Versatile Commercial Property in
5520 Military Parkway Dallas, TX 75227
For Sale
$5,875,500
Adaptable mixed-use property with warehouse, retail, and office spaces.
Property Size31,450 SF
Lot Size2.29 Acres
Price / SF$186.82
Days on Market95
Property Features for 5520 Military Parkway
General Information
- Standard status
- Active
- Size
- 31,450 SF
- Lot size
- 2.29 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 24 at 4:01PM
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 31,450 sqft property is situated on 2.2860 acres and includes three remodeled and updated buildings. Building 1 has 20,000 sqft, building 2 has 6,250 sqft, and building 3 has 5,200 sqft. The property is currently used as a warehouse, furniture manufacturing space, retail center, office suites, and an event center venue, offering versatility for various uses. The property is fully climate-controlled and includes restrooms in every suite, as well as a city-required fire suppression sprinkler system. Ample parking is available within a fully fenced lot. The property has four entrances on Military Parkway and one on Parkdale Road, along with five loading dock doors. It is located five minutes from I-30, ten minutes from Downtown Dallas, and fifteen minutes from Interstates 35E, 75, and 45. The adaptable layout offers multiple spaces for leasing or expansion, making it suitable for a wide range of business operations.
Key Highlights
- Large 31,450 sqft property on 2.286 acres with 3 remodeled buildings
- Versatile for warehouse, manufacturing, retail, office, event center
- Excellent accessibility with four entrances and five loading dock doors
Financial Insights For Mixed Use
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 | $943.5k | $30.00 |
| − Vacancy | −$113.2k | −$3.60 |
| EGI | $830.3k | $26.40 |
| − OpEx | −$311.4k | −$9.90 |
| NOI | $518.9k | $16.50 |
31,450 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$25.83M
$22.60M – $30.14M
NOI $1,808,101 @ 7.0% cap · market cap 30.77%
Second Best
Mixed Use
$7.41M
$6.49M – $8.65M
NOI $518,925 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$34.42M
$30.12M – $40.16M
NOI $2,409,672 @ 7.0% cap · market cap 41.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mill Direct Carpet ...
Furniture & Home Goods
FAQs
What type of property is this?
Mixed-use property - Adaptable mixed-use property with warehouse, retail, and office spaces.
Where is this mixed-use property located?
The property is located at 5520 Military Parkway Dallas, TX.
What is the asking price?
The asking price for this property is $5,875,500.
What are key features of this property?
This property features: Large 31,450 sqft property on 2.286 acres with 3 remodeled buildings; Versatile for warehouse, manufacturing, retail, office, event center; Excellent accessibility with four entrances and five loading dock doors
