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    Property profile & analytics

    1420 Mockingbird Ln Dallas, TX 75247

    • Office buildings
    • 161,744 SF
    • 6.72 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    $1,105,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2627147
    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

    • Raices / Real Estate Agency
    • Advocacy Inc / Attorney
    • The Pineda Law Firm PLLC / Immigration Attorney
    • Yarbrough & Elliot / Attorney
    • Clutch Creative Marketing / Marketing Agency

    Property Details for 1420 Mockingbird Ln

    Year built
    1984
    Construction
    FRAME
    Lot size
    6.72 lot acres
    Property size
    161,744 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    778557800000
    APU
    778557800000

    Description

    One Mockingbird, located at 1420 W. Mockingbird Ln, Dallas, TX 75247, offers 30,000 square feet of immediately available Class A office space in a newly renovated eight-story building totaling 157,300 square feet. Built in 1984 and completely remodeled in 2021, this property boasts updated lobbies, restrooms, and common areas. The building features a fitness center with showers, a bookable conference center, and ample parking in a three-story structured garage with 24-hour card-key access. On-site amenities include 24/7 security, nightly janitorial services, a day porter, and onsite property management, engineering, and banking. The flexible space allows for leases ranging from 700 to 19,998 contiguous square feet, accommodating various business needs. Situated in the West Love submarket of Dallas County, this MU-3 zoned property provides convenient access to I-35 and Mockingbird Lane, placing it near Dallas Love Field (2 miles) and public transportation. Its proximity to the growing Dallas Medical District further enhances its appeal. The 6.72-acre site offers a total of 476 parking spaces. This exceptional location within the Metroplex offers a prime opportunity for businesses seeking modern, well-maintained office space with extensive amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8644
    Latitude
    32.8209
    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
    $355,691
    $4,393,460
    $11,106,540
    $15,500,000
    -
    $4,393,460
    $11,106,540
    $15,500,000

    Comparable in this City

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      $1,020,000
      32,000 SF

      4040 Irving Blvd

      OFFICE BUILDING • 32,000 SF
      4040 Irving Blvd, Dallas, TX 75247-5800
      View Details
    • Value Estimation
      $695,000
      20,051 SF

      4001 Irving Blvd

      OFFICE BUILDING • 20,051 SF
      4001 Irving Blvd, Dallas, TX 75247-5815
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    • Value Estimation
      $1,210,000
      95,692 SF

      2949 Stemmons Fwy

      OFFICE BUILDING • 95,692 SF
      2949 Stemmons Fwy, Dallas, TX 75247-6102
      View Details
    • Value Estimation
      $1,450,000
      135,876 SF

      7610 Stemmons Fwy

      OFFICE BUILDING • 135,876 SF
      7610 Stemmons Fwy, Dallas, TX 75247-4231
      View Details
    • Value Estimation
      $1,215,000
      84,909 SF

      1355 Riv Bnd Dr

      OFFICE BUILDING • 84,909 SF
      1355 Riv Bnd Dr, Dallas, TX 75247-4915
      View Details
    • Value Estimation
      $1,020,000
      98,770 SF

      1221 Riv Bnd Dr

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

    Similar Nearby for Sale

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      31,230 square foot office building in Dallas, Texas.
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      Office Space in Dallas, TX

      Office property located at 1450 Empire Central, Dallas, TX.
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      Development Opportunity Near Highway 183

      Land parcel suitable for development, convenient to DFW and Love Field.
      9800 Stemmons Fwy, Dallas, TX 75247
      View Details
    • $300,000
      0.10 Acres

      Corner Lot in Dallas, TX

      Corner lot suitable for commercial or residential use in Dallas.
      4708 Almond Ave, Dallas, TX 75247
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      Industrial Property in Dallas, Texas

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

    • $21 SF/Yr
      125,924 SF

      Mockingbird Lane Office Space

      Dallas, TX Class A Office Building
      1250 Mockingbird Ln, Dallas, TX 75247
      View Details
    • $17 SF/Yr
      449,000 SF

      Ricchi Towers: Premier Dallas Office Space

      Class A Dallas office space, multiple tenancies available.
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    • $6 SF/Yr
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      Dallas Office Space: River Bend HQ

      Flexible Office Suites in Dallas
      1220 River Bend Dr, Dallas, TX 75247
      View Details
    • $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
      View Details
    • $17 SF/Yr
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      Empire Plaza Office Suites in Dallas

      Executive suites & coworking spaces available.
      1430 Empire Central Dr, 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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