Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Richardson Office For Sale Title is generated by Realmo AI

    208 S Cottonwood Drive, Richardson, TX 75080

    View on Map
    Claim this Listing
    For Sale
    $639,000

    SINGLE_FAMILY - Richardson, TX

    Type:Office
    Lot size:
    0.35 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 208 S Cottonwood Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    42C61000000030000
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Description
    COTTONWOOD OFFICE CONDOS BLK 5 PT LOT 21 & PT
    Tax Annual Amount
    9598

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Concrete

    We can help!

    Listing Contact
    George Tanghongs
    George Tanghongs

    Listing agent George Tanghongs License #0445363

    Listing office TCRE Plano, TX

    Listing date Feb 18, 2026

    MLS# 21035688

    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

    • Durable construction with brick and concrete materials.
    • Features central heating system.
    • Central air conditioning for year‑round comfort.
    • Built in 1968.
    • Located at latitude 32.94952.
    • Located at longitude -96.76673.

    Overview

    Located in Richardson, Texas, this office property is available for sale. The lot size is approximately 0.35 acres. The property is located in Dallas County.
    Location Intelligence

    Current Use by Public Records

    Clint Hibbard: Allstate ... Insurance Agency Dallas Inplant Cosmetic Dental Office A Better Approach Medical Clinic McConnel, Dr. Ronald ... Dental Office

    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
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.766733
    Latitude
    32.94952

    Nearby Similar for Sale

    • $1,650,000

      Divisible Office Building Investment

      Well-maintained office space with multiple exterior entries and flexible configuration options for owner-users or investors.
      3205 Talon Drive, Richardson, TX 75082
      View Details
    • $1,749,000

      Freestanding Office Building in Richardson

      Two-story office building suitable for various business uses.
      901 Waterfall Way, Richardson, TX 75080
      View Details
    • $785,000

      Updated Duplex with Shared Carport

      An updated duplex with two 3-bed, 2-bath units, rear shared driveway, and outdoor patio space for each home.
      308 Towne House Lane, Richardson, TX 75081
      View Details
    • $2,800,000

      Church and Fellowship Hall Facility

      Well-maintained house of worship with an ADA-ready layout, commercial kitchen, and fellowship space for events and school use.
      1000 Centennial Boulevard, Richardson, TX 75081
      View Details
    • $650,000

      Updated Full Duplex

      Remodeled full duplex with 6 bedrooms and 4.5 baths, separate two-car garages, and stable, easy-to-manage tenants.
      2134 Trellis Place, Richardson, TX 75081
      View Details
    • $620,000

      Duplex Townhome-Style Residences

      Spacious 3-bedroom duplex units with attached two-car garages, fenced yards, vaulted ceilings, and private laundry connections.
      100 Trellis Place, Richardson, TX 75081
      View Details
    • $74,500
      1,206 SF

      Richardson Office Suite For Sale

      Professional office suite in a thriving Richardson business corridor.
      375 Municipal Drive, Richardson, TX 75080
      View Details
    • $11,276,000
      51,542 SF

      Richardson Retail Portfolio For Sale

      Multi-tenant retail centers and freestanding buildings in Richardson, Texas.
      900 E Belt Line Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      91,381 SF

      Richardson Office Building For Sale

      Class B+ office building in a high-demand submarket.
      2100 Lakeside Blvd, Richardson, TX 75082
      View Details
    • $74,500
      1,206 SF

      Richardson Office Unit For Sale

      Office unit available in Richardson, Texas, with 1206 square feet.
      375 Municipal Drive 240, Richardson, TX 75080
      View Details
    • $650,000
      3,222 SF

      Richardson Duplex with Fenced Yards

      Full duplex in Richardson with updated interiors and private yards.
      2134 Trellis Place, Richardson, TX 75081
      View Details
    • $675,000
      4,113 SF

      Spacious Office with Ample Parking

      Bright office space with easy highway access and covered parking.
      1001 Hampshire Lane, Richardson, TX 75080
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for sale in Richardson, Texas.
    Where is this office building located?
    The property is located at 208 S Cottonwood Drive 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: Durable construction with brick and concrete materials.; Features central heating system.; Central air conditioning for year‑round comfort.
    (214) 718-1817
    We can help!
    Listing Contact
    George Tanghongs
    George Tanghongs
    Real Estate License ID: 0445363
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    208 S Cottonwood Drive, Richardson, TX 75080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!