$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
01 / 07
Price cut −11%SoldRetail
$11,695,000
857 Cedar Springs Rd
Lakewood · Dallas, TX 75219
$350/sq ft125 days on market3.3K views74 saves
Key facts
- Interior
- 33,410 sq ft
- Lot
- 0.74 acres
- Year built
- 1975
- Property type
- Retail
- Price / sq ft
- $350/sq ft
- Annual taxes
- $203,490
- Days on market
- 125
Getting around
Walk Score48
Car-Dependent
Transit Score25
Some Transit
Bike Score47
Somewhat Bikeable
About this property
Rarely available Lakewood retail property offered free and clear. The improvements include corner visibility, highway frontage and signalized corner. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
7.50%
Net operating income ÷ price
Net operating income
$877,125
Annual, after operating expenses
Cash-on-cash
+5.7%
$198,387 annual cash flow on $3,508,500 equity
Occupancy81%
27,062 sq ft leased of 33,410 sq ft
- Tenants
- 11
- Rentable area
- 33,410 sq ft
- Price / sq ft
- $350/sq ft
- WALE
- 5.3 yrs
- Lease type
- Absolute Net
- Building class
- Class C
- Zoning
- C-1
- Parking
- 168 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $678,738 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
- Corner Visibility
- Highway Frontage
- Signalized Corner
- Anchored Center
- Below-Market Rents
- Recent Capital Improvements
- 24/7 Card Access
- Opportunity Zone
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2026-03-22 | Listed | $13,067,000 |
| 2026-04-13 | Price cut | $12,690,000 |
| 2026-05-08 | Price cut | $11,695,000 |
| 2026-07-05 | Sold | $11,695,000 |
Location
Lakewood, Dallas — Dallas County
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Approximate location · Lakewood
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Estimated monthly
$78,891/mo
- Principal & interest74%$58,522
- Property tax21%$16,958
- Home insurance4%$3,411
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 $9,356,000 · 30 yr · 6.40%
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