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    1341 W Mockingbird Lane Dallas, TX 75247

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    Move-in ready office suites near Dallas's central and medical districts.

    Type:Office
    Added:
    Apr 26, 2021
    Days on Market:
    1830
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1341 W Mockingbird Lane

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 1341 W Mockingbird Lane Contact us

    Suite 100E $20 /Mo

    Size
    2,461 SF
    Type
    Office
    This space features two conference rooms and open space ready for build-out.
    Contact us

    Suite 105W $20 /Mo

    Size
    1,096 SF
    Type
    Office
    Contact us

    Suite 145E $20 /Mo

    Size
    1,455 SF
    Type
    Office
    Contact us

    Suite 106W $20 /Mo

    Size
    1,307 SF
    Type
    Office
    Contact us

    Suite 750W $28 /Mo

    Size
    3,495 SF
    Type
    Office
    Spec Suite COMPLETE! Reception, 7 Private Offices, Conference Room, Storage Room...
    show more
    Contact us

    Suite 725W $28 /Mo

    Size
    1,693 SF
    Type
    Office
    Spec Suite COMPLETE! Reception, Conference Room, Break Room, 3 Private Offices, Open...
    show more
    Contact us

    Suite 245W $26 /Mo

    Size
    1,457 SF
    Type
    Office
    Contact us

    Suite 113E $20 /Mo

    Size
    844 SF
    Type
    Office
    Contact us

    Suite 245E $27 /Mo

    Size
    1,457 SF
    Type
    Office
    Large Open Office Space, 3 Private Offices, Break Room, and Reception
    Contact us

    Suite 600E $26 /Mo

    Size
    17,563 SF
    Type
    Office
    Suite 600E is a beautiful second-generation floor built out with workstations throughout...
    show more
    Contact us

    Suite 790W $28 /Mo

    Size
    1,065 SF
    Type
    Office
    3 Private Offices and Large Open Office Area
    Contact us

    Suite 210E $27 /Mo

    Size
    3,828 SF
    Type
    Office
    2 Entries, 7 Private Offices, Open Office Space, Multiple Storage Rooms, Work/Copy...
    show more
    Contact us

    Suite 820W $28 /Mo

    Size
    2,039 SF
    Type
    Office
    Reception, Conference Room, 4 Private Offices, Open Office Space, Break Room, IT/Storage...
    show more
    Contact us

    Suite 115E $28 /Mo

    Size
    1,707 SF
    Type
    Office
    3 Private Offices, Entry & Open Office Area. Lease is Plus Electric
    Contact us
    Show more

    We can help!

    Listing Contact
    Matthew Cheney

    Listing agent Matthew Cheney License #0813152

    Listing office TXRE Properties LLC

    Listing date Apr 26, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of TXRE Properties LLC

    Overview

    Premium Office Space Available

    The property at 1341 W Mockingbird Lane offers premium office space, featuring full-floor, move-in ready suites suitable for businesses seeking proximity to Dallas’s central business district and the expanding medical district. A renovated lobby provides access to a common area and lounge beneath an atrium. The top floor of the west tower offers customizable suites with open-plan layouts and unobstructed views, including the medical district and UT Southwestern Medical Center, which are within a six-minute drive. The property is strategically located off I-35/Stemmons Freeway, offering companies the opportunity for increased brand awareness via monument signage. Downtown Dallas is reachable within 15 minutes. Employees have access to casual dining options such as Classic Cup Café and Jack in the Box, both within a five-minute walk, as well as an on-site deli. The property provides 750 surface and 380 covered parking spaces, along with amenities including a fitness center and showers, multiple conference rooms, and a golf simulator. Dallas Love Field Airport is seven minutes away, and Dallas Fort Worth International Airport is under 30 minutes away. Suites offer views of the Brookhollow Country Club, located five minutes north of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jennifer Lynn Hughes, ... Medical Clinic Alexis Inabinet Clyde, ... Medical Clinic Airrosti Mockingbird Towers Alternative Medicine Practice The Five Star Institute Association Or Organization Premier Financial Alliance, ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Law Firm Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.86583
    Latitude
    32.822357

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    FAQs

    What type of property is this?
    Office building - Move-in ready office suites near Dallas's central and medical districts.
    Where is this office building located?
    The property is located at 1341 W Mockingbird Lane Dallas, TX.
    What are key features of this property?
    This property features: Move‑in ready, full‑floor suites available.; **Strategic location with high visibility** from I‑35/Stemmons Freeway and monument signage opportunities.; Proximity to Dallas's central business district and the medical district (6‑minute drive to UT Southwestern Medical Center).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Cheney
    Real Estate License ID: 0813152
    Learn More
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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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