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    Fully Remodeled Flex and Warehouse Facility Title is generated by Realmo AI

    5530 Military Parkway, Dallas, TX 75227

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    Claim this Listing
    For Sale
    $1,200,000

    SINGLE_FAMILY - Dallas, TX

    Type:Retail
    Property size:
    6,250 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $192/SF
    Added:
    Nov 7, 2025
    Days on Market:
    208
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 5530 Military Parkway

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot, Gated
    Standard status
    Active
    APN
    00000434896000200
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Description
    BLK 5802 TR 20.2 ACS 0.0237 CALC
    Tax Annual Amount
    24

    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
    Flat

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate Dallas, TX

    Listing date Nov 7, 2025

    MLS# 20785376

    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.

    HighLights

    • Fully remodeled 6,250 SF commercial building built in 1962 with brick construction and flat roof
    • Currently operating as an event center with flexible use for warehouse, manufacturing, retail, and office suites (PD 323 zoning)
    • Private office with en‑suite restroom and shower plus two additional public restrooms
    • Code‑compliant fire suppression sprinkler system and fully climate‑controlled interior with central heat and central air
    • Loading dock door and gated, fully fenced lot with parking lot parking and convenient entrances from Military Parkway
    • Utilities: public water and public sewer; about 5 minutes to I‑30 and 10 minutes to downtown Dallas

    Overview

    This fully remodeled flex and warehouse property totals 6,250 square feet and is currently operating as an event center, showcasing a layout that can support a range of commercial activity. The building includes a private office with an en-suite restroom and shower, plus two additional public restrooms. A code-compliant fire suppression sprinkler system is in place, and the property is fully climate-controlled. A loading dock door and ample parking are provided within a fully fenced lot.

    Convenient access is available from Military Parkway, with entrances serving the site. The asset is positioned for regional connectivity, with I-30 about five minutes away, downtown Dallas about 10 minutes away, and Interstates 35E, 75, and 45 about 15 minutes away.

    With PD 323 zoning offering a variety of approved uses, the building is a practical fit for owner-users and investors seeking flexibility beyond a single specialty. The combination of office amenities, multiple restroom facilities, and a functional loading dock can support operations such as warehouse or manufacturing activities, as well as retail or office-suite configurations. The owner is also open to financing, creating an accessible path for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.724864
    Latitude
    32.780938

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    FAQs

    What type of property is this?
    Flex space - Fully climate-controlled flex building with loading dock, private office, and sprinkler system, suited for multiple commercial uses.
    Where is this flex space 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: Fully remodeled 6,250 SF commercial building built in 1962 with brick construction and flat roof; Currently operating as an event center with flexible use for warehouse, manufacturing, retail, and office suites (PD 323 zoning); Private office with en‑suite restroom and shower plus two additional public restrooms
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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