SoldPrice cut −11%
$11,695,000
7.5% cap · 33,410 sq ft RBA · Class C
857 Cedar Springs Rd
Dallas, TX 75219
Listed 4 months ago$350/sq ft
01 / 05
Price cut −4%Open Aug 8, 2026For SaleMixed Use
$12,200,000
1088 Lovers Ln
Preston Hollow · Dallas, TX 75214
$359/sq ft173 days on market3.0K views198 saves
Key facts
- Interior
- 33,960 sq ft
- Lot
- 1.67 acres
- Year built
- 1966
- Property type
- Mixed Use
- Price / sq ft
- $359/sq ft
- Annual taxes
- $212,280
- Days on market
- 173
Getting around
Walk Score35
Car-Dependent
Transit Score18
Minimal Transit
Bike Score42
Somewhat Bikeable
About this property
Built in 1966 and capitalized properly since, this mixed-use building needs no immediate capital. Zoning and the structured parking leave the door open for a future repositioning.
Investment summary
Investment summary
Cap rate
7.60%
Net operating income ÷ price
Net operating income
$927,200
Annual, after operating expenses
Cash-on-cash
+6.0%
$219,154 annual cash flow on $3,660,000 equity
Occupancy69%
23,432 sq ft leased of 33,960 sq ft
- Tenants
- 5
- Rentable area
- 33,960 sq ft
- Price / sq ft
- $359/sq ft
- WALE
- 2.1 yrs
- Lease type
- Modified Gross
- Building class
- Class C
- Zoning
- B2-3
- Parking
- 109 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $708,046 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Systems & Efficiency
- Sprinkler System
Parking & Access
- Structured Parking
Highlights
- Monument Signage
- Corner Visibility
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2018-09-04 | Sold | $6,527,000 |
| 2026-02-02 | Listed | $12,760,000 |
| 2026-03-04 | Price cut | $12,606,000 |
| 2026-04-08 | Price cut | $12,200,000 |
Location
Preston Hollow, Dallas — Dallas County
Loading map
Approximate location · Preston Hollow
Open full mapEstimate your monthly payment
Payment calculator
Estimated monthly
$82,298/mo
- Principal & interest74%$61,049
- Property tax21%$17,690
- Home insurance4%$3,558
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
$
$
%
%
Term
$
$
$
Loan amount $9,760,000 · 30 yr · 6.40%
More like this
$11,350,000
7.4% cap · 30,820 sq ft RBA · Class B
6853 Mockingbird Ln
Dallas, TX 75214
Listed 3 weeks ago$368/sq ft
$11,005,000
8.9% cap · 42,050 sq ft RBA · Class C
6885 N Bishop Ave
Dallas, TX 75225
Listed 5 weeks ago$262/sq ft
Pending
$14,560,000
7.5% cap · 55,990 sq ft RBA · Class B
1449 Mockingbird Ln
Dallas, TX 75208
Listed 3 months ago$260/sq ft
Coming Soon
$13,505,000
8.4% cap · 61,790 sq ft RBA · Class C
6781 Mockingbird Ln
Dallas, TX 75206
Listed today$219/sq ft
