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    6740 Shannon Pkwy Union City, GA 30291

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    For Lease
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    Two-story retail and office spaces available next to Super Wal-Mart.

    Type:Retail, Office
    Property size:
    5,600 SF
    Added:
    Aug 12, 2020
    Days on Market:
    2075
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 6740 Shannon Pkwy

    General Information

    Standard status
    Active
    Size
    5,600 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 6740 Shannon Pkwy Contact us

    Suite 33 $13 /Mo

    Size
    13 SF
    Type
    Retail, Office
    Suite 33- Large open area with 2 bathrooms & kitchenettenn* Retail space for leasen*...
    show more
    Contact us

    Available Space 5 $13 /Mo

    Size
    1,500 SF
    Type
    Retail, Office
    Welcome Entrepreneurs! Thriving City, High Traffic Plaza, Affordable Rent!nnVersatile...
    show more
    Contact us

    Suite 23 & 24 $13 /Mo

    Size
    2,400 SF
    Type
    Retail, Office
    Church Space Available Suite 23 & 24nnOpen Layout with stage, 2 offices and 2 private...
    show more
    Contact us

    We can help!

    Listing Contact
    Craig Habif

    Listing agent Craig Habif License #297693

    Listing office Habif Properties LLC

    Listing date Aug 12, 2020

    Source Crexi

    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 Habif Properties LLC

    Overview

    Retail and Office Plaza Space

    This two-story retail and office plaza is located at the side entrance to the Super Wal-Mart in Union City. Units range in size from 800 to 5,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pink Poles Fitness ... Gym & Fitness Center Nicole Beauty Bar Hair Salon Greenlea Dental Center ... Dental Office Taylor J Greenlea ... Dental Office #1 ATL Defensive ... Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Fulton
    State
    Georgia
    Longitude
    -84.5391526
    Latitude
    33.5715903

    Nearby Similar for Lease

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      Union City Commercial Space Available

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      6397 Shannon Parkway, Union City, GA 30291
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      Union City Office with Storage

      Professional office space with unfinished basement storage in Union City.
      6547 Roosevelt Highway, Union City, GA 30291
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      Retail Space in Union City

      Retail space available for lease in Union City, Georgia.
      6547 Roosevelt, Union City, GA 30291
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      Commercial Space in Union City

      Commercial space available for rent in Union City, Georgia.
      6525 Mall Blvd, Union City, GA 30291
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      Union City Retail Space Available

      Retail space in Union City near major retailers and airport.
      6851 Shannon Pkwy, Union City, GA
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      Retail Center Near I-85 Exit

      100,002 SF center near I-85 and Atlanta Airport.
      4720 Jonesboro Rd, Union City, GA 30291
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    FAQs

    What type of property is this?
    Retail property - Two-story retail and office spaces available next to Super Wal-Mart.
    Where is this retail property located?
    The property is located at 6740 Shannon Pkwy Union City, GA.
    What are key features of this property?
    This property features: Outstanding location at side entrance to Super Wal‑Mart.; Two‑story retail and office plaza.; Units range from 800 to 5,600 sq ft.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Craig Habif
    Real Estate License ID: 297693
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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