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Property profile & analytics
OFF-MARKET Estimated value $835,000
Gas stations

1900 Mockingbird Ln Dallas, TX 75235-5206

17,160 SF 2.63 ac lot Built 1950
Trust Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-3328469
Property summary
AI-generated overview

This exceptional 2.63-acre industrial property in Dallas, Texas, presents a compelling redevelopment opportunity. Located in the thriving Southwestern Medical District, this site offers 39,100 square feet of existing industrial space currently 100% occupied, with leases expiring within two years, creating a favorable timeline for redevelopment. The property benefits from a Mixed-Use District 3 zoning designation, allowing for high-density development including retail, office, hotel, and/or multifamily residential uses. Its prime location provides excellent accessibility, situated just two miles from Dallas Love Field Airport and near major thoroughfares such as the Dallas North Tollway, Interstate 35, Highway 114, and Highway 183. The current industrial facility generates a Net Operating Income of $266,753, offering financial stability during the redevelopment process. The property's prominent hard corner location on Mockingbird and Harry Hines ensures seamless ingress and egress. This site's proximity to major hospital systems, within a district employing 42,178 people and accommodating 3.3 million clinic/ER visits annually, makes it one of the most attractive development sites in the submarket. Built in 1950, this property offers a unique chance to capitalize on the area's growth and demand. The existing building provides immediate income while redevelopment plans are finalized.

Property profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1950
Construction TILT-UP CONCRETE
Total area 17,160 SF
Lot 2.63 ac (114,563 SF)
Zoning code Z151
APN 778024000000
UPID US83-3328469
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DFW Lounge Rentals, LLC Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$934k
Blend (final) Blend
$835k
Owner & transaction history
Burnett Brothers Trust · 17 yrs held
Burnett Brothers Trust
since 2008
5 recorded transactions
2008
Price N/A
2007
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.2M +9.1%
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