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    1420 W Mockingbird Ln Dallas, TX 75247

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    For Lease
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    Newly renovated Class A office building in West Love sub-market.

    Type:Office
    Property size:
    157,300 SF
    Added:
    Apr 22, 2021
    Days on Market:
    1815
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1420 W Mockingbird Ln

    General Information

    Standard status
    Active
    Size
    157,300 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 1420 W Mockingbird Ln Contact us

    Suite 550 $23 /Mo

    Size
    4,020 SF
    Type
    Office
    Suite 550 has a reception area with offices on the exterior window line. There is...
    show more
    Contact us

    Suite 640 $23 /Mo

    Size
    2,694 SF
    Type
    Office
    Suite 640 offers 6 private offices, a large reception area, break room and open office...
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    Contact us

    Suite 450 $23 /Mo

    Size
    2,620 SF
    Type
    Office
    7 Private Offices, Reception, Bullpen, Conference Room. Lease is Plus Electric.
    Contact us

    Suite 300 $23 /Mo

    Size
    19,988 SF
    Type
    Office
    Suite 300 is a full floor with open plans for multiple area for multiple work stations,...
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    Suite 110 $27 /Mo

    Size
    5,192 SF
    Type
    Office
    Turnkey bank branch available now. Virtual Tour - https://tour.giraffe360.com/1420wmockingbird-suite110/
    Contact us

    Suite 260 $23 /Mo

    Size
    722 SF
    Type
    Office
    Open Office Area. Lease is Plus Electric
    Contact us

    Suite 545 $23 /Mo

    Size
    990 SF
    Type
    Office
    3 Private offices, Storage Room & Reception. Lease is Plus Electric
    Contact us

    Suite 430 $23 /Mo

    Size
    3,157 SF
    Type
    Office
    Spec Suite! 5 private offices, break room, 2 storage areas, conference room, and...
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    Suite 520 $23 /Mo

    Size
    1,453 SF
    Type
    Office
    Spec Suite with Break room, Conference Room, and 2 private offices. Virtual Tour...
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    Contact us

    Suite 500 $23 /Mo

    Size
    5,350 SF
    Type
    Office
    Spec Suite. Conference, 4 Private Offices, 2 Executive Offices, Open Area, Reception...
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    Contact us

    Suite 210 $23 /Mo

    Size
    3,812 SF
    Type
    Office
    Spec Suite! Reception, 2 Executive Offices, 3 Private Offices, Open Office Area,...
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    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 22, 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

    Renovated Class A Office Building

    The property at 1420 W. Mockingbird Lane is a newly renovated Class A office building located in the West Love sub-market. This eight-story building offers 157,300 square feet of space available for lease. A complete remodel was finished in the first quarter of 2021, which includes renovated lobbies, restrooms, and common areas. New features include a fitness center with showers and a conference center that is bookable daily. Additional parking will be implemented. The property has a 3-story structured parking garage with 24-hour card-key access and onsite banking. The building is fully staffed with onsite property management, engineering, nightly janitorial services, a day porter, and 24/7 onsite security. The property is located off of I-35 and Mockingbird Lane, in close proximity to Dallas's growing Medical District, keeping it in the heart of the Metroplex. It is approximately 2 miles from Dallas Love Field and is accessible via multiple public transportation lines.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raices Real Estate Agency Advocacy Inc Law Firm The Pineda Law Firm ... Law Firm Yarbrough & Elliot Law Firm Clutch Creative Marketing Advertising Agency

    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
    -96.864416
    Latitude
    32.820853

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    FAQs

    What type of property is this?
    Office building - Newly renovated Class A office building in West Love sub-market.
    Where is this office building located?
    The property is located at 1420 W Mockingbird Ln Dallas, TX.
    What are key features of this property?
    This property features: Newly renovated Class A office building with updated lobbies, restrooms, and common areas (completed Q1 2021).; Onsite amenities include a fitness center with showers and a bookable conference center.; Convenient location off I‑35 and Mockingbird Lane, near Dallas's Medical District.
    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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