Remodeled Commercial Property with
5530 Military Parkway Dallas, TX 75227
For Sale
$1,200,000
Remodeled 6,250 sq ft commercial property ideal for various uses.
Property Size6,250 SF
Price / SF$192
Days on Market100
Property Features for 5530 Military Parkway
General Information
Standard status
Active
Size
6,250 SF
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 29 at 1:29PM
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
Investment Insights
Based on property information with market context.
This fully remodeled commercial property offers 6,250 square feet of versatile space. Currently operating as an event center, the building is suitable for various uses, including warehouse, manufacturing, retail, and office suites. The property features a private office with an en-suite restroom and shower, two additional public restrooms, and a code-compliant fire suppression sprinkler system. It is fully climate-controlled and includes a loading dock door. Ample parking is available within a fully fenced lot, and the property has convenient entrances from Military Parkway. The PD 323 Zoning allows for a variety of approved uses. Located just 5 minutes from I-30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45, this property offers convenient access to major transportation routes. The owner is open to financing, presenting an opportunity for owner-users or investors looking to capitalize on Dallas' thriving commercial market.
Key Highlights
- Versatile 6,250 sq. ft. remodeled commercial property suitable for event center, warehouse, manufacturing, retail, office suites, etc.
- PD 323 Zoning offers a variety of approved uses for owner‑users or investors.
- Convenient location: 5 minutes from I‑30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45.
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 | $56.3k | $9.00 |
| − Vacancy | −$5.3k | −$0.86 |
| EGI | $50.9k | $8.15 |
| − OpEx | −$7.6k | −$1.22 |
| NOI | $43.3k | $6.92 |
6,250 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$618.1K
$540.9K – $721.2K
NOI $43,270 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.84M
$5.99M – $7.98M
NOI $478,870 @ 7.0% cap · market cap 39.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Wedding venue - Remodeled 6,250 sq ft commercial property ideal for various uses.
Where is this wedding venue located?
The property is located at 5530 Military Parkway 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 6,250 sq. ft. remodeled commercial property suitable for event center, warehouse, manufacturing, retail, office suites, etc.; PD 323 Zoning offers a variety of approved uses for owner‑users or investors.; Convenient location: 5 minutes from I‑30, 10 minutes from downtown Dallas, and 15 minutes from Interstates 35E, 75, and 45.
