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    Property profile & analytics

    1111 Mockingbird Ln Dallas, TX 75247-5028

    • Office buildings
    • 263,236 SF
    • 6.13 lot acres
    OFF-MARKET
    Value Estimations
    $4,990,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9496829
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Dental Ranch / Pediatric Dentist
    • Bolden Insurance Agency LLC: Allstate Insurance / Home Insurance Agency / Insurance Company
    • A+ Insurance Designers / Insurance Agency
    • Seeds Financial Planning LLC / Life Insurance Agency / Insurance Agency
    • MK Insurance Services, LLC / Insurance Agency / Auto Insurance Agency

    Property Details for 1111 Mockingbird Ln

    Year built
    1972
    Construction
    FRAME
    Lot size
    6.13 lot acres
    Property size
    263,236 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    00794000E401C0000
    APU
    00794000E401C0000

    Description

    This exceptional 15-story office building, located at 1111 W Mockingbird Lane in Dallas, Texas, 75247, offers a diverse range of office spaces ideal for various business needs. Built in 1973 and extensively renovated in 2013, the property boasts a total of 268,742 square feet, with 64,680 square feet currently available. The building caters to multiple tenants, offering flexible space options ranging from a minimum of 757 square feet to a maximum contiguous space of 5,588 square feet. This allows for businesses of all sizes to find a suitable fit. The property is classified as Traditional Office, Executive Office, Medical Office, and Creative Office space, demonstrating its adaptability to a wide array of professional uses. Ample parking is provided with 890 spaces available for tenants and visitors. The building's central Dallas location provides easy access to major transportation routes and a vibrant business community. This is a unique opportunity to secure high-quality office space in a well-maintained and strategically located building. The property's versatility and extensive amenities make it an attractive option for businesses seeking a modern and functional workspace in the heart of Dallas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8708
    Latitude
    32.819
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $360,687
    $4,672,140
    $11,045,560
    $15,717,700
    -
    $4,672,140
    $11,045,560
    $15,717,700

    Comparable in this City

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      $1,730,000
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      1140 Empire Central Dr

      OFFICE BUILDING • 83,752 SF
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    • Value Estimation
      $11,605,000
      480,002 SF

      1341 Mockingbird Ln

      OFFICE BUILDING • 480,002 SF
      1341 Mockingbird Ln, Dallas, TX 75247-6913
      View Details
    • Value Estimation
      $815,000
      12,752 SF

      8855 Stemmons Fwy

      OFFICE BUILDING • 12,752 SF
      8855 Stemmons Fwy, Dallas, TX 75247-3705
      View Details
    • Value Estimation
      $1,710,000
      57,900 SF

      8101 Stemmons Fwy

      OFFICE BUILDING • 57,900 SF
      8101 Stemmons Fwy, Dallas, TX 75247-4103
      View Details
    • Value Estimation
      $3,970,000
      270,436 SF

      8700 Stemmons Fwy

      OFFICE BUILDING • 270,436 SF
      8700 Stemmons Fwy, Dallas, TX 75247-3729
      View Details
    • Value Estimation
      $6,910,000
      208,692 SF

      8585 Stemmons Fwy

      OFFICE BUILDING • 208,692 SF
      8585 Stemmons Fwy, Dallas, TX 75247-3836
      View Details

    Similar Nearby for Sale

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      Office Space in Dallas, TX

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    • $300,000
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      Corner Lot in Dallas, TX

      Corner lot suitable for commercial or residential use in Dallas.
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      Commercial Land with Concrete Slab

      Commercial land featuring concrete slab, fencing, and security lighting.
      10341 N Stemmons Fwy, Dallas, TX 75247
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    • $5,611,340
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      Renovated Warehouse with Cross-Dock

      Renovated warehouse featuring cross-dock, fenced storage, and updated office.
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      Industrial Property in Dallas, Texas

      Industrial property available for sale in Dallas, Texas.
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    Similar Nearby for Lease

    • $23 SF/Yr
      157,300 SF

      One Mockingbird Office Space

      Dallas Class A Office, 30,000 SF Available
      1420 Mockingbird Ln, Dallas, TX 75247
      View Details
    • $17 SF/Yr
      160,000 SF

      Empire Plaza Office Suites in Dallas

      Executive suites & coworking spaces available.
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    • $13 SF/Yr
      109,291 SF

      Stemmons Freeway Office Space

      Dallas Office Building: 28 Suites Available
      8500 Stemmons Fwy, Dallas, TX 75247
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    • $20 SF/Yr
      448,337 SF

      Mockingbird Towers Office Space

      Premium Dallas Office Suites, Move-In Ready
      1341 Mockingbird Ln, Dallas, TX 75247
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    • $21 SF/Yr
      125,924 SF

      Mockingbird Lane Office Space

      Dallas, TX Class A Office Building
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      Ricchi Towers: Premier Dallas Office Space

      Class A Dallas office space, multiple tenancies available.
      8585 Stemmons Ave, Dallas, TX 75247
      View Details
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    Dallas, TX 75247-5028
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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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