Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2616 Mockingbird Ln Dallas, TX 75235

    Sponsored
    For Sale
    $1,399,999

    Prime Dallas location, 6,582 SF flex space.

    Property size:
    6,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Dallas investment property, priced at $1,399,999, offers 6,582 square feet of flexible space in a two-story building constructed in 1963 and renovated in 2000. The property sits on a 0.31-acre lot and includes a gated, fenced yard with ample parking. The building features a garage and is situated on Mockingbird Lane, minutes from Dallas Love Field airport. Its convenient location provides easy access to major transportation arteries, including I-35, Harry Hines, Hwy 114, Loop 12, and the Dallas Tollway. The property is zoned IR (Industrial Research), allowing for versatile uses such as professional office, medical office, office/storage, printing and publishing, courier, delivery, and mail services. Its proximity to Love Field (3 minutes), DFW Airport (19 minutes), the Dallas Medical District (5 minutes), and Downtown Dallas (15 minutes) makes it highly desirable. The property is a single-tenant, NNN lease type, Class C building with 50% occupancy. The net rentable square footage is 6,665 square feet, with a price per square foot of $212.70. The property is free and clear, offering a compelling investment opportunity for owner-users or investors seeking a strong return. The property consists of two parcels: 2616 W Mockingbird Ln (6,582 sq ft building) and 2626 Felder Ct (6,534 sq ft concrete lot). There are no loading docks or dock-high doors.

    Property Features for 2616 Mockingbird Ln

    General Information

    Property type
    Manufacturing properties
    Square Feet
    6,582 SF
    Class
    C
    Lot Size
    13,504 SF

    Building Details

    Year Built/Renovated
    1963/2000
    Buildings
    1
    Stories
    2
    Units
    1

    We can help!

    Listing Contact
    Michael Berkowitz
    Michael Berkowitz

    Learn more

    Property Insight Report

    HighLights

    • Mockingbird Lane frontage, minutes from Dallas Love Field.
    • 6,582 SF office building with garage and gated parking, situated on a fenced lot with ample parking; minutes from Dallas Love Field.
    • Zoned IR (Industrial Research), permitting professional office, medical office, office/storage, printing/publishing, courier, delivery, and mail services.
    • Three minutes from Love Field, 19 minutes from DFW Airport, five minutes from the Dallas Medical District, and 15 minutes from Downtown Dallas.
    • 6,582 SF two‑story office/flex building on a 6,665 SF lot with gated access at 2616 W. Mockingbird Ln.
    • 6,534 SF gated concrete lot with fenced yard at 2626 Fielder Ct.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Colony HVAC Hvac Contractor Tucker & Guidry Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8428327
    Latitude
    32.8288349

    Nearby Similar for Sale

    • New
      $1,499,994
      6,025 SF

      Income-Producing Mediterranean Style Dallas Duplex

      Fully furnished, revenue-generating duplex in a sought-after Dallas location.
      5100 Mission Ave, Dallas, TX 75206
      View Details
    • New
      $1,799,997
      6,296 SF

      Income-Producing Contemporary Dallas Duplex

      Contemporary duplex in Dallas, ideal for income generation and co-living.
      2009/2011 N Prairie Ave, Dallas, TX 75204
      View Details
    • $499,500
      2,080 SF

      Dallas Duplex Near Bishop Arts

      Income-producing duplex near Bishop Arts District with redevelopment potential.
      326 S Windomere Ave, Dallas, TX 75208
      View Details
    • $648,500
      0.22 Acres

      Updated Duplex in Prime Location

      Spacious, updated duplex in Dallas with income potential.
      15825 El Estado Dr, Dallas, TX 75248
      View Details
    • $598,000
      0.32 Acres

      Dallas Duplex with Unique Features

      Rare duplex with health spa and updated interiors in Dallas.
      7604 Village Trail Dr, Dallas, TX 75254
      View Details
    • New
      $3,499,999
      9,868 SF

      Hutchins Industrial Site on Expressway

      2.93-acre commercial-industrial site with frontage on South Central Expressway.
      10466 S Central Expy, Dallas, TX 75241
      View Details
    • $1,900,000
      0.16 Acres

      University Park Triplex Investment Opportunity

      Rare triplex in prime location with renovation and redevelopment potential.
      3441 Rosedale Ave, Dallas, TX 75205
      View Details
    • $13,500,000
      0.90 Acres

      Architectural Portfolio with Skyline Views

      One-acre urban compound with modern residence and historic commercial office.
      3502 Gillespie St, Dallas, TX 75219
      View Details
    • New
      $575,000
      0.43 Acres

      Updated Duplex with Large Backyard

      Updated duplex in Dallas, suitable for multigenerational living.
      13301 Daystrom Ct, Dallas, TX 75243
      View Details
    • $5,900,000
      0.87 Acres

      Prime Dallas Industrial Opportunity

      Large lot near highways and convention center with development potential.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • New
      $850,000
      5,032 SF

      Dallas Duplex with Custom Details

      Duplex with custom details, 8 bedrooms, and game room.
      5851 Millar Dr, Dallas, TX 75236
      View Details
    • $750,000
      0.18 Acres

      Dallas Multifamily Investment Opportunity

      Six-unit apartment building in Dallas, near freeways, dining, and entertainment.
      3020 South Blvd, Dallas, TX 75215
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Prime Dallas location, 6,582 SF flex space.
    Where is this manufacturing property located?
    The property is located at 2616 Mockingbird Ln Dallas, TX.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: Mockingbird Lane frontage, minutes from Dallas Love Field.; 6,582 SF office building with garage and gated parking, situated on a fenced lot with ample parking; minutes from Dallas Love Field.; Zoned IR (Industrial Research), permitting professional office, medical office, office/storage, printing/publishing, courier, delivery, and mail services.
    Request Owner's contact information
    2616 Mockingbird Ln Dallas, TX 75235
    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.
    2616 Mockingbird Ln
    Dallas, TX 75235
    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
    2616 Mockingbird Ln Dallas, TX 75235
    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

    We can help!
    Listing Contact
    Michael Berkowitz
    Michael Berkowitz
    Real Estate License ID: Texas
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.