Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    229 Ibis Street Webster, TX 77598

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    Newly constructed office building in NASA Bypass Business Park.

    Type:Office
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 26 at 1:15 am

    Property Features for 229 Ibis Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 229 Ibis Street Contact us

    We can help!

    Listing Contact
    Jason C. Kieschnick
    Jason C. Kieschnick

    Listing agent Jason C. Kieschnick License #TX #512911

    Listing office Zann Commercial Brokerage

    Listing date Mar 5, 2026

    Source Zann

    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 Zann Commercial Brokerage

    Overview

    New Clear Lake Office Building

    This newly constructed, free-standing building is situated in the heart of Clear Lake at the NASA Bypass Business Park. The property, previously occupied by a training and development center, is suitable for various office and retail applications. The building features a reception area, 8 offices, 4 restrooms, a file room, a break area, and a large assembly or meeting room. Located in Webster, the site offers convenient access to the Gulf Freeway (Interstate 45), Highway 3, NASA Parkway, and other major roadways in the area. The listing broker can provide additional details and arrange tours.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Harris
    State
    Texas
    Longitude
    -95.1252
    Latitude
    29.5384

    Nearby Similar for Lease

    • Contact for pricing

      Full-Service Car Wash for Lease

      Car wash with detailing and membership options near NASA Parkway.
      810 E Nasa Parkway, Webster, TX 77598
      View Details
    • $15/mo

      Clear Lake Flex Space Available

      3,266 SF flex space in the heart of Clear Lake.
      402 West Nasa Road 1, Webster, TX 77598
      View Details
    • $18/mo

      Webster Pointe Retail Center For Lease

      Newly renovated retail center near major employers and high-traffic location.
      17926 Highway 3, Webster, TX 77598
      View Details
    • $24/mo

      Professional Office Space in Webster

      Professional office space in Clear Lake Medical Center.
      202 North Texas Avenue, Webster, TX 77598
      View Details
    • $17/mo

      Clear Lake Retail/Office Space

      Retail, office, and medical spaces available in Clear Lake.
      16912-17080 Highway 3, Webster, TX 77598
      View Details
    • $23/mo

      Retail Plaza Near Space Center

      Retail spaces with high visibility and convenient highway access.
      505 E. Nasa Pkwy, Webster, TX 77598
      View Details
    • $19/mo

      Class A Office Space Available

      High-quality office space near Clear Lake Medical Center and NASA.
      455 East Medical Center Boulevard, Webster, TX
      View Details
    • Contact for pricing

      Class A Office Building

      Premier office space in Clear Lake near Gulf Freeway.
      455 East Medical Center Boulevard, Webster, TX 77598
      View Details
    • $26/mo

      Renovated Medical Office Space

      2,000 SF renovated medical office space for lease.
      560 Blossom St, Webster, TX
      View Details
    • $28/mo

      Class A Office Space Available

      Premier Class A office building in Clear Lake marketplace.
      17225 El Camino Real, Webster, TX
      View Details
    • Contact for pricing

      Class-A Medical Office Space

      Class-A medical office space built in 2024, available for lease.
      750 North Texas Avenue, Webster, TX 77598
      View Details
    • Contact for pricing

      Medical Office Space Near UTMB

      Class A medical office building on UTMB Health Clear Lake campus.
      250 Blossom Street, Webster, TX, 77598
      View Details

    FAQs

    What type of property is this?
    Office building - Newly constructed office building in NASA Bypass Business Park.
    Where is this office building located?
    The property is located at 229 Ibis Street Webster, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Newly constructed building (2023); Located in the heart of Clear Lake at the NASA Bypass Business Park; Excellent access to Gulf Freeway (I‑45), Highway 3, and NASA Parkway
    (832) 915-1827
    We can help!
    Listing Contact
    Jason C. Kieschnick
    Jason C. Kieschnick
    Real Estate License ID: TX #512911
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!