Two-Building Flex Light Industrial
5510-5520 S Westmoreland Rd Dallas, TX 75237
5510-5520 S Westmoreland Rd, Dallas, TX, 75237
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For Sale
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Two-building flex/light industrial property on a hard corner, 100% leased to three tenants anchored by American Airlines.
Property Size85,214 SF
Lot Size6.89 Acres
Price / SF$158.42
Days on Market75
Property Features for 5510-5520 S Westmoreland Rd
General Information
- Standard status
- Active
- Size
- 85,214 SF
- Lot size
- 6.89 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Colliers - The Woodlands
(727) 482-4448
Listed by
Connor Duffy
(727) 482-4448
Source
Moodyscre
Added: May 8 Updated: Jul 20 at 11:16PM Checked: Jul 21 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - The Woodlands
Investment Insights
Based on property information with market context.
Westmoreland Business Center is a two-building flex/light industrial property offering 100% fee simple ownership. The asset totals approximately 85,214 SF on about 6.89 acres and is fully leased to three tenants, anchored by American Airlines. The tenant mix includes two occupants with 20+ years of operating history. The structure is described as predominantly NNN, with limited landlord responsibilities supporting stable in-place cash flow across the three tenants.
The property is located in Dallas’ Redbird Airport submarket, approximately 10 miles southwest of the Dallas CBD, and is directly adjacent to Dallas Executive Airport. It sits on the hard corner of S. Westmoreland Rd. and Love Bird Ln, providing access to major thoroughfares.
Westmoreland Business Center is presented as a mission-critical, FAA-required tenancy and a long-operating-history investment with corporate credit strength from nationally recognized, credit-worthy tenants.
The property is located in Dallas’ Redbird Airport submarket, approximately 10 miles southwest of the Dallas CBD, and is directly adjacent to Dallas Executive Airport. It sits on the hard corner of S. Westmoreland Rd. and Love Bird Ln, providing access to major thoroughfares.
Westmoreland Business Center is presented as a mission-critical, FAA-required tenancy and a long-operating-history investment with corporate credit strength from nationally recognized, credit-worthy tenants.
Key Highlights
- ±85,214 SF two‑building flex/light industrial property on ±6.89 acres in Dallas, TX
- 100% leased to three tenants, anchored by American Airlines
- FAA‑required, mission‑critical tenancy with American Airlines as the anchor tenant
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 | $1.28M | $15.00 |
| − Vacancy | −$127.8k | −$1.50 |
| EGI | $1.15M | $13.50 |
| − OpEx | −$402.6k | −$4.73 |
| NOI | $747.8k | $8.78 |
85,214 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$10.68M
$9.35M – $12.46M
NOI $747,753 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$8.43M
$7.37M – $9.83M
NOI $589,958 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$102.25M
$89.47M – $119.29M
NOI $7,157,485 @ 7.0% cap · market cap 53.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-building flex/light industrial property on a hard corner, 100% leased to three tenants anchored by American Airlines.
Where is this flex space located?
The property is located at 5510-5520 S Westmoreland Rd Dallas, TX.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: ±85,214 SF two‑building flex/light industrial property on ±6.89 acres in Dallas, TX; 100% leased to three tenants, anchored by American Airlines; FAA‑required, mission‑critical tenancy with American Airlines as the anchor tenant
