1601 Griffin PkwyMission, TX 78572

Property Details for 1601 Griffin Pkwy

Year built

1997

Lot size

0.04 AC

Property size (Sq ft)

1,368 SF

Zone code

CO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

S2780-00-003-0015-00

APU

S278000003001500

Description

This exceptional single-tenant office space, located at 1601 E Griffin Parkway #C in Mission, Texas, 78572, offers 2,200 square feet of versatile layout ideal for various professional uses, including medical and administrative offices. Situated within the Shary Gardens Plaza, the property boasts a welcoming lobby, multiple private offices, a well-equipped kitchen, and convenient storage areas. Ensuring both comfort and safety, the suite includes multiple bathrooms and strategically placed emergency exits. The property sits on a 2,699.84 square foot lot and benefits from the plaza's ample parking, providing 110 spaces for clients and staff. Its prime location in a high-traffic area ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence. The property's APN is S278000003001300. This move-in ready space presents a fantastic opportunity for healthcare practices or professional offices seeking a desirable location in Mission, Texas. The property is classified as Commercial and Executive Office, and is a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $212,856

  6.5%

  $196,482

  7%

  $182,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,683

  Geo Method

  $323,342

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $380,669

  Mixed-Use / Specialty

  $196,788

  Hospitality / Lodging

  $145,688

  Office

  $196,668

  Institutional / Educational

  $204,940

  Residential Income

  $239,780

  Multifamily

  $282,000

  Automotive / Energy

  $175,663

  Parking / Income-Based Land

  $59,624.80

  Restaurant / Food Service

  $104,499

  Healthcare / Senior Housing

  $200,771

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2266

Longitude

-98.2979

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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