Office Building for
For Sale
$639,000
208 S Cottonwood Drive 300, Richardson, TX 75080
Office property offered for sale at 208 S Cottonwood Drive in Richardson, TX.
Property Size1,976 SF
Days on Market24
Property Features for 208 S Cottonwood Drive 300
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$9,598
Building Details
Building Size
1,976 SF
Year Built
1968
Listing Agency:
TCRE
(214) 718-1817
Listed By:
George Tanghongs · License #445363
Source:
Nilesrealtygroup
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 11 at 12:54PM
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 TCRE
Investment Insights
Based on property information with market context.
This listing presents an office building/office space offering for sale under the broader commercial real estate category. The available property types include office buildings and office spaces, providing flexibility in how the space can be approached within an office-use context.
The property is located at 208 S Cottonwood Drive 300 in Richardson, TX 75080. For buyers or tenant-represented searches, it offers a straightforward, address-specific office asset available for purchase.
The property is located at 208 S Cottonwood Drive 300 in Richardson, TX 75080. For buyers or tenant-represented searches, it offers a straightforward, address-specific office asset available for purchase.
Key Highlights
- Office property for sale at 208 S Cottonwood Drive in Richardson, TX
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,265
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,300
$585.3K
Cap Rate 7%
$418,071
$418.1K
Cap Rate 9%
$325,167
$325.2K
Market Conditions
NOI Build-Up for 1,976 SF
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.
Gross rent
$52.2K $26.40/SF
− Vacancy
−$13.1K −$6.65/SF
EGI
$39.0K $19.75/SF
− OpEx
−$9.8K −$4.94/SF
NOI
$29.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,300
Cap Rate 7%
$418,071
Cap Rate 9%
$325,167
Alternative Uses
Best Use
Office B
$418.1K
$365.8K – $487.8K
NOI $29,265 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $41,999 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 75080, TX
53,633
Population
19,971
Households
2.7
Avg Household Size
30
Median Age
57%
College-Educated
93%
High-School Grad
11.3 sq mi
ZIP Area
4,746
Density / Sq Mi
$89,773
Median Household Income
$42,004
Median Earnings
$1,817
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property offered for sale at 208 S Cottonwood Drive in Richardson, TX.
Where is this office building located?
The property is located at 208 S Cottonwood Drive 300 Richardson, TX.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Office property for sale at 208 S Cottonwood Drive in Richardson, TX; Built in 1968
