0 Koenig Ln Shenandoah, TX 77384
This exceptional 42-acre commercial land parcel presents a unique investment opportunity in Conroe, Texas, a rapidly growing city boasting approximately 60% growth over the past decade. Strategically located off Koenig Road and FM 1488, this property enjoys convenient access to IH 45 and 1488. All essential public utilities—water, sewer, electricity, gas, and cable—are readily available on-site. The land is fully zoned for residential development by the City of Conroe, with completed infrastructure including a sanitary sewer main trunk line, two detention ponds, and drainage channels. Access points are available from Koenig Road and Pine Acres Road. Situated within the Conroe Independent School District, this property avoids Municipal Utility District (MUD) incorporation, resulting in significantly lower property taxes compared to adjacent developed land. The site is served by substantial 8-inch water and sewer lines, capable of supporting up to 172 residential lots. Conceptual plans indicate a potential yield of approximately 126-129 residential lots, incorporating all necessary detention and landscaping per City of Conroe specifications. The property is zoned for Bush Elementary, McCullough Junior High, and The Woodlands High School. The FEMA flood zone designation is "X" in Montgomery County, TX.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.