Industrial Flex Building on
For Sale
$135,000
2695 N Main, Vidor, TX 77662
Metal building with three roll-up doors on approximately 1.26 acres, with high-visibility road frontage.
Property Size1,040 SF
Lot Size1.26 Acres
Price / SF$129.81
Days on Market73
Property Features for 2695 N Main
General Information
Standard status
Active
Size
1,040 SF
Lot size
1.26 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Construction
metal building
Listing Agency:
RE/MAX ONE - Orange County
Listed By:
Emily Ross · License #9000010
(409) 779-9959
Source:
Exprealty
Added: Jul 4
Changed: Sep 8
Last Checked: Sep 13 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ONE - Orange County
Investment Insights
Based on property information with market context.
This flex/industrial property for sale includes a metal building of approximately 1,040 square feet situated on approximately 1.26 acres. The building is equipped with three roll-up doors for loading and access, and the property previously had electrical service connected. An existing septic system is also on-site, though its condition is unknown.
The site is described as having high visibility and strong road frontage at the busy intersection of N Main St and Evangeline Dr in Vidor. The large lot provides space for equipment, storage, parking, and potential expansion. A billboard frame is also present on the property. The listing notes convenient access to Hwy 12 and I-10, with surrounding commercial businesses nearby.
Any buyer should verify intended use with City Vidor.
The site is described as having high visibility and strong road frontage at the busy intersection of N Main St and Evangeline Dr in Vidor. The large lot provides space for equipment, storage, parking, and potential expansion. A billboard frame is also present on the property. The listing notes convenient access to Hwy 12 and I-10, with surrounding commercial businesses nearby.
Any buyer should verify intended use with City Vidor.
Key Highlights
- Approximately 1.26+ acres of high‑visibility commercial property on N Main St at the Main St & Evangeline Dr intersection in Vidor
- Includes a 1,040 SF metal building with three roll‑up doors
- Large lot for equipment, storage, parking, expansion, or future development
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,700
$206.7K
Cap Rate 7%
$147,643
$147.6K
Cap Rate 9%
$114,833
$114.8K
Market Conditions
NOI Build-Up for 1,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.5K $16.80/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$15.9K $15.29/SF
− OpEx
−$5.6K −$5.35/SF
NOI
$10.3K $9.94/SF
Area
Orange County, TX
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,700
Cap Rate 7%
$147,643
Cap Rate 9%
$114,833
Alternative Uses
Best Use
Flex RnD
$147.6K
$129.2K – $172.3K
NOI $10,335 @ 7.0% cap · market cap 7.66%
Second Best
Industrial
$110.3K
$96.5K – $128.6K
NOI $7,718 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$245.6K
$214.9K – $286.5K
NOI $17,192 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77662, TX
25,462
Population
11,820
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
90%
High-School Grad
139.8 sq mi
ZIP Area
182
Density / Sq Mi
$71,755
Median Household Income
$43,388
Median Earnings
$868
Median Rent
$124,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal building with three roll-up doors on approximately 1.26 acres, with high-visibility road frontage.
Where is this flex space located?
The property is located at 2695 N Main Vidor, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Approximately 1.26+ acres of high‑visibility commercial property on N Main St at the Main St & Evangeline Dr intersection in Vidor; Includes a 1,040 SF metal building with three roll‑up doors; Large lot for equipment, storage, parking, expansion, or future development
