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    1120 E NASA Pkwy Houston, TX 77058

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    For Lease
    Contact for pricing

    Quality, affordable office space in a convenient Clear Lake location.

    Type:Office
    Added:
    Apr 22, 2020
    Days on Market:
    2194
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1120 E NASA Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 1120 E NASA Pkwy Contact us

    Suite 614 $24 /Mo

    Size
    253 SF
    Type
    Office
    Interior Office, Access To Shared Waiting Area, Conference Rooms, Huddle Rooms, Coffee...
    show more
    Contact us

    Suite 616 $24 /Mo

    Size
    257 SF
    Type
    Office
    Interior Office With Sidelight and Access To Shared Waiting Area, Conference Rooms,...
    show more
    Contact us

    Suite 622 $27 /Mo

    Size
    339 SF
    Type
    Office
    Fully Furnished Window Office with Access to Shared Waiting Area, Conference Rooms,...
    show more
    Contact us

    Suite 614 $24 /Mo

    Size
    253 SF
    Type
    Office
    Interior Office with sidelight and Access to Shared Waiting Area, Conference Rooms,...
    show more
    Contact us

    Suite 615 $22 /Mo

    Size
    253 SF
    Type
    Office
    Interior Office, Access To Shared Waiting Area, Conference Rooms, Huddle Rooms, Coffee...
    show more
    Contact us

    Suite 624 $32 /Mo

    Size
    292 SF
    Type
    Office
    Fully Furnished Window Office with Access to Shared Waiting Area, Conference Rooms,...
    show more
    Contact us

    Suite 638 $29 /Mo

    Size
    259 SF
    Type
    Office
    Fully Furnished & Decorated Interior Office with Access to Shared Waiting Area, Conference...
    show more
    Contact us

    Suite 220I $19 /Mo

    Size
    407 SF
    Type
    Office
    Large 1 Room Office With Free Conference Room Time
    Contact us

    Suite 450 $20 /Mo

    Size
    2,451 SF
    Type
    Office
    Reception Area, 1 Window Office, 2 Interior Offices, Break Area, File Or Storage...
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    Contact us

    Suite 602 $27 /Mo

    Size
    317 SF
    Type
    Office
    Fully Furnished Interior Office, with Storage Closet. Includes Access To Shared Waiting...
    show more
    Contact us

    Suite 460 $19 /Mo

    Size
    1,191 SF
    Type
    Office
    Reception area with wood flooring, 2 Window Offices, Bullpen, Workroom & Storage
    Contact us

    Suite 220F $22 /Mo

    Size
    240 SF
    Type
    Office
    Window Office
    Contact us

    Suite 220V $19 /Mo

    Size
    191 SF
    Type
    Office
    1 Interior Office W/Sidelight
    Contact us

    Suite 400 $19 /Mo

    Size
    3,612 SF
    Type
    Office
    Reception, 8 window offices, 2 interior offices and kitchenette.
    Contact us

    Suite 632 $31 /Mo

    Size
    271 SF
    Type
    Office
    Fully Furnished and Beautifully Decorated Window Office With Access To Shared Waiting...
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    Contact us

    Suite 220N $21 /Mo

    Size
    346 SF
    Type
    Office
    large window office
    Contact us

    Suite 101 $23 /Mo

    Size
    836 SF
    Type
    Office
    Reception Area, 1 Window Office, 2 Interior Offices.nMonthly Rentt$1329.24
    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

    1120 Nasa Parkway offers a professional office environment featuring a lush atrium lobby. The building provides quality, affordable office space, with many suites offering views of the atrium lobby. On-site property maintenance and management are available. The property also features ample parking, security cameras and video surveillance, and overnight mail drop boxes. The location is in Clear Lake, just off of I-45 and Nasa Road 1, close 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

    Stefanie Martinez CPA ... Business Development Service Bianchini Kevin J ... Physician Tammy Zwarst, MA, ... Family Counselor Henn Donna Psychotherapist Trevino Insurance Services Insurance Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.102523
    Latitude
    29.544966

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    FAQs

    What type of property is this?
    Office building - Quality, affordable office space in a convenient Clear Lake location.
    Where is this office building located?
    The property is located at 1120 E NASA Pkwy Houston, TX.
    What are key features of this property?
    This property features: Convenient location near I‑45, NASA Road 1, Johnson Space Center, Baybrook Mall, and Clear Lake Regional Medical Center.; Affordable office space with **atrium lobby views**.; On‑site property maintenance and management.
    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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