Flex Space with Detached
18702 HWY 62 S, Orange, TX 77632
For Sale
$475,000
Orange, TX
Property Size1,440 SF
Lot Size0.46 Acres
Price / SF$329.86
Days on Market116
Property Features for 18702 HWY 62 S
General Information
Property type
Property subtype
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Amenities
kitchen/break area
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Southeast Texas 1st Realty
(409) 242-8836
Listed By:
Katherine L Cleveland
(409) 860-3170
Added: Jul 18
Changed: Oct 30
Last Checked: Nov 10 at 12:06AM
MLS# 268629
Copyright © 2026 Beaumont Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property combines a well-maintained office building with a separate metal shop on approximately 0.46 acres. The office layout includes four private offices, two restrooms, and a kitchen/break area. The detached shop measures 60' x 40' and has four overhead doors for equipment access, storage, fleet maintenance, or warehouse functions. Tile flooring, central air, and electric heating support the office improvements.
Located at 18702 HWY 62 S in Orange, Texas, the property offers highway frontage and convenient access. The combination of enclosed workspace, shop capacity, and yard area supports a range of contractor, service, automotive, and light industrial uses described for the property.
Located at 18702 HWY 62 S in Orange, Texas, the property offers highway frontage and convenient access. The combination of enclosed workspace, shop capacity, and yard area supports a range of contractor, service, automotive, and light industrial uses described for the property.
Key Highlights
- Separate 60' x 40' metal shop with four overhead doors
- Office building includes four private offices, two restrooms, and a kitchen/break area
- Approximately 0.46 acres with office, shop, and yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,680
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,600
$333.6K
Cap Rate 7%
$238,286
$238.3K
Cap Rate 9%
$185,333
$185.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$6.3K −$4.36/SF
EGI
$22.2K $15.44/SF
− OpEx
−$5.6K −$3.86/SF
NOI
$16.7K $11.58/SF
Area
Orange County, TX
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,600
Cap Rate 7%
$238,286
Cap Rate 9%
$185,333
Alternative Uses
Best Use
Office B
$238.3K
$208.5K – $278.0K
NOI $16,680 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$204.4K
$178.9K – $238.5K
NOI $14,310 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77632, TX
22,487
Population
9,568
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
130.5 sq mi
ZIP Area
172
Density / Sq Mi
$82,828
Median Household Income
$50,807
Median Earnings
$1,037
Median Rent
$184,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements provide a practical setup for service, contractor, and light industrial operations.
Where is this flex space located?
The property is located at 18702 HWY 62 S Orange, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Separate 60' x 40' metal shop with four overhead doors; Office building includes four private offices, two restrooms, and a kitchen/break area; Approximately 0.46 acres with office, shop, and yard space
