940 Gemini St | Houston, TX 77058
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- LoopNet Team
940 Gemini St
Houston, TX 77058
Value-Add Modern Office | 38% Occupied NN · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Boutique, 38% occupied office building in Clear Lake delivering immediate cash flow and strong upside to occupy or lease remaining vacancies.
- Positioned on a 0.54-acre hard-corner lot with 32 parking spaces, mature landscaping, and signage visible to over 6,700 daily vehicles.
- Strategic location offers direct routes to Downtown Houston (23 miles), Hobby Airport (14 miles), and Galveston (30 miles) via nearby Interstate 45.
- First floor provides 4,760 SF of vacant, move-in-ready space, defined by large windows and a mix of private and collaborative office spaces.
- Recent upgrades include full electrical panel replacements in 2024 and elastopolymer roof resealing/flashing completed in 2016.
- NASA/Clear Lake Office Submarket demonstrates stability, with a 10.2% vacancy rate and $18 million in office transactions recorded last year.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Size
9,520 sq ft
Costar Property Class
C
Year Built
1975
Occupancy Rate
38%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,760 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.41
Total Plot Size
0.54 ac
Parcel Number
0963040010001
Use Class
None
Parking
32 Spaces (3.36 Spaces per 1,000 sq ft Leased)
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