Multibuilding Flex and Warehouse
5520 Military Parkway Dallas, TX 75227
5520 Military Parkway, Dallas, TX, 75227
$5,875,500
For Sale
$5,875,500
COMMERCIAL - Dallas, TX
Property Size31,450 SF
Lot Size2.29 Acres
Price / SF$186.82
Days on Market256
Property Features for 5520 Military Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Gated, Parking Lot
- Standard status
- Active
- APN
- 00000434893000000
- Size
- 31,450 SF
- Lot size
- 2.29 Acres
Taxes and HOA fees
- Tax Description
- BLK 5802 TR 15 ACS 2.2862
- Tax Annual Amount
- 16063
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, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
The Michael Group Real Estate
(817) 577-9000
Dallas, TX
Listed by
Charles Horton · License #0546099
(214) 692-6400
Added: Nov 7, 2025 Updated: Jun 8 at 6:36 pm Checked: Jul 21 at 12:06 am
MLS# 20783458
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.
Investment Insights
Based on property information with market context.
A renovated multibuilding commercial campus totaling 31,450 square feet across three well-maintained buildings on 2.286 acres. The property offers flexible interior configurations, with updates throughout and a climate-controlled environment. Each suite includes restrooms, and a city-required fire suppression sprinkler system is already in place. The facility is also designed for operational needs, featuring ample parking within a fully fenced lot and five loading dock doors to support shipping, receiving, and tenant logistics. Current usage includes warehouse space, furniture manufacturing, retail, office suites, and an event center venue, giving the buildings a proven track record for adaptable commercial use.
Access is built in from multiple directions, with four entrances on Military Parkway and one on Parkdale Road. The site is positioned for connectivity, with convenient drive times to major regional routes, including I-30, Downtown Dallas, and Interstates 35E, 75, and 45.
This property is well-suited for owner-users and investors seeking space that can be leased, subdivided, or expanded across multiple buildings. The mix of warehouse, office, and retail/event-ready space supports a range of business models, while the on-site amenities and existing fire suppression system help reduce upfront improvements for many operators. The owner’s openness to owner financing may also offer additional flexibility for qualified buyers.
Access is built in from multiple directions, with four entrances on Military Parkway and one on Parkdale Road. The site is positioned for connectivity, with convenient drive times to major regional routes, including I-30, Downtown Dallas, and Interstates 35E, 75, and 45.
This property is well-suited for owner-users and investors seeking space that can be leased, subdivided, or expanded across multiple buildings. The mix of warehouse, office, and retail/event-ready space supports a range of business models, while the on-site amenities and existing fire suppression system help reduce upfront improvements for many operators. The owner’s openness to owner financing may also offer additional flexibility for qualified buyers.
Key Highlights
- 31,450‑sqft commercial property on 2.286 acres with 3 buildings: 20,000 SF, 6,250 SF, and 5,200 SF
- Fully climate‑controlled with central heating and central air, plus a city‑required fire suppression sprinkler system
- Five loading dock doors and 5 total entrances: four on Military Parkway and one on Parkdale Road
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 | $471.8k | $15.00 |
| − Vacancy | −$47.2k | −$1.50 |
| EGI | $424.6k | $13.50 |
| − OpEx | −$148.6k | −$4.73 |
| NOI | $276.0k | $8.78 |
31,450 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.94M
$3.45M – $4.60M
NOI $275,974 @ 7.0% cap · market cap 4.70%
Second Best
Warehouse
$3.11M
$2.72M – $3.63M
NOI $217,736 @ 7.0% cap · market cap 3.71%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Renovated, climate-controlled multibuilding campus with multiple access points, parking, and five loading dock doors.
Where is this flex space 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: 31,450‑sqft commercial property on 2.286 acres with 3 buildings: 20,000 SF, 6,250 SF, and 5,200 SF; Fully climate‑controlled with central heating and central air, plus a city‑required fire suppression sprinkler system; Five loading dock doors and 5 total entrances: four on Military Parkway and one on Parkdale Road
