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    1300 Bay Area Blvd Houston, TX 77058

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    For Lease
    Contact for pricing

    Recently renovated office building in Clear Lake area.

    Type:Office
    Added:
    Apr 22, 2020
    Days on Market:
    2192
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1300 Bay Area Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 1300 Bay Area Blvd Contact us

    Suite B150-24 $29 /Mo

    Size
    274 SF
    Type
    Office
    Window office includes shared waiting areas, 2 conference rooms, 2 huddle rooms,...
    show more
    Contact us

    Suite B236 $28 /Mo

    Size
    375 SF
    Type
    Office
    Private reception area and window office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite B150-05 $25 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B150-25 $23 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B205 $19 /Mo

    Size
    920 SF
    Type
    Office
    1 window office, Bullpen with sink.
    Contact us

    Suite B150-33 $28 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B225.WS $21 /Mo

    Size
    3,213 SF
    Type
    Office
    Private reception area and 6 Window Offices, 4 Interior Offices. Includes shared...
    show more
    Contact us

    Suite B150-27 $28 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B228 $28 /Mo

    Size
    513 SF
    Type
    Office
    Private reception area and fully furnished & decorated window office. Includes shared...
    show more
    Contact us

    Suite: B150-21 $29 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B234 $25 /Mo

    Size
    382 SF
    Type
    Office
    Private reception area and window office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite B150-29 $22 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B220 $17 /Mo

    Size
    3,294 SF
    Type
    Office
    2 window offices, 1 corner window office, large bullpen with windows, & training...
    show more
    Contact us

    Suite B150-18 $23 /Mo

    Size
    274 SF
    Type
    Office
    Window office includes shared waiting areas, 2 conference rooms, 2 huddle rooms,...
    show more
    Contact us

    Suite B150-28 $23 /Mo

    Size
    412 SF
    Type
    Office
    Window office includes shared waiting areas, 2 conference rooms, 2 huddle rooms,...
    show more
    Contact us

    Suite B150-07 $22 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office includes shared waiting areas, 2 conference rooms, 2 huddle rooms,...
    show more
    Contact us

    Suite B235 $22 /Mo

    Size
    198 SF
    Type
    Office
    Interior Office with Sidelight includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite B150-01 $19 /Mo

    Size
    461 SF
    Type
    Office
    Interior Office with sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B150-22 $21 /Mo

    Size
    274 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B233 $21 /Mo

    Size
    202 SF
    Type
    Office
    Interior Office with Sidelight includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite B150-19 $24 /Mo

    Size
    189 SF
    Type
    Office
    Interior Office with Sidelight. Includes shared waiting areas, 2 conference rooms,...
    show more
    Contact us

    Suite B150-34 $26 /Mo

    Size
    189 SF
    Type
    Office
    Window office includes shared waiting areas, 2 conference rooms, 2 huddle rooms,...
    show more
    Contact us

    Suite B232 $25 /Mo

    Size
    382 SF
    Type
    Office
    Private reception area and window office. Includes shared conference rooms, huddle...
    show more
    Contact us

    Suite B256 $21 /Mo

    Size
    147 SF
    Type
    Office
    1 window office, 1 entrance
    Contact us

    Suite B231 $26 /Mo

    Size
    202 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Trey Miller

    Listing agent Trey Miller License #TX

    Listing office Boxer Property

    Listing date Apr 22, 2020

    Source Crexi

    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 Boxer Property

    Overview

    Professional Office Space Available

    The property at 1300 Bay Area Blvd offers a professional office environment featuring a recently renovated exterior and an extravagant lobby. The building provides quality office space with many suites offering views of the beautifully landscaped exterior. On-site property maintenance is available. Ample parking is provided. Security is enhanced with cameras and video surveillance. The location in Clear Lake, just off I-45 and NASA Road 1, offers convenient access to the Johnson Space Center (NASA), Baybrook Mall, and Clear Lake Regional Medical Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Debbie Grammas, Ph.D. Psychotherapist Victory Therapy Services, ... Marriage Or Relationship Counselor Louise Ribeiro Presley, ... Psychotherapist All EDI Marketing & Advertising Charles Kingsbury Law ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -95.1152603
    Latitude
    29.5598677

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    FAQs

    What type of property is this?
    Office building - Recently renovated office building in Clear Lake area.
    Where is this office building located?
    The property is located at 1300 Bay Area Blvd Houston, TX.
    What are key features of this property?
    This property features: Recently renovated exterior with extravagant lobby; Convenient location near I‑45, NASA Road 1, Johnson Space Center (NASA), Baybrook Mall, and Clear Lake Regional Medical Center; On‑site property maintenance
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Trey Miller
    Real Estate License ID: TX
    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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