Union City Retail Investment
For Sale
Contact for pricing
5037 Union St, Union City, GA 30291
Recently renovated retail property in rapidly growing Union City area.
Property Size1,300 SF
Price / SF$192.31
Days on Market173
Property Features for 5037 Union St
General Information
Standard status
Active
Size
1,300 SF
Class
B
Property subtype
Retail
Zoning
M1
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$15,061
Building Details
Year Built
1900
Year Renovated
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
DTSpade
(404) 585-0558
Listed By:
Cordera Mitchell · License #392060
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 5 at 11:45AM
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 DTSpade
Investment Insights
Based on property information with market context.
This recently renovated retail property is located in downtown Union City, next to City Hall and approximately 10 minutes from the airport. Situated on a strip near a park and a few minutes from a Wal-Mart, the property benefits from a location within a rapidly growing area. The surrounding area has a population exceeding 100,000 within a 5-mile radius and over 350,000 within a 10-mile radius. The property is suitable for passive investment. The property size is 1300 square feet.
Key Highlights
- High population density with over 100,000 residents within 5 miles indicating strong market potential.
- Located in a rapidly growing area.
- Reliable long‑lasting tenant in place.
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
$16,686
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
6.67%
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%
$333,720
$333.7K
Cap Rate 7%
$238,371
$238.4K
Cap Rate 9%
$185,400
$185.4K
Market Conditions
NOI Build-Up for 1,300 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
$25.0K $19.20/SF
− Vacancy
−$1.1K −$0.86/SF
EGI
$23.8K $18.34/SF
− OpEx
−$7.2K −$5.50/SF
NOI
$16.7K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
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%
$333,720
Cap Rate 7%
$238,371
Cap Rate 9%
$185,400
Alternative Uses
Best Use
Retail
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.4K
$318.0K – $424.0K
NOI $25,438 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,874 visits/mo
0.4 miles
AutoZone
Shops & Services
4,646 visits/mo
0.4 miles
Demographics for 30291, GA
25,339
Population
11,434
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
2,346
Density / Sq Mi
$46,208
Median Household Income
$40,246
Median Earnings
$1,237
Median Rent
$190,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail property in rapidly growing Union City area.
Where is this retail space located?
The property is located at 5037 Union St Union City, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High population density with over 100,000 residents within 5 miles indicating strong market potential.; Located in a rapidly growing area.; Reliable long‑lasting tenant in place.
