1120 Nasa PkwyHouston, TX 77058

Property Details for 1120 Nasa Pkwy

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.64 AC

Property size (Sq ft)

84,960 SF

Property type

Office buildings

APN

402110010052

APU

402110010052

Description

1120 NASA Parkway offers 15,561 square feet of vacant office space in a six-story, 79,629 square foot building. Built in 1976 and renovated in 2002, this Houston property features multiple tenancy options ranging from 134 to 8,447 contiguous square feet. Amenities include a lush atrium lobby, on-site property management and maintenance, ample parking (324 spaces), security cameras and video surveillance, and overnight mail drop boxes. The building boasts elevators and is conveniently located in Clear Lake, near I-45, NASA Road 1, the Johnson Space Center, Baybrook Mall, and Clear Lake Regional Medical Center. The property's diverse suite sizes cater to various business needs, from small executive offices to larger coworking spaces or medical offices. This prime location in the Clear Lake / NASA, South Beltway 8, Southeast Houston submarket offers excellent accessibility and visibility. The building's modern updates and convenient amenities create a professional and efficient work environment. This is an exceptional opportunity to secure office space in a well-maintained and strategically located building.

• CAP approach

  CAP return

  Valuation

  6%

  $17,399,950

  6.5%

  $16,061,491

  7%

  $14,914,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,557,877

  Geo Method

  $25,436,174

• Alternative Use

  Use

  Valuation

  Residential

  $19,916,250

  Hospitality

  $18,243,178

  Educational

  $15,178,109

  Medical

  $15,700,108

  Retail

  $23,610,392

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.545

Longitude

-95.1025

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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