Manufacturing Building with Loading
For Sale
$1,200,000
5515 Parkdale Drive, Dallas, TX 75227
CommercialSale, Dallas, TX
Property Size5,200 SF
Lot Size0.69 Acres
Price / SF$230.77
Days on Market331
Property Features for 5515 Parkdale Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PD 323
Parking features
Gated, Parking Lot
Subdivision
BLK 5802 TR 15 ACS 2.2862
Directions
google maps is accurate.
Standard status
Active
APN
00000434893000000
Lot size
0.69 Acres
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
Composition
Listing Agency:
The Michael Group Real Estate
(817) 577-9000
Listed By:
Charles Horton · License #0546099
(214) 692-6400
Added: Nov 19, 2025
Changed: Oct 16
Last Checked: Oct 16 at 12:06PM
MLS# 20785457
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.
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Investment Insights
Based on property information with market context.
This 5200 sq. ft. manufacturing facility is currently used for furniture production and includes a heated shop, two loading bays with overhead doors, and concrete flooring. The building dates to 1962 and has central heating and central air. A gated, fully fenced parking lot supports the property, which also has public water and public sewer service.
Access is provided from Military Parkway and Parkdale Drive. PD 323 zoning allows a variety of approved uses. The property is approximately 5 minutes from I-30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45. The site measures 0.688 acres, with final dimensions subject to survey.
Access is provided from Military Parkway and Parkdale Drive. PD 323 zoning allows a variety of approved uses. The property is approximately 5 minutes from I-30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45. The site measures 0.688 acres, with final dimensions subject to survey.
Key Highlights
- 5200 sq. ft. manufacturing facility currently operating as furniture production
- Heated shop with 2 loading bays and overhead doors
- 0.688‑acre site with gated parking and a fully fenced lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,630
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,600
$912.6K
Cap Rate 7%
$651,857
$651.9K
Cap Rate 9%
$507,000
$507.0K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$78.0K $15.00/SF
− Vacancy
−$7.8K −$1.50/SF
EGI
$70.2K $13.50/SF
− OpEx
−$24.6K −$4.73/SF
NOI
$45.6K $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 Rate 5%
$912,600
Cap Rate 7%
$651,857
Cap Rate 9%
$507,000
Alternative Uses
Best Use
Flex RnD
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 3.80%
Second Best
Warehouse
$514.3K
$450.0K – $600.0K
NOI $36,001 @ 7.0% cap · market cap 3.00%
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Updated industrial facility with a heated shop, fenced parking, and access from two streets.
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: 5200 sq. ft. manufacturing facility currently operating as furniture production; Heated shop with 2 loading bays and overhead doors; 0.688‑acre site with gated parking and a fully fenced lot
