507 West Mockingbird Lane
VACANT MEINEKE
Marketing description
AiCRE Partners is pleased to present the opportunity to acquire the fee simple interest in 507 W Mockingbird Lane, a freestanding automotive service property located in the highly desirable Love Field/West Dallas submarket of Dallas. The 4,400-square-foot single-story masonry building is situated on a 0.17-acre parcel and features approximately 47 feet of frontage along Mockingbird Lane, providing strong visibility and direct access in a well-trafficked corridor.
Originally constructed in 1952 and substantially renovated in 2019, the property benefits from recent façade and structural improvements, offering a functional and well-maintained asset suited for continued automotive use or adaptive reuse. The building is configured to support service operations with three (3) exterior service bays/docks and includes six (6) surface parking spaces, making it ideal for an owner-user seeking immediate occupancy or an investor targeting a value-add leasing opportunity.
Strategically positioned near Dallas Love Field and major thoroughfares connecting to the broader Metroplex, the site is surrounded by a dense mix of residential neighborhoods, commercial users, and ongoing redevelopment activity. The Love Field/West Dallas submarket continues to experience strong population growth, rising property values, and increasing demand for infill industrial and service-oriented assets.
Offered at $1,099,000, 507 W Mockingbird Lane represents a rare opportunity to acquire a vacant, freestanding building in a supply-constrained urban infill location with significant upside potential through lease-up, repositioning, or owner-user occupancy.
Investment highlights
- Turnkey Auto Repair Facility – Former Meineke – The property was previously occupied by Meineke Car Care Centers and is purpose-built for automotive service use, featuring three (3) exterior service bays, approximately 10-foot clear ceiling heights, and a perfect car-friendly score of 100. Recent 2019 façade and structural renovations provide a solid foundation, allowing for immediate occupancy by an owner-user or seamless conversion for a new operator or automotive franchise.
- Strong Submarket Fundamentals with Below-Market Vacancy – Located within the highly sought-after Love Field/West Dallas submarket of Dallas, the area is experiencing tight market conditions with vacancy rates around 4.7%. The subject property’s current vacancy presents a unique opportunity to acquire an outlier asset in a supply-constrained market. With market rents averaging approximately $2.33/SF—above estimated in-place levels—investors have clear upside potential through lease-up and rent growth.
- High-Traffic Corridor Location – The property benefits from exceptional visibility and accessibility, positioned less than 0.1 miles from Irving Boulevard and along W. Mockingbird Lane, where traffic counts reach over 32,000 vehicles per day. Proximity to major thoroughfares and strong daily traffic volumes make this an ideal location for automotive, retail, or service-oriented uses reliant on high exposure.
- Attractive Basis Relative to Market – Offered at $1,099,000 (approximately $249/SF), the property is priced below the submarket average of roughly $315/SF, presenting a compelling basis for investors. The offering aligns closely with the property’s prior financing level, with the most recent loan originated at $1.1 million in 2022, supporting the current valuation and providing confidence in the asset’s pricing relative to market comparables.
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