Configurable Office
3205 Talon Drive, Richardson, TX 75082
For Sale
$1,650,000
CommercialSale, Richardson, TX
Property Size5,003 SF
Lot Size6.41 Acres
Price / SF$329.80
Days on Market135
Property Features for 3205 Talon Drive
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
gym with shower and lockers
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Compass RE Texas, LLC
Listed By:
Fahri Olgundeney · License TX #0687864
(214) 814-8100
Added: Jul 2
Changed: Nov 10
Last Checked: Nov 13 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this 5,003-square-foot office property has four exterior doors and can be arranged into separate configurations. Interior finishes include carpet, vinyl, and tile, with central heating and air conditioning. The building has a metal roof and stone veneer and stucco exterior materials.
Shared plaza facilities include a conference room available by reservation, plus a gym with showers and lockers. The property sits across from Methodist Hospital and near the George Bush Turnpike and Highway 75 intersection.
Shared plaza facilities include a conference room available by reservation, plus a gym with showers and lockers. The property sits across from Methodist Hospital and near the George Bush Turnpike and Highway 75 intersection.
Key Highlights
- 5,003 square feet of office space
- Four exterior doors allow for multiple configurations
- Shared conference room available by reservation
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
$473,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Dallas County, TX
Properties on Market for Office Units in Dallas County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four outside entrances support a range of office layouts within the property.
Where is this office unit 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 square feet of office space; Four exterior doors allow for multiple configurations; Shared conference room available by reservation
