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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1111 W Mockingbird Ln Dallas, TX 75247

    • Retail space
    • 1,767 SF
    • 0.25 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $345,000
    Cap Rate Potential
    8.6%
    Retail space
    Location Intelligence
    Property ID
    US82-9192855
    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 / Auto Insurance Agency / Home Insurance Agency
    • 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 W Mockingbird Ln

    Year built
    2007
    Construction
    TILT-UP CONCRETE
    Lot size
    0.25 lot acres
    Property size
    1,767 SF
    Zone code
    Z151
    Property type
    Retail space
    APN
    00794000E401D0000
    APU
    00794000E401D0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $475,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $280,000
      Market price range: $90.2k - $280k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8709
    Latitude
    32.8182
    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
    $16,362
    $271,150
    $441,850
    $713,000
    -
    $271,150
    $441,850
    $713,000

    Comparable in this City

    • Value Estimation
      $540,000
      6,988 SF

      7303 John W Carpenter Fwy

      RETAIL STORES (PERSONAL SERVICES) • 6,988 SF
      7303 John W Carpenter Fwy, Dallas, TX 75247-4836
      View Details
    • Value Estimation
      $860,000
      30,337 SF

      8330 Stemmons Fwy

      RETAIL STORES (PERSONAL SERVICES) • 30,337 SF
      8330 Stemmons Fwy, Dallas, TX 75247-4108
      View Details
    • Value Estimation
      $420,000
      12,028 SF

      708 Mockingbird Ln

      RETAIL STORES (PERSONAL SERVICES) • 12,028 SF
      708 Mockingbird Ln, Dallas, TX 75247-6010
      View Details
    • Value Estimation
      $535,000
      8,000 SF

      2907 Irving Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      2907 Irving Blvd, Dallas, TX 75247-6210
      View Details
    • Value Estimation
      $705,000
      13,476 SF

      8911 Directors Row

      SHOW ROOM, WAREHOUSE • 13,476 SF
      8911 Directors Row, Dallas, TX 75247-5309
      View Details
    • Value Estimation by Request
      5,650 SF

      4743 Carol Ln

      SHOW ROOM, WAREHOUSE • 5,650 SF
      4743 Carol Ln, Dallas, TX 75247-6505
      View Details

    Similar Nearby for Sale

    • $1,313,777
      4,400 SF

      Prime Automotive Location For Sale

      High-visibility automotive property in Dallas' Trinity Industrial District.
      507 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing

      Development Opportunity Near Highway 183

      Land parcel suitable for development, convenient to DFW and Love Field.
      9800 Stemmons Fwy, Dallas, TX 75247
      View Details
    • Contact for pricing
      59,082 SF

      Dallas Industrial Warehouse Opportunity

      59,082 SF, 100% Vacant, Value-Add
      8500 Sovereign Row, Dallas, TX 75247
      View Details
    • $3,950,000
      21,550 SF

      Dallas Warehouse: Prime Investment Opportunity

      High-yield warehouse, 21,550 SF, excellent location.
      9030 Viscount Row, Dallas, TX 75247
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Four parcels totaling 0.56 acres suitable for industrial manufacturing.
      3522 Easy St, Dallas, TX 75247
      View Details
    • Contact for pricing
      31,230 SF

      Dallas Office Building For Sale

      31,230 square foot office building in Dallas, Texas.
      1327 Empire Central Dr, Dallas, TX 75247
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,025 SF

      Retail Space in Dallas, TX

      Retail development in the heart of Dallas, Texas.
      4540-4740 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Medical Center

      Updated retail space with high visibility near UT Southwestern.
      1820 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Inwood Road

      Retail suites available from 1,900 to 6,000 SF.
      1305-1317 Inwood Rd, Dallas, TX 75247
      View Details
    • Contact for pricing
      2,349 SF

      Retail Space Near Medical District

      Retail spaces available near luxury apartments and life science development.
      2337 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing
      3,467 SF

      Retail Space Available for Lease

      Retail spaces available in a high-traffic Dallas location.
      2339 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing
      8,210 SF

      High Visibility Showroom with Expansion

      HVAC showroom with I-35 frontage, expansion potential.
      13940-13960 N Stemmons Fwy, Dallas, TX 75247
      View Details
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    Dallas, TX 75247
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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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