Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    902 Gemini St Houston, TX 77058

    • Warehouses
    • 52,056 SF
    • 2.94 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    $855,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2100910
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SAIC / Engineering Consultant

    Property Details for 902 Gemini St

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    2.94 lot acres
    Property size
    52,056 SF
    Property type
    Warehouses
    APN
    963040000003
    APU
    963040000003

    Description

    This exceptional industrial property, located at 902-930 Gemini St, Houston, TX 77058, offers 140,024 square feet of versatile warehouse and flex space. Currently, 80,843 square feet are available for lease, with individual units ranging from 4,535 to 22,230 square feet. The property sits on a 2.94-acre lot and boasts a prime location in Clear Lake, ideally situated between Downtown Houston and Galveston. This strategic position provides convenient access to major transportation arteries, including I-45 South, and proximity to key employment centers such as NASA Johnson Space Center, Ellington and Hobby Airports, and HCA Clear Lake Medical Center, as well as the Bayport Container Terminal. The Gemini Business Park features a variety of loading options including dock-high, semi-dock, and grade-level access. Units are climate-controlled, fully sprinklered, and benefit from all concrete paved parking and truck courts. This multi-tenant property presents a unique opportunity for businesses seeking flexible and strategically located warehouse or flex space in Houston's thriving aerospace and medical sectors. The property's size and amenities make it suitable for a variety of industrial and logistical operations. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,044,000
      Market price range: $727k - $2.29M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1185
    Latitude
    29.5505
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,994
    $1,282,490
    $1,863,988
    $3,146,478
    -
    $1,282,490
    $1,863,988
    $3,146,478

    Comparable in this City

    • Value Estimation
      $200,000
      21,412 SF

      1100 Hercules Ave

      WAREHOUSE, STORAGE • 21,412 SF
      1100 Hercules Ave, Houston, TX 77058-2720
      View Details
    • Value Estimation
      $595,000
      51,816 SF

      920 Gemini St

      WAREHOUSE, STORAGE • 51,816 SF
      920 Gemini St, Houston, TX 77058-2704
      View Details
    • Value Estimation
      $440,000
      16,006 SF

      15200 Middlebrook Dr

      WAREHOUSE, STORAGE • 16,006 SF
      15200 Middlebrook Dr, Houston, TX 77058-1216
      View Details
    • Value Estimation
      $350,000
      3,600 SF

      1230 Gemini St

      WAREHOUSE, STORAGE • 3,600 SF
      1230 Gemini St, Houston, TX 77058
      View Details
    • Value Estimation
      $350,000
      11,880 SF

      16834 Titan Dr

      WAREHOUSE, STORAGE • 11,880 SF
      16834 Titan Dr, Houston, TX 77058-2620
      View Details
    • Value Estimation
      $240,000
      4,910 SF

      1231 Spc Park Dr

      WAREHOUSE, STORAGE • 4,910 SF
      1231 Spc Park Dr, Houston, TX 77058-2160
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,525 SF

      Houston Industrial Property For Sale

      6,525 SF industrial property available in Houston, Texas.
      17515 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing
      102 SF

      Nassau Bay Office Space Available

      102,000 SF office space available for lease, to be built.
      18051 Saturn Ln, Houston, TX 77058
      View Details
    • $3,000,000
      17,250 SF

      Houston Office Building For Sale

      Single-story office building near NASA, suitable for SBA loan.
      16850 Diana Ln, Houston, TX 77058
      View Details
    • $199,000

      Waterfront Condo Near Kemah Boardwalk

      2-bedroom condo with waterfront views and resort-style amenities.
      18809 Egret Bay Blvd, Webster, TX 77058
      View Details
    • $123,000

      Gated Community 2-Bedroom Unit

      Well-maintained 2-bedroom unit in a desirable gated community.
      18617 Egret Bay Blvd, Webster, TX 77058
      View Details
    • $114,900

      Waterfront Condo with Community Amenities

      Well-maintained condo in Clear Lake with pools and boat launch.
      18515 Egret Bay Blvd, Webster, TX 77058
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,166 SF

      Houston Flex Warehouse Space

      8 Units Available, 80,166 SF Total
      1100 Hercules Ave, Houston, TX 77058
      View Details
    • Contact for pricing
      58,276 SF

      Houston Flex Space For Lease

      Available flex spaces in Houston's aerospace and medical sectors.
      902-930 Gemini St, Houston, TX 77058
      View Details
    • $9 SF/Yr
      140,024 SF

      Houston Industrial Warehouse Space

      Flex & Warehouse Space Available in Clear Lake
      902 Gemini St, Houston, TX 77058
      View Details
    • $18 SF/Yr
      7,880 SF

      Renovated Office Space Available

      Multi-tenant office buildings in the NASA/Bay Area submarket.
      17625 El Camino Real, Webster, TX 77058
      View Details
    • $15 SF/Yr
      9,520 SF

      Office Space For Lease

      Office space available for lease in Houston, Texas.
      940 Gemini Ave, Houston, TX 77058
      View Details
    • Contact for pricing
      40,214 SF

      Houston Medical Office Building

      Prime Medical Office Space Available in Houston, TX
      1045 Gemini St, Houston, TX 77058
      View Details
    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.
    902 Gemini St
    Houston, TX 77058
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.