5520 Military Parkway Dallas, TX 75227
COMMERCIAL - Dallas, TX
Property Features for 5520 Military Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Gated, Parking Lot
- Standard status
- Active
- APN
- 00000434893000000
- Size
- 31,450 SF
- Lot size
- 2.29 Acres
Taxes and HOA fees
- Tax Description
- BLK 5802 TR 15 ACS 2.2862
- Tax Annual Amount
- 16063
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Charles Horton License #0546099 (214) 692-6400
Listing office The Michael Group Real Estate Dallas, TX (817) 577-9000
Listing date Nov 7, 2025
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Access is built in from multiple directions, with four entrances on Military Parkway and one on Parkdale Road. The site is positioned for connectivity, with convenient drive times to major regional routes, including I-30, Downtown Dallas, and Interstates 35E, 75, and 45.
This property is well-suited for owner-users and investors seeking space that can be leased, subdivided, or expanded across multiple buildings. The mix of warehouse, office, and retail/event-ready space supports a range of business models, while the on-site amenities and existing fire suppression system help reduce upfront improvements for many operators. The owner’s openness to owner financing may also offer additional flexibility for qualified buyers.
Key Highlights
- 31,450‑sqft commercial property on 2.286 acres with 3 buildings: 20,000 SF, 6,250 SF, and 5,200 SF
- Fully climate‑controlled with central heating and central air, plus a city‑required fire suppression sprinkler system
- Five loading dock doors and 5 total entrances: four on Military Parkway and one on Parkdale Road
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $471.8k | $15.00 |
| − Vacancy | −$47.2k | −$1.50 |
| EGI | $424.6k | $13.50 |
| − OpEx | −$148.6k | −$4.73 |
| NOI | $276.0k | $8.78 |
