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 / 07
For SaleRetail
$11,350,000
6853 Mockingbird Ln
Uptown · Dallas, TX 75214
$368/sq ft21 days on market1.4K views92 saves
Key facts
- Interior
- 30,820 sq ft
- Lot
- 1.16 acres
- Year built
- 1965
- Property type
- Retail
- Price / sq ft
- $368/sq ft
- Annual taxes
- $197,490
- Days on market
- 21
Getting around
Walk Score90
Walker's Paradise
Transit Score61
Good Transit
Bike Score67
Bikeable
About this property
Investors have been asking for Uptown product at this basis for two years. Corner Visibility and monument signage 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
7.40%
Net operating income ÷ price
Net operating income
$839,900
Annual, after operating expenses
Cash-on-cash
+5.3%
$181,185 annual cash flow on $3,405,000 equity
Occupancy91%
28,046 sq ft leased of 30,820 sq ft
- Tenants
- 4
- Rentable area
- 30,820 sq ft
- Price / sq ft
- $368/sq ft
- WALE
- 1.9 yrs
- Lease type
- Absolute Net
- Building class
- Class B
- Zoning
- B1-2
- Parking
- 168 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $658,715 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Parking & Access
- On-Site Parking
Highlights
- Corner Visibility
- Monument Signage
- Highway Frontage
- Opportunity Zone
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-06-25 | Sold | $8,322,000 |
| 2026-07-04 | Listed | $11,350,000 |
Location
Uptown, Dallas — Dallas County
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Approximate location · Uptown
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Estimated monthly
$76,564/mo
- Principal & interest74%$56,796
- Property tax21%$16,458
- Home insurance4%$3,310
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 $9,080,000 · 30 yr · 6.40%
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