Pending
$6,815,000
5.9% cap · 24,360 sq ft RBA · Class A
7181 N Bishop Ave
Dallas, TX 75201
Listed 4 weeks ago$280/sq ft
01 / 06
Price cut −7%For SaleRetail
$6,630,000
647 Mockingbird Ln
Oak Lawn · Dallas, TX 75219
$228/sq ft74 days on market2.4K views172 saves
Key facts
- Interior
- 29,090 sq ft
- Lot
- 1.13 acres
- Year built
- 1987
- Property type
- Retail
- Price / sq ft
- $228/sq ft
- Annual taxes
- $115,360
- Days on market
- 74
Getting around
Walk Score91
Walker's Paradise
Transit Score55
Good Transit
Bike Score73
Very Bikeable
About this property
The 1987 retail property at 647 Mockingbird Ln has been repositioned and is now performing at 94% leased. Highway Frontage and anchored center make the space genuinely functional rather than merely leasable. Debt is assumable at a below-market coupon for a qualified buyer.
Investment summary
Investment summary
Cap rate
7.00%
Net operating income ÷ price
Net operating income
$464,100
Annual, after operating expenses
Cash-on-cash
+4.0%
$79,318 annual cash flow on $1,989,000 equity
Occupancy94%
27,345 sq ft leased of 29,090 sq ft
- Tenants
- 4
- Rentable area
- 29,090 sq ft
- Price / sq ft
- $228/sq ft
- WALE
- 3.4 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- CG-1
- Parking
- 93 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $384,782 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Sprinkler System
Highlights
- Highway Frontage
- Anchored Center
- Monument Signage
- Corner Visibility
- Opportunity Zone
- Build-to-Suit Ready
- Below-Market Rents
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2022-01-30 | Sold | $5,101,000 |
| 2026-05-12 | Listed | $7,126,000 |
| 2026-06-07 | Price cut | $6,630,000 |
Location
Oak Lawn, Dallas — Dallas County
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Approximate location · Oak Lawn
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Estimated monthly
$44,724/mo
- Principal & interest74%$33,177
- Property tax21%$9,613
- Home insurance4%$1,934
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.
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Loan amount $5,304,000 · 30 yr · 6.40%
