 78572
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!