Divisible Office
For Sale
$1,650,000
3205 Talon Drive, Richardson, TX 75082
CommercialSale, Richardson, TX
Property Size5,003 SF
Lot Size6.41 Acres
Price / SF$329.80
Days on Market99
Property Features for 3205 Talon Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
IM 2
Subdivision
Renner Professional Plaza Condo
Directions
See GPS
Standard status
Active
APN
R913600000701
Lot size
6.41 Acres
Taxes and HOA fees
Tax Description
RENNER PROFESSIONAL PLAZA CONDOMINIUMS (CRC),
Tax Annual Amount
16498
Legal Description
RENNER PROFESSIONAL PLAZA CONDOMINIUMS (CRC),
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
reservable conference room
gym with shower and lockers
Building Details
Year built
2005
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Tile, Carpet
Building materials
StoneVeneer, Stucco
Roof type
Metal
Listing Agency:
Compass RE Texas, LLC
(214) 814-8100
Listed By:
Fahri Olgundeney · License #0687864
(469) 805-7067
Added: Jul 2
Changed: Sep 16
Last Checked: Oct 8 at 12:06AM
MLS# 21181704
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 5,003-square-foot office property was built in 2005 and offers a layout that can be divided into multiple configurations. Four exterior doors support separate access arrangements. Interior finishes include carpet, tile, and vinyl flooring, with central heating and central air. The building features stone veneer and stucco construction, a metal roof, public water, and public sewer.
The property is in Richardson near the George Bush Turnpike and Highway 75 intersection, with Methodist Hospital directly across from the site. Shared plaza amenities include a reservable conference room, gym, shower, and lockers. The office setting and adaptable configuration support a range of professional occupancy arrangements.
The property is in Richardson near the George Bush Turnpike and Highway 75 intersection, with Methodist Hospital directly across from the site. Shared plaza amenities include a reservable conference room, gym, shower, and lockers. The office setting and adaptable configuration support a range of professional occupancy arrangements.
Key Highlights
- 5,003 SF office property built in 2005
- Four exterior doors support divisible space configurations
- Shared plaza amenities include a reservable conference room and gym
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,096
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,481,920
$1.5M
Cap Rate 7%
$1,058,514
$1.1M
Cap Rate 9%
$823,289
$823.3K
Market Conditions
NOI Build-Up for 5,003 SF
Gross rent
$132.1K $26.40/SF
− Vacancy
−$33.3K −$6.65/SF
EGI
$98.8K $19.75/SF
− OpEx
−$24.7K −$4.94/SF
NOI
$74.1K $14.81/SF
Area
Richardson, TX
Vacancy
25.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,481,920
Cap Rate 7%
$1,058,514
Cap Rate 9%
$823,289
Alternative Uses
Best Use
Office B
$1.06M
$926.2K – $1.23M
NOI $74,096 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,336 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 75082, TX
28,063
Population
13,194
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
97%
High-School Grad
8.2 sq mi
ZIP Area
3,422
Density / Sq Mi
$107,720
Median Household Income
$60,909
Median Earnings
$1,883
Median Rent
$473,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with multiple exterior access points and shared conference, fitness, shower, and locker amenities.
Where is this office units located?
The property is located at 3205 Talon Drive Richardson, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,003 SF office property built in 2005; Four exterior doors support divisible space configurations; Shared plaza amenities include a reservable conference room and gym
