Remodeled Multi-Building Mixed-Use
For Sale
$5,875,500
5520 Military Pkwy, Dallas, TX 75227
Three climate-controlled buildings combine warehouse, manufacturing, retail, office, and event-oriented space within a fenced Dallas commercial site.
Property Size31,450 SF
Lot Size2.29 Acres
Price / SF$186.82
Days on Market48
Property Features for 5520 Military Pkwy
General Information
Standard status
Active
Size
31,450 SF
Lot size
2.29 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
5
Sprinkler System
Yes
Conditioned Warehouse
Yes
Amenities
climate-controlled
restrooms in every suite
loading dock doors
fully fenced lot
Building Details
Year Built
1962
Buildings
3
Listing Agency:
The Michael Group Real Estate
Listed By:
Charles Horton · License #0546099
(469) 363-0209
Source:
Minteerteam
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 5:29PM
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
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Investment Insights
Based on property information with market context.
This mixed-use property contains 31,450 square feet across three remodeled buildings: a 20,000-square-foot primary structure, a 6,250-square-foot building, and a 5,200-square-foot building. The current configuration supports warehouse operations, furniture manufacturing, retail activity, office suites, and an event center venue. Climate control extends throughout the property, while restrooms serve every suite and a city-required fire suppression sprinkler system is installed.
The 2.2860-acre site includes a fully fenced lot with ample parking, four entrances from Military Parkway, one entrance from Parkdale Road, and five loading dock doors. The property is approximately five minutes from I-30, ten minutes from Downtown Dallas, and fifteen minutes from Interstates 35E, 75, and 45. Its multiple buildings and suites provide room for varied occupancy or operational arrangements.
The 2.2860-acre site includes a fully fenced lot with ample parking, four entrances from Military Parkway, one entrance from Parkdale Road, and five loading dock doors. The property is approximately five minutes from I-30, ten minutes from Downtown Dallas, and fifteen minutes from Interstates 35E, 75, and 45. Its multiple buildings and suites provide room for varied occupancy or operational arrangements.
Key Highlights
- 31,450 sqft across three buildings measuring 20,000, 6,250, and 5,200 sq feet
- 2.2860‑acre fully fenced commercial site with ample parking
- All three buildings have been remodeled and updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$518,925
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,378,500
$10.4M
Cap Rate 7%
$7,413,214
$7.4M
Cap Rate 9%
$5,765,833
$5.8M
Market Conditions
NOI Build-Up for 31,450 SF
Gross rent
$943.5K $30.00/SF
− Vacancy
−$113.2K −$3.60/SF
EGI
$830.3K $26.40/SF
− OpEx
−$311.4K −$9.90/SF
NOI
$518.9K $16.50/SF
Area
ZIP 75227
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,378,500
Cap Rate 7%
$7,413,214
Cap Rate 9%
$5,765,833
Alternative Uses
Best Use
Mixed Use
$7.41M
$6.49M – $8.65M
NOI $518,925 @ 7.0% cap · market cap 8.83%
Second Best
Retail
$7.23M
$6.33M – $8.43M
NOI $506,045 @ 7.0% cap · market cap 8.61%
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 authorities.
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Current Use
Lease Details
5
Dock-high doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three climate-controlled buildings combine warehouse, manufacturing, retail, office, and event-oriented space within a fenced Dallas commercial site.
Where is this mixed-use property located?
The property is located at 5520 Military Pkwy 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: 31,450 sqft across three buildings measuring 20,000, 6,250, and 5,200 sq feet; 2.2860‑acre fully fenced commercial site with ample parking; All three buildings have been remodeled and updated
