Office Space with Four Exterior
For Sale
$1,650,000
3205 Talon Drive Richardson, Richardson, TX 75082
Well-maintained office space with four exterior doors and shared plaza amenities including a reservable conference room.
Property Size5,003 SF
Price / SF$329.80
Days on Market90
Property Features for 3205 Talon Drive Richardson
General Information
Standard status
Active
Size
5,003 SF
Zoning
IM 2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,498
Building Details
Building Size
5,003 SF
Year Built
2005
Stories
1
Listed By:
Travion Brown
(800) 683-5651
Source:
Jparhouston
Added: Jul 9
Changed: Sep 28
Last Checked: Oct 5 at 4:15PM
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 Travion Brown
Investment Insights
Based on property information with market context.
This well-maintained office space offers approximately 5,003 square feet of flexible layout options. The property features four exterior doors, supporting multiple configuration possibilities, and includes common plaza amenities such as a reservable conference room and a gym with shower and lockers.
The building is located near the George Bush Turnpike and Highway 75 intersection and is situated directly across from Methodist Hospital. This combination of access and professional presence is well suited for office users seeking a convenient, visibility-oriented setting.
As a for-sale offering, it is also presented as an option for a 1031 exchange or direct investment, with the exterior-door arrangement designed to support divided use within the space.
The building is located near the George Bush Turnpike and Highway 75 intersection and is situated directly across from Methodist Hospital. This combination of access and professional presence is well suited for office users seeking a convenient, visibility-oriented setting.
As a for-sale offering, it is also presented as an option for a 1031 exchange or direct investment, with the exterior-door arrangement designed to support divided use within the space.
Key Highlights
- Well‑maintained 5,003 SF office space built in 2005
- Four exterior doors for flexible, dividable configurations
- Shared plaza amenities include a reservable conference room
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office space with four exterior doors and shared plaza amenities including a reservable conference room.
Where is this office building located?
The property is located at 3205 Talon Drive Richardson 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: Well‑maintained 5,003 SF office space built in 2005; Four exterior doors for flexible, dividable configurations; Shared plaza amenities include a reservable conference room
