Commercial Land with Existing
For Sale
$299,999
6127 Roosevelt Highway, Union City, GA 30291
GC zoning accommodates diverse commercial uses, including office, retail, restaurant, and automotive-related businesses.
Property Size1,934 SF
Days on Market23
Property Features for 6127 Roosevelt Highway
General Information
Standard status
Active
Size
1,934 SF
Property subtype
Other
Amenities
4.22 acres, Level
Public Sewer
Annual Amount: $12,837, Year: 2025
Central Air
Central
Cumulative Days on Market: 1, First day on market, On Market Date: 2026-08-02
Paved
Built in 1934, Brick
County: Fulton
Fixer
220 Volts, Public
Close Of Escrow
Water body: NONE
Building Details
Building Size
1,934 SF
Year Built
1934
Listing Agency:
Ken Lucas Realty
(404) 989-2761
Listed By:
Ken Lucas
(404) 989-2761
Source:
Blackstreaminternational
Added: Aug 2
Changed: Aug 24
Last Checked: Aug 23 at 4:05AM
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 Ken Lucas Realty
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing brick building that formerly served as an insurance office. The structure has sustained fire damage and is offered in its current AS IS condition, creating a redevelopment, renovation, or adaptive-reuse project along Roosevelt Highway. Interior access is available during due diligence after execution of a waiver.
The property is located in Union City, GA, and carries General Commercial (GC) zoning. The district supports a broad range of commercial activities, including professional and medical offices, financial and insurance services, retail, restaurants, fitness facilities, hotels, general merchandise, automotive-related retail, and building supply businesses. The existing improvements and zoning provide a basis for evaluating multiple commercial redevelopment concepts.
The property is located in Union City, GA, and carries General Commercial (GC) zoning. The district supports a broad range of commercial activities, including professional and medical offices, financial and insurance services, retail, restaurants, fitness facilities, hotels, general merchandise, automotive-related retail, and building supply businesses. The existing improvements and zoning provide a basis for evaluating multiple commercial redevelopment concepts.
Key Highlights
- General Commercial (GC) zoning
- Existing brick building with former insurance office use
- Structure has sustained fire damage and is offered AS IS
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
$25,898
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
8.63%
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%
$517,960
$518.0K
Cap Rate 7%
$369,971
$370.0K
Cap Rate 9%
$287,756
$287.8K
Market Conditions
NOI Build-Up for 1,934 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
$46.2K $23.87/SF
− Vacancy
−$11.6K −$6.02/SF
EGI
$34.5K $17.85/SF
− OpEx
−$8.6K −$4.46/SF
NOI
$25.9K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$517,960
Cap Rate 7%
$369,971
Cap Rate 9%
$287,756
Alternative Uses
Best Use
Office B
$370.0K
$323.7K – $431.6K
NOI $25,898 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.6K
$473.1K – $630.7K
NOI $37,844 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - GC zoning accommodates diverse commercial uses, including office, retail, restaurant, and automotive-related businesses.
Where is this commercial land located?
The property is located at 6127 Roosevelt Highway Union City, GA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: General Commercial (GC) zoning; Existing brick building with former insurance office use; Structure has sustained fire damage and is offered AS IS
