Versatile Commercial Property Near Downtown
5515 Parkdale Drive Dallas, TX 75227
For Sale
$1,200,000
Updated 5200 sq ft commercial property with development potential.
Property Size5,200 SF
Lot Size0.69 Acres
Price / SF$230.77
Days on Market96
Property Features for 5515 Parkdale Drive
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 0.69 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing Agency:
The Michael Group Real Estate
(214) 692-6400
Listed By:
Charles Horton · License #0546099
(469) 363-0209
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 4:31PM
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 The Michael Group Real Estate
Investment Insights
Based on property information with market context.
This updated 5200 sq. ft. commercial property offers versatility and potential. Currently operating as a furniture manufacturing facility, the building is suitable for industrial, warehouse, manufacturing, retail, or office suites. The property includes a heated shop and two loading bays with overhead doors. It also features ample parking within a fully fenced lot, with entrances from Military Parkway. The lot size is approximately 30,000 sq ft, with the final measurement to be determined by survey. The property is located near downtown Dallas, approximately 5 minutes from I-30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45. The PD 323 Zoning allows for a variety of approved uses. The property has two entrances, one on Military Parkway and another on Parkdale Dr. This property is suitable for owner-users or investors looking to capitalize on Dallas' commercial market.
Key Highlights
- Versatile 5200 sq. ft. commercial property suitable for various uses.
- Strategic location near downtown Dallas: 5 minutes from I‑30, 10 minutes from downtown, and 15 minutes from Interstates 35E, 75, and 45.
- PD 323 Zoning offers a variety of approved uses.
Financial Insights For Warehouse
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 | $46.8k | $9.00 |
| − Vacancy | −$4.4k | −$0.86 |
| EGI | $42.4k | $8.15 |
| − OpEx | −$6.4k | −$1.22 |
| NOI | $36.0k | $6.92 |
5,200 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$514.3K
$450.0K – $600.0K
NOI $36,001 @ 7.0% cap · market cap 3.00%
Second Best
Industrial
$423.5K
$370.6K – $494.1K
NOI $29,648 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,420 @ 7.0% cap · market cap 33.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
What type of property is this?
Manufacturing property - Updated 5200 sq ft commercial property with development potential.
Where is this manufacturing property located?
The property is located at 5515 Parkdale Drive 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: Versatile 5200 sq. ft. commercial property suitable for various uses.; Strategic location near downtown Dallas: 5 minutes from I‑30, 10 minutes from downtown, and 15 minutes from Interstates 35E, 75, and 45.; PD 323 Zoning offers a variety of approved uses.
