Unrestricted Property with
For Sale
$769,900
7715 Shadow Lane, Conroe, TX 77304
Home and business potential near Lake Conroe.
Property Size3,308 SF
Lot Size1.58 Acres
Price / SF$232.74
Days on Market337
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
Taxes and HOA fees
Annual Taxes
$5,819
Amenities
Central air
gas
Jetted Tub
Wood Burning
Garage
Central Air Cooling
Central Heating
Electric Cooling
Gas Heating
Oversized
Building Details
Year Built
1986
Listing Agency:
REALTY ASSOCIATES
(713) 464-5656
Listed By:
RADY PENDLETON · License #0133706
(832) 277-3132
Source:
Corcoran
Added: Nov 11, 2025
Changed: Sep 14
Last Checked: Oct 12 at 7:21PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,238
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,760
$684.8K
Cap Rate 7%
$489,114
$489.1K
Cap Rate 9%
$380,422
$380.4K
Market Conditions
NOI Build-Up for 3,308 SF
Gross rent
$59.5K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$54.8K $16.56/SF
− OpEx
−$20.5K −$6.21/SF
NOI
$34.2K $10.35/SF
Area
Montgomery County, TX
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,760
Cap Rate 7%
$489,114
Cap Rate 9%
$380,422
Alternative Uses
Best Use
Mixed Use
$489.1K
$428.0K – $570.6K
NOI $34,238 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$835.1K
$730.7K – $974.3K
NOI $58,458 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 77304, TX
35,969
Population
18,462
Households
1.9
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
40.0 sq mi
ZIP Area
899
Density / Sq Mi
$78,574
Median Household Income
$43,314
Median Earnings
$1,397
Median Rent
$324,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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.
