Unrestricted Property with
7715 Shadow Lane Conroe, TX 77304
7715 Shadow Lane, Conroe, TX, 77304
$769,900
For Sale
$769,900
Home and business potential near Lake Conroe.
Property Size3,308 SF
Lot Size1.58 Acres
Price / SF$232.74
Days on Market251
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
Listing Agency
REALTY ASSOCIATES
(713) 464-5656
Listed by
RADY PENDLETON · License #0133706
Source
Corcoran
Added: Nov 11, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 19 at 4:50 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Retail
$640.8K
$560.7K – $747.6K
NOI $44,855 @ 7.0% cap · market cap 5.83%
Second Best
Office B
$554.0K
$484.8K – $646.4K
NOI $38,781 @ 7.0% cap · market cap 5.04%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
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.
