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    1331 Gemini St Houston, TX 77058
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    Property profile & analytics

    1331 Gemini St Houston, TX 77058

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    • Office buildings
    • 61,866 SF
    • 4.28 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Office Space Available For Rent For Lease
    $21 SF/Yr
    3,300 SF

    Office Space Available For Rent

    Office space available for rent in Houston, TX.

    1331 Gemini St, Houston, TX
    View Listing
    Property ID
    US82-0238460
    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.
    Value Estimations
    $1,255,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bryan Sweeney / Physician / Medical Clinic
    • Vertex Energy, Inc. / Green Energy Supplier / Corporate Office
    • S&K Global Solutions, LLC / Corporate Office / Factory
    • Global Trax-One, Inc. / Security Service
    • Sheri Schneidman Corning / Physician / Medical Clinic

    Property Details for 1331 Gemini St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    4.28 lot acres
    Property size
    61,866 SF
    Property type
    Office buildings
    APN
    1004600000034
    APU
    1004600000034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,737,000
      Market price range: $866k - $5.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1138
    Latitude
    29.5581
    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
    2022
    $52,029
    $1,864,190
    $2,967,451
    $4,831,641
    -
    $1,864,190
    $2,967,451
    $4,831,641

    Comparable in this City

    • Value Estimation
      $675,000
      12,734 SF

      1120 Bay Area Blvd

      OFFICE BUILDING • 12,734 SF
      1120 Bay Area Blvd, Houston, TX 77058-2502
      View Details
    • Value Estimation
      $2,730,000
      142,900 SF

      2625 Bay Area Blvd, Unit 740

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 142,900 SF
      2625 Bay Area Blvd, Houston, TX 77058-1523
      View Details
    • Value Estimation
      $7,865,000
      404,441 SF

      3700 Bay Area Blvd, Unit 990

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 404,441 SF
      3700 Bay Area Blvd, Houston, TX 77058-1160
      View Details
    • Value Estimation
      $675,000
      14,896 SF

      16441 Spc Ctr Blvd

      OFFICE BUILDING • 14,896 SF
      16441 Spc Ctr Blvd, Houston, TX 77058-2015
      View Details
    • Value Estimation
      $1,685,000
      134,874 SF

      1322 Spc Park Dr

      OFFICE BUILDING • 134,874 SF
      1322 Spc Park Dr, Houston, TX 77058-3400
      View Details
    • Value Estimation by Request
      7,880 SF

      17222 Mercury Dr, Unit 1

      OFFICE BUILDING • 7,880 SF
      17222 Mercury Dr, Houston, TX 77058-2734
      View Details

    Similar Nearby for Sale

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      17,250 SF

      Houston Office Building For Sale

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      Nassau Bay Office Space Available

      102,000 SF office space available for lease, to be built.
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    • $2,500,000

      Clear Lake Professional Office Building

      Two-story office building with flexible space and strong cashflow.
      17041 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing

      Clear Lake Professional Office Building

      Two-story office building in Clear Lake submarket, Houston.
      17041 El Camino Real, Houston, TX 77058
      View Details
    • $6,500,000

      Office Building with Upside Potential

      Office building suitable for single user or corporate campus.
      2222 Bay Area Blvd, Houston, TX 77058
      View Details
    • Contact for pricing
      65,818 SF

      Stabilized Office Investment Opportunity

      Investment grade tenancy in a 65,818 SF office building.
      2222 Bay Area Blvd, Houston, TX 77058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office Space Near NASA

      68,107 SF available near NASA Space Center.
      18505 Saturn Ln, Houston, TX 77058
      View Details
    • Contact for pricing

      Clear Lake City Office Building

      Four-story office building in Clear Lake City available for lease.
      16902 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing

      Professional Office Space Available

      Professional office building with atrium lobby in Clear Lake.
      1100 E Nasa Pkwy, Houston, TX 77058
      View Details
    • Contact for pricing

      Professional Office Space Available

      Recently renovated office building in Clear Lake area.
      1300 Bay Area Blvd, Houston, TX 77058
      View Details
    • $13 SF/Yr
      1,842 SF

      El Camino Real Office Building

      Well-maintained office building near NASA and Baybrook Mall.
      17041 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing
      163,076 SF

      Clear Lake Class A Office

      Class A office building with attached retail in Clear Lake.
      2625 Bay Area Blvd, Houston, TX 77058
      View Details
    View Listing
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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
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