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
01 / 09
NewComing SoonOffice
$13,505,000
6781 Mockingbird Ln
Bishop Arts District · Dallas, TX 75206
$219/sq ft0 days on market448 views13 saves
Key facts
- Interior
- 61,790 sq ft
- Lot
- 2.93 acres
- Year built
- 1916
- Property type
- Office
- Price / sq ft
- $219/sq ft
- Annual taxes
- $234,990
- Days on market
- 0
Getting around
Walk Score83
Very Walkable
Transit Score54
Good Transit
Bike Score62
Bikeable
About this property
Investors have been asking for Bishop Arts District product at this basis for two years. Current NOI supports the 8.4% going-in yield with room above it as leases reset.
Investment summary
Investment summary
Cap rate
8.40%
Net operating income ÷ price
Net operating income
$1,134,420
Annual, after operating expenses
Cash-on-cash
+8.7%
$350,636 annual cash flow on $4,051,500 equity
Occupancy68%
42,017 sq ft leased of 61,790 sq ft
- Tenants
- 7
- Rentable area
- 61,790 sq ft
- Price / sq ft
- $219/sq ft
- WALE
- 2.0 yrs
- Lease type
- Modified Gross
- Building class
- Class C
- Zoning
- DMU-60
- Parking
- 251 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $783,784 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Interior
- Bike Room & Showers
Parking & Access
- Freight Elevator
Highlights
- Conference Center
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2017-07-25 | Sold | $9,365,000 |
| 2026-07-25 | Listed | $13,505,000 |
Location
Bishop Arts District, Dallas — Dallas County
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Approximate location · Bishop Arts District
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Estimated monthly
$91,101/mo
- Principal & interest74%$67,580
- Property tax21%$19,583
- Home insurance4%$3,939
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 $10,804,000 · 30 yr · 6.40%
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