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    1110 Nasa Pkwy Houston, TX 77058

    Sponsored
    For Lease
    $18 SF/Yr

    Houston office suites, 144-3268 sq ft

    Lot size:
    57,981 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This six-story, 57,981-square-foot Class C office building at 1110 E NASA Parkway in Houston, TX 77058 offers multiple tenancy options. Built in 1975 and renovated in 1996, the property boasts 10,918 square feet of immediately available space, divisible into units as small as 144 square feet and up to a contiguous 3,268 square feet. The building features a desirable location in the Clear Lake/NASA submarket, providing easy access to I-45, NASA Road 1, the Johnson Space Center, Baybrook Mall, and Clear Lake Regional Medical Center. Amenities include 153 parking spaces, elevators, on-site property management and maintenance, security cameras, and video surveillance. Many suites offer atrium views. The building is one of three office buildings situated near the bay, making it an ideal location for various businesses. This property presents a unique opportunity for businesses seeking quality, affordable office space in a convenient and well-connected location. The minimum leasable space is 144 square feet, while the maximum contiguous space available is 3,268 square feet.

    Property Features for 1110 Nasa Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,981 SF
    Class
    C
    Total Rate
    87937.85

    Building Details

    Year Built/Renovated
    1975/1996
    Buildings
    1
    Stories
    6

    Spaces For Lease

    at 1110 Nasa Pkwy, Houston, TX 77058 Contact us
    Unit Suite 545G

    $21 /Mo

    Size
    245 SF
    Contact us
    Unit Suite 110

    $20 /Mo

    Size
    476 SF
    Contact us
    Unit Suite 306

    $19 /Mo

    Size
    403 SF
    Contact us
    Unit Suite 204

    $18 /Mo

    Size
    3,142 SF
    Contact us
    Unit Suite 440

    $19 /Mo

    Size
    498 SF
    Contact us
    Unit Suite 510

    $18 /Mo

    Size
    457 SF
    Contact us
    Unit Suite 545T

    $22 /Mo

    Size
    288 SF
    Contact us
    Unit Suite 545U

    $20 /Mo

    Size
    396 SF
    Contact us
    Unit Suite 102

    $20 /Mo

    Size
    1,124 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Trey Miller

    Learn more

    Property Insight Report

    HighLights

    • Impressive atrium lobby.
    • Secure building access with 24‑hour key card system.
    • 24‑hour security with badge access.
    • Comprehensive security system including cameras, video surveillance, and exterior lighting.
    • On‑site property management.
    • On‑site maintenance staff.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tino Digital Agency (Bike/Boat/Book/etc) Store Clear Creek Psychiatry Physician Texas Psychology Services, ... Medical Clinic Gulf Coast Neuropsychology, ... Crisis Center Conquer & Thrive Counseling ... Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.103386694896
    Latitude
    29.545722993038

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    FAQs

    What type of property is this?
    Office Property / Space - Houston office suites, 144-3268 sq ft
    Where is this office property / space located?
    The property is located at 1110 Nasa Pkwy Houston, TX.
    What is the lease rate?
    The lease rate is $18-$22 SF/Yr.
    What are key features of this property?
    This property features: Impressive atrium lobby.; Secure building access with 24-hour key card system.; 24-hour security with badge access.
    Request Owner's contact information
    1110 Nasa Pkwy Houston, TX 77058
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    Houston, TX 77058
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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
    1110 Nasa Pkwy Houston, TX 77058
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    Trey Miller
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