940 Gemini St - Office FOR SALE
Houston, TX 77058 |
940 Gemini St
Houston, TX 77058
HIGHLIGHTS
- Boutique, 38% occupied office building in Clear Lake delivering immediate cash flow and strong upside to occupy or lease remaining vacancies.
- First floor provides 4,760 SF of vacant, move-in-ready space, defined by large windows and a mix of private and collaborative office spaces.
- Positioned on a 0.54-acre hard-corner lot with 32 parking spaces, mature landscaping, and signage visible to over 6,700 daily vehicles.
- Recent upgrades include full electrical panel replacements in 2024 and elastopolymer roof resealing/flashing completed in 2016.
- Strategic location offers direct routes to Downtown Houston (23 miles), Hobby Airport (14 miles), and Galveston (30 miles) via nearby Interstate 45.
- NASA/Clear Lake Office Submarket demonstrates stability, with a 10.2% vacancy rate and $18 million in office transactions recorded last year.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Value-Add Modern Office | 38% Occupied NN
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
9520
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
0.54 AC AC
LAND SF
23,305 SF
ZONING
-
APN/PARCEL ID
0963040010001
