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    Modern Office Building with Courtyard Title is generated by Realmo AI

    1150 Gemini St, Houston, TX 77058

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    Renovated office space with flexible layout, controlled access, and convenient highway connectivity for professional tenants.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:22 am

    Property Features for 1150 Gemini St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Properties For Sale

    at 1150 Gemini St Contact us

    We can help!

    Listing Contact
    Kevin Nolan

    Listing agent Kevin Nolan

    Listing office Moody Rambin

    Listing date Jun 2, 2026

    Source Moodyrambin

    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 Moody Rambin

    HighLights

    • Renovated in 2007 office/commercial space at 1150 Gemini St (year built 1983)
    • Direct access to I‑45 via Nasa Road 1 Flyover
    • Approximately 1 mile from Johnson Space Center
    • Controlled access with on‑site property manager
    • 24‑hour access and courtyard food service on site
    • Ample parking and high‑visibility signage opportunities

    Overview

    This modern office property was renovated in 2007 and is offered with a flexible layout designed to support a range of business needs. The building includes ample parking and a controlled-access setting, with a courtyard and food service on-site. Operationally, it offers 24-hour access, and a property manager is on-site to support daily management. For a quicker move-in, furniture is also available.

    The property has direct access to I-45 via the Nasa Road 1 Flyover. It is located approximately one mile from Johnson Space Center, placing it in close proximity to a major employment hub. High-visibility signage opportunities are available, supporting branding and roadside presence.

    With its combination of professional environment, highway access, and on-site management, this offering is well suited for office users that value operational flexibility and easy customer or employee access. Tenants and buyers looking for a turn-ready option should also consider the 24-hour access feature and the availability of food service within the courtyard setting.
    Location Intelligence

    Current Use by Public Records

    Universal Weather and Aviation, ... Aviation Consultant Bay Area Houston ... Association / Organization Universal Private Transport Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.1135823
    Latitude
    29.5557183

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    FAQs

    What type of property is this?
    Office building - Renovated office space with flexible layout, controlled access, and convenient highway connectivity for professional tenants.
    Where is this office building located?
    The property is located at 1150 Gemini St Houston, TX.
    What are key features of this property?
    This property features: Renovated in 2007 office/commercial space at 1150 Gemini St (year built 1983); Direct access to I‑45 via Nasa Road 1 Flyover; Approximately 1 mile from Johnson Space Center
    (713) 773-5572
    We can help!
    Listing Contact
    Kevin Nolan
    Learn More
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    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
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