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    1111 W Mockingbird Ln Dallas, TX 75247
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    Property profile & analytics

    1111 W Mockingbird Ln, Dallas, TX 75247

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    • Retail space
    • 1,767 SF
    • 0.25 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Office Space with Onsite Amenities For Lease
    $18 SF/Yr
    1,291 SF

    Office Space with Onsite Amenities

    Office space for rent with conference center and fitness center.

    1111 W Mockingbird Ln, Dallas, TX
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Dental Ranch / Dental Office
    • Bolden Insurance Agency LLC: Allstate Insurance / Insurance Agency
    • A+ Insurance Designers / Insurance Agency
    • Seeds Financial Planning LLC / Insurance Agency
    • MK Insurance Services, LLC / Insurance Agency

    Property Details for 1111 W Mockingbird Ln

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2019 — Ricchi Plaza Dallas LLC — Deed · related $1M · Vantage Bk Tx NA
    May 22, 2019 — Ricchi Plaza Dallas LLC — Loan Modification · related $4.8M · Vantage Bk Tx NA
    Oct 16, 2018 — 1300 Ricchi LLC — Grant Deed · related $1.8M · International Bk
    Aug 1, 2018 — Ricchi Plaza Dallas LLC — Grant Deed · related $2.1M · International Bk
    Feb 8, 2017 — Kapela LLC Ricchi Plaza Dallas LLC Warranty Deed · related —
    — — Ricchi Plaza Dallas LLC — Deed Of Trust · related $1M · Vantage Bk Tx NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — 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

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    • Value Estimation
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      12,028 SF

      708 Mockingbird Ln

      RETAIL STORES (PERSONAL SERVICES)
      708 Mockingbird Ln, Dallas, TX 75247-6010
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    • Value Estimation
      $1,125,000
      6,988 SF

      7303 John W Carpenter Fwy

      RETAIL STORES (PERSONAL SERVICES)
      7303 John W Carpenter Fwy, Dallas, TX 75247-4836
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    • Value Estimation
      $1,260,000
      8,000 SF

      2907 Irving Blvd

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    • Value Estimation
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      13,476 SF

      8911 Directors Row

      SHOW ROOM, WAREHOUSE
      8911 Directors Row, Dallas, TX 75247-5309
      View Details
    • Value Estimation
      $760,000
      15,750 SF

      8230 Elmbrook Dr

      SHOW ROOM, WAREHOUSE
      8230 Elmbrook Dr, Dallas, TX 75247-4144
      View Details

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      Infill Land Opportunity in Dallas

      Land with high-traffic frontage and flexible zoning.
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      200,000 SF

      Dallas Commercial Property For Sale

      Large commercial property available in Dallas, Texas.
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      Industrial Land For Sale

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      21,550 SF

      Dallas Industrial Investment Opportunity

      21,550 SqFt industrial property with 6.10% CAP rate.
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    Similar Nearby for Lease

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      Retail suites available from 1,900 to 6,000 SF.
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      28,112 SF

      Retail Space on Irving Blvd

      28,112 SF retail property available for lease.
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      Commercial Property for Rent

      Commercial property available for rent in Dallas, Texas.
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      48,360 SF

      Dallas Specialty Property for Lease

      Spacious 48,360 SF specialty property available for lease.
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      Industrial Warehouse with Fenced Storage

      Industrial warehouse featuring fenced outside storage and multiple grade doors.
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    • Contact for pricing
      111,081 SF

      Dallas Warehouse Space Available

      111,081 square foot warehouse space for lease in Dallas.
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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.

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