Remodeled Flex Space with Loading
For Sale
$1,200,000
5530 Military Parkway, Dallas, TX 75227
CommercialSale, Dallas, TX
Property Size6,250 SF
Lot Size0.02 Acres
Price / SF$192
Days on Market296
Property Features for 5530 Military Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
PD 323
Parking features
Parking Lot, Gated
Subdivision
BLK 5802 TR 20.2 ACS 0.0237 CAL C
Directions
google maps is accurate.
Standard status
Active
APN
00000434896000200
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
BLK 5802 TR 20.2 ACS 0.0237 CALC
Tax Annual Amount
24
Legal Description
BLK 5802 TR 20.2 ACS 0.0237 CALC
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
Building materials
Brick
Roof type
Flat
Listing Agency:
The Michael Group Real Estate
(817) 577-9000
Listed By:
Charles Horton · License #0546099
(214) 692-6400
Added: Nov 7, 2025
Changed: Aug 27
Last Checked: Aug 30 at 2:06PM
MLS# 20785376
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.
This remodeled flex-space property is currently configured as an event center and includes a private office with an en-suite restroom and shower, plus two public restrooms. The building is climate-controlled, equipped with a code-compliant fire suppression sprinkler system, and finished with concrete flooring. A loading dock door supports commercial operations, while the brick exterior and flat roof provide established building components.
The property sits on Military Parkway with entrances from the roadway and a fully fenced, gated parking lot. Public water and sewer serve the site. Access to I-30 is approximately 5 minutes away, with downtown Dallas about 10 minutes away and Interstates 35E, 75, and 45 approximately 15 minutes away. PD 323 zoning allows a range of approved uses.
The property sits on Military Parkway with entrances from the roadway and a fully fenced, gated parking lot. Public water and sewer serve the site. Access to I-30 is approximately 5 minutes away, with downtown Dallas about 10 minutes away and Interstates 35E, 75, and 45 approximately 15 minutes away. PD 323 zoning allows a range of approved uses.
Key Highlights
- Remodeled flex‑space building currently configured as an event center
- Private office with en‑suite restroom and shower
- Two public restrooms and code‑compliant fire suppression sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,096,880
$1.1M
Cap Rate 7%
$783,486
$783.5K
Cap Rate 9%
$609,378
$609.4K
Market Conditions
NOI Build-Up for 6,250 SF
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.
Gross rent
$93.8K $15.00/SF
− Vacancy
−$9.4K −$1.50/SF
EGI
$84.4K $13.50/SF
− OpEx
−$29.5K −$4.73/SF
NOI
$54.8K $8.78/SF
Area
ZIP 75227
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,096,880
Cap Rate 7%
$783,486
Cap Rate 9%
$609,378
Alternative Uses
Best Use
Flex RnD
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 4.57%
Second Best
Warehouse
$618.1K
$540.9K – $721.2K
NOI $43,270 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$6.84M
$5.99M – $7.98M
NOI $478,870 @ 7.0% cap · market cap 39.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75227, TX
59,103
Population
19,605
Households
3
Avg Household Size
32
Median Age
14%
College-Educated
71%
High-School Grad
11.6 sq mi
ZIP Area
5,095
Density / Sq Mi
$59,395
Median Household Income
$37,641
Median Earnings
$1,277
Median Rent
$203,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled commercial building with gated parking, office accommodations, and PD 323 zoning.
Where is this flex space located?
The property is located at 5530 Military Parkway Dallas, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Remodeled flex‑space building currently configured as an event center; Private office with en‑suite restroom and shower; Two public restrooms and code‑compliant fire suppression sprinkler system
