Fully Remodeled Flex and Warehouse
5530 Military Parkway Dallas, TX 75227
5530 Military Parkway, Dallas, TX, 75227
$1,200,000
For Sale
$1,200,000
SINGLE_FAMILY - Dallas, TX
Property Size6,250 SF
Lot Size0.02 Acres
Price / SF$192
Days on Market253
Property Features for 5530 Military Parkway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Gated, Parking Lot
- 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
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 Checked: Jul 18 at 10:06 pm
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 6,250 sq. ft. commercial building operating as an event center
- Fully climate‑controlled with central heating and central air
- Brick construction with concrete flooring and a flat roof
Local Financial Insights For Retail
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 | $150.8k | $24.12 |
| − Vacancy | −$7.1k | −$1.13 |
| EGI | $143.7k | $22.99 |
| − OpEx | −$43.1k | −$6.90 |
| NOI | $100.6k | $16.09 |
6,250 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,565 @ 7.0% cap · market cap 8.38%
Second Best
Flex RnD
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 4.57%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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: 6,250 sq. ft. commercial building operating as an event center; Fully climate‑controlled with central heating and central air; Brick construction with concrete flooring and a flat roof
