Divisible Office Building
3205 Talon Drive Richardson, TX 75082
3205 Talon Drive, Richardson, TX, 75082
$1,650,000
For Sale
$1,650,000
SINGLE_FAMILY - Richardson, TX
Property Size5,003 SF
Lot Size6.41 Acres
Price / SF$329.80
Days on Market17
Property Features for 3205 Talon Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- StoneVeneer, Stucco
- Roof type
- Metal
Listing Agency
Compass RE Texas, LLC
(214) 814-8100
Dallas, TX
Listed by
Fahri Olgundeney · License #0687864
(214) 814-8100
Added: Jul 2 Checked: Jul 18 at 1:06 pm
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 well-maintained office property totals 5,003 square feet and is well suited for investors or owner-users seeking a flexible footprint. The space features four exterior doors, enabling creative, dividable options for different business needs. On-site common plaza amenities include a reservable conference room, as well as a gym with shower and lockers, supporting both day-to-day use and tenant experience.
The property is positioned near the George Bush Turnpike and Highway 75 intersection, offering easy access and strong visibility. It sits directly across from Methodist Hospital, placing it in a high-traffic, professional presence area.
With its adaptability and visibility, the building can fit a range of office users looking for convenient access and multiple entry points. It also presents an opportunity for a 1031 exchange or direct investment in a thriving commercial district.
The property is positioned near the George Bush Turnpike and Highway 75 intersection, offering easy access and strong visibility. It sits directly across from Methodist Hospital, placing it in a high-traffic, professional presence area.
With its adaptability and visibility, the building can fit a range of office users looking for convenient access and multiple entry points. It also presents an opportunity for a 1031 exchange or direct investment in a thriving commercial district.
Key Highlights
- 5,003 sq. ft. office building built in 2005 with stone veneer and stucco exterior
- Central heating and central air, plus a metal roof
- Public water and public sewer
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.1k | $26.40 |
| − Vacancy | −$33.3k | −$6.65 |
| EGI | $98.8k | $19.75 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $74.1k | $14.81 |
5,003 SF · lease $26.40/SF/yr · vacancy 25.20% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Advantage Tickets
Event Planning
Metropark Builders
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office space with multiple exterior entries and flexible configuration options for owner-users or investors.
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 sq. ft. office building built in 2005 with stone veneer and stucco exterior; Central heating and central air, plus a metal roof; Public water and public sewer
