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    1341 Mockingbird Ln Dallas, TX 75247-6913

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    1341 Mockingbird Ln Dallas, TX 75247-6913

    View on Map
    • Office buildings
    • 480,002 SF
    • 15.00 lot acres
    Off-Market
    Last Sale Apr 20, 2020
    Property ID
    US82-4257994
    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
    $11,605,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jennifer Lynn Hughes, PhD / Medical Clinic / Physician
    • Alexis Inabinet Clyde, PhD / Medical Clinic / Physician
    • Airrosti Mockingbird Towers / Alternative Medicine Practice
    • The Five Star Institute / Association Or Organization
    • Premier Financial Alliance, Dallas, TX / Financial Advisor

    Property Details for 1341 Mockingbird Ln

    Year built
    1970
    Construction
    FRAME
    Lot size
    15.00 lot acres
    Property size
    480,002 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    778556300000
    APU
    778556300000

    Description

    Mockingbird Towers, located at 1341 W Mockingbird Lane, Dallas, TX 75247, offers exceptional office space in the West Love submarket of Dallas County. This Class A property features two 12-story buildings totaling 448,337 square feet, with suites ranging from 1,000 to 17,564 contiguous square feet. The property boasts a fully renovated lobby, common area, and lounge, situated beneath an elegant atrium. The West Tower's top floor offers customizable, open-plan suites with stunning views of the surrounding area, including the nearby medical district (a six-minute drive from UT Southwestern Medical Center). Its prime location directly off I-35/Stemmons Freeway provides excellent visibility and brand awareness opportunities via monument signage. A short commute to downtown Dallas (under 15 minutes) is a key benefit. Amenities include 750 surface and 380 covered parking spaces, a fitness center with showers, multiple conference rooms, and a golf simulator. Nearby casual dining options and an on-site deli cater to employees' needs. Convenient access to Dallas Love Field (seven minutes) and DFW International Airport (under 30 minutes) adds to the property's appeal. The property also offers proximity to Brookhollow Country Club (five minutes away). The zoning is MU-3, and the 13.9-acre site includes nine total suites. This multi-tenant building is ideal for businesses seeking modern, convenient, and amenity-rich office space in a thriving Dallas location. The property was built in 1973.

    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
    -96.8658
    Latitude
    32.8224
    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
    $855,288
    $9,801,000
    $27,469,990
    $37,270,990
    -
    $9,801,000
    $27,469,990
    $37,270,990

    Comparable in this City

    • Value Estimation
      $1,520,000
      32,000 SF

      4040 Irving Blvd

      OFFICE BUILDING • 32,000 SF
      4040 Irving Blvd, Dallas, TX 75247-5800
      View Details
    • Value Estimation
      $990,000
      20,051 SF

      4001 Irving Blvd

      OFFICE BUILDING • 20,051 SF
      4001 Irving Blvd, Dallas, TX 75247-5815
      View Details
    • Value Estimation
      $3,795,000
      95,692 SF

      2949 Stemmons Fwy

      OFFICE BUILDING • 95,692 SF
      2949 Stemmons Fwy, Dallas, TX 75247-6102
      View Details
    • Value Estimation
      $2,670,000
      135,876 SF

      7610 Stemmons Fwy

      OFFICE BUILDING • 135,876 SF
      7610 Stemmons Fwy, Dallas, TX 75247-4231
      View Details
    • Value Estimation
      $2,335,000
      84,909 SF

      1355 Riv Bnd Dr

      OFFICE BUILDING • 84,909 SF
      1355 Riv Bnd Dr, Dallas, TX 75247-4915
      View Details
    • Value Estimation
      $2,065,000
      98,770 SF

      1221 Riv Bnd Dr

      OFFICE BUILDING • 98,770 SF
      1221 Riv Bnd Dr, Dallas, TX 75247-4911
      View Details

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      Four-Story Office Building on IH-35

      Four-story office building with development potential in revitalized West Love Field.
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      452,215 SF

      Stemmons Freeway Twin Towers Opportunity

      Value-add office asset in the dynamic West Love submarket.
      8585 Stemmons Fwy, Dallas, TX 75247
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    • $899,000
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      Renovated Commercial Space in Dallas

      Renovated 2230 sqft commercial space in the heart of Dallas.
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    Similar Nearby for Lease

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      Premium Office Space Available

      Move-in ready office suites near Dallas's central and medical districts.
      1341 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing

      Renovated Office Building on Stemmons

      Newly renovated office building in the Stemmons Corridor.
      8500 N Stemmons Fwy, Dallas, TX 75247
      View Details
    • Contact for pricing

      Renovated Class A Office Building

      Newly renovated Class A office building in West Love sub-market.
      1420 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing

      Class A Office Towers

      Two interconnected 11-story office towers with amenities.
      8585 N Stemmons Ave, Dallas, TX 75247
      View Details
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      Renovated Mockingbird Lane Office Building

      Class A office building with recent renovations and convenient location.
      1250 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • Contact for pricing

      Three-Story Office Building with Atrium

      Three-story office building featuring a modern atrium and ample parking.
      8204 Elmbrook Dr, Dallas, TX 75247
      View Details
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    Dallas, TX 75247-6913
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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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