1625 Mockingbird LnDallas, TX 75235

Property Details for 1625 Mockingbird Ln

Year built

1969

Construction

TILT-UP CONCRETE

Lot size

3.07 AC

Property size (Sq ft)

17,200 SF

Zone code

Z116

Property type

Strip malls

Property subtype

Neighborhood centers

APN

778282000000

APU

778282000000

Description

This exceptional multi-tenant business park, located at 1625 West Mockingbird Lane in Dallas County's Medical District and Stemmons Corridor, offers a variety of office, industrial, warehouse, distribution, R&D, and flex spaces for lease. The property comprises three single-story buildings totaling 46,914 square feet on 3.064 acres of land. Built in 1969 and renovated in 2022, the Class B property features 12-foot ceilings, one loading dock, and 208/230 Volt 3-phase power. The buildings boast modern aesthetics with high-end finishes including prefinished metal frames, solid core birch doors, replaceable carpet tiles and wooden flooring, and energy-efficient LED lighting. Breakrooms feature high-end cabinetry, quartz countertops, and stainless steel sinks. The property benefits from a prime location, just two blocks from UT Southwestern, Parkland, and Children's Hospitals, and three blocks from I-35 and numerous dining options. The surrounding area is undergoing significant revitalization, with prominent anchor tenants including FedEx, Milwaukee Tool, and State Farm Insurance. The property also features beautifully landscaped grounds with mature live oak trees and ample well-lit parking. Energy-efficient features include a fully upgraded roof with TPO and R-29 insulation in office areas, and LED lighting throughout the exterior. The one-story buildings offer easy access and surface parking. Zoning is REAL COMMERCIAL (F1).

• CAP approach

  CAP return

  Valuation

  6%

  $3,887,227

  6.5%

  $3,588,210

  7%

  $3,331,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,350,960

  Geo Method

  $11,414,508

• Alternative Use

  Use

  Valuation

  Residential

  $3,026,789

  Hospitality

  $2,772,522

  Educational

  $2,306,706

  Medical

  $2,386,037

  Retail

  $3,588,210

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8227

Longitude

-96.8573

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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