Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Property with Shop/Office Title is generated by Realmo AI

    7715 Shadow Lane, Conroe, TX 77304

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $769,900

    Home and business potential near Lake Conroe.

    Type:Land or Vacant Lot
    Property size:
    3,308 SF
    Lot size:
    1.58 Acres
    Price / SF:
    $232/SF
    Added:
    Nov 11, 2025
    Days on Market:
    186
    Last Refresh:
    Apr 5 at 9:48 pm

    Property Features for 7715 Shadow Lane

    General Information

    Standard status
    Active
    Size
    3,308 SF
    Lot size
    1.58 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    RADY PENDLETON

    Listing agent RADY PENDLETON License #0133706

    Listing office REALTY ASSOCIATES

    Listing date Nov 11, 2025

    Source Corcoran

    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 REALTY ASSOCIATES

    HighLights

    • Unrestricted property, ideal for home business, with no POA/HOA fees.
    • 3‑bay shop/office with half bath, ample parking, and electric garage door openers.
    • Water well and septic system.
    • Recent upgrades including roof, gutters, and A/C unit.
    • Master bathroom features a LARGE jacuzzi tub and a recent all‑glass/tile shower with seat and rain heads.
    • Two garages with separate workspaces and A/C units.

    Overview

    This unrestricted property is ideal for a home business. It features a water well and septic system and has never flooded. The property includes a three-bay shop/office with a half bath, ample parking, and electric garage door openers. Recent upgrades include a new roof, gutters, and A/C unit. The home features a back entry leading to a mudroom, utility room, and half bath, which opens into a breakfast room with a fireplace and kitchen area. There are two entries to the den and front foyer. Recent patio doors with enclosed blinds lead to a covered porch and flagstone patio. A formal living room or fourth bedroom includes a Jack and Jill bathroom. The master bedroom features walk-in closets, a large jacuzzi tub, and vanity. The recent all-glass/tile shower includes a seat and both regular and waist-level rain heads. Upstairs, there are two bedrooms, a bath, and a game room/sitting area. The property includes two dog runs, one cemented and one grassed, both with utilities. A greenhouse is attached behind the house garage. The perimeter is fenced and has utilities. Both garages have separate workspaces with A/C units. The property is located outside Conroe city limits and is close to Lake Conroe Marina. The property size is 3308 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $498.4K
    NOI $44,855 @ 9.00% cap · cautious / downside scenario
    Moderate
    $640.8K
    NOI $44,855 @ 7.00% cap · market / base-case scenario
    Aggressive
    $897.1K
    NOI $44,855 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $67.9k $20.52
    − Vacancy −$3.8k −$1.15
    EGI $64.1k $19.37
    − OpEx −$19.2k −$5.81
    NOI $44.9k $13.56
    3,308 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $640.8K
    $560.7K – $747.6K (±1% cap)
    NOI $44,855 @ 7.0% cap · market cap 5.83%
    Second Best
    Office B
    $554.0K
    $484.8K – $646.4K (±1% cap)
    NOI $38,781 @ 7.0% cap · market cap 5.04%
    Theoretical Best
    Specialty Retail
    $835.1K
    $730.7K – $974.3K (±1% cap)
    NOI $58,458 @ 7.0% cap · market cap 7.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Building Supply Pharmacy Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5517
    Latitude
    30.321

    Nearby Similar for Sale

    • $599,500

      Conroe Car Wash Business Opportunity

      Car wash business for sale in high-growth Conroe, Texas.
      1110 League Line Road, Conroe, TX 77303
      View Details
    • $574,999
      2,165 SF

      Commercial Property Near Woodlands Parkway

      2,165 sqft property on 0.39 acres near major highways.
      27226 Robinson Rd, Conroe, TX 77385
      View Details
    • $985,000
      12,811 SF

      Conroe Commercial Property on Hwy 105

      Versatile commercial property with warehouse, office, and expansion potential.
      2751 E Davis, Conroe, TX
      View Details
    • $1,999,999

      Unrestricted Land in Conroe, Texas

      19.35 acres suitable for self-storage or industrial development.
      0 North Porter Road, Conroe, TX 77301
      View Details
    • $895,000
      6,818 SF

      Renovated Office Building in Conroe

      Fully renovated office building in Downtown Conroe, completed in 2025.
      729 N Frazier Street, Conroe, TX
      View Details
    • $574,999
      2,165 SF

      Retail Opportunity Near Woodlands Parkway

      2,165 SF property near I-45 and Woodlands Parkway.
      27226 Robinson Rd, Conroe, TX 77385
      View Details
    • $465,000

      Unrestricted Property with Barn and Garage

      Six-acre unrestricted property featuring a ranch home, barn, and garage.
      10905 Rose Royal Dr, Conroe, TX 77303
      View Details
    • $615,000

      Unrestricted Land in High-Growth Corridor

      2.56-acre tract ideal for custom homestead or commercial business.
      16010 FM 3083, Conroe, TX 77302
      View Details
    • $350,000

      Prime Unrestricted Land in Conroe

      1.02 acres of unrestricted land with frontage on FM 1484.
      10929 FM 1484 Rd, Conroe, TX 77303
      View Details
    • $997,500
      4,484 SF

      Conroe Office Building on I-45

      Office building with frontage on I-45 in Conroe, Texas.
      3989 N Interstate 45 N, Conroe, TX
      View Details
    • Contact for pricing
      6,864 SF

      Restaurant Site on Interstate 45

      Conroe, Texas restaurant property with high visibility on I-45.
      2050 Interstate 45 N, Conroe (Houston MSA), TX 77301
      View Details
    • $350,000

      Private Retreat on Wooded Acreage

      Charming cottage on 4.229 acres with multiple structures.
      14016 Calhoun, Conroe, TX 77302
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Home and business potential near Lake Conroe.
    Where is this mixed-use property located?
    The property is located at 7715 Shadow Lane Conroe, TX.
    What is the asking price?
    The asking price for this property is $769,900.
    What are key features of this property?
    This property features: Unrestricted property, ideal for home business, with no POA/HOA fees.; 3‑bay shop/office with half bath, ample parking, and electric garage door openers.; Water well and septic system.
    (713) 464-5656
    We can help!
    Listing Contact
    RADY PENDLETON
    Real Estate License ID: 0133706
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7715 Shadow Lane, Conroe, TX 77304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!