This exceptional 46,914 square foot multi-tenant business park, situated on 3.064 acres at 1625 West Mockingbird Lane, offers a diverse range of leasing opportunities. The property, recently renovated in 2023, comprises three single-story buildings with 12-foot ceilings and features six loading docks, 197 parking spaces, and 208/230 Volt 3-phase power. The buildings boast high-quality finishes including prefinished metal frames, solid core birch doors, 2' x 2' reveal edge ceiling tiles, and high-end replaceable carpet tiles intermixed with wooden flooring. Breakrooms feature high-end cabinetry, quartz countertops, and stainless steel sinks. All roofs have been upgraded with energy-efficient TPO, maintaining an R-29 insulation value in office areas. The property benefits from excellent visibility on West Mockingbird Lane, with signage options available, and is strategically located in the Dallas Medical District and Stemmons Corridor, near UT Southwestern Hospital, Parkland Hospital, and Children's Hospital. Its proximity to I-35 and Dallas Love Field Airport, along with nearby amenities such as FedEx, Starbucks, and numerous restaurants, makes it an ideal location for businesses of all sizes. The park also features beautifully landscaped areas with mature live oak trees, creating a tranquil work environment. The property is zoned REAL COMMERCIAL (F1) and has undergone over $2.5 million in improvements in the last five years, with ongoing maintenance and beautification programs planned. The buildings are social distancing friendly with ample surface parking. The property offers a blend of traditional office, flex, and warehouse spaces, catering to a variety of business needs. The 100% LED energy-efficient motion-activated lighting throughout the offices contributes to a sustainable and cost-effective operation.
Property Features for 1625 Mockingbird Ln
General Information
Property type
Distribution properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
46,914 SF
Class
B
Total Rate
67438.88
Building Details
Year Built/Renovated
1969/2023
Buildings
3
Stories
1
Unit(s) available at that property
Space
High Visability Office Retail Suite 214
Size
3,872 SF
Rate per SF
$17
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Listing Contact
Craig Wasilchak
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Property Insight Report
HighLights
Three‑building, 46,914 SF multi‑tenant office, flex, warehouse, and distribution property on 3.064 acres.
Class B property built in 1969, renovated in 2023, featuring 12' ceilings and six loading docks.
197 parking spaces, 208/230 Volt 3‑phase power, located on West Mockingbird Lane, near Oakbrook Blvd, in Dallas' Medical District and Stemmons Corridor.
High‑traffic location with prominent anchor tenants (FedEx, Milwaukee Tool, State Farm), signage opportunities, and proximity to major hospitals and I‑35.
Recently renovated with high‑end finishes including prefinished metal frames, solid core birch doors, wooden flooring, and upgraded breakrooms.
Distribution property - Modern Office, Retail & Flex Space
Where is this distribution property located?
The property is located at 1625 Mockingbird Ln Dallas, TX.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Three-building, 46,914 SF multi-tenant office, flex, warehouse, and distribution property on 3.064 acres.; Class B property built in 1969, renovated in 2023, featuring 12' ceilings and six loading docks.; 197 parking spaces, 208/230 Volt 3-phase power, located on West Mockingbird Lane, near Oakbrook Blvd, in Dallas' Medical District and Stemmons Corridor.
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1625 Mockingbird Ln Dallas, TX 75235
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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
1625 Mockingbird Ln Dallas, TX 75235
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1625 Mockingbird Ln, Dallas, TX
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1625 Mockingbird Ln, Dallas, TX
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Real Estate License ID: For Lease By Owner
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