Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Shannon PKWY SW Union City, GA 30291

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Level, wooded commercial land suitable for development near major amenities.

    Type:Land
    Lot size:
    2.75 Acres
    Added:
    Jul 14, 2023
    Days on Market:
    1021
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 0 Shannon PKWY SW

    General Information

    Standard status
    Active
    Lot size
    2.75 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Denine Attride

    Listing agent Denine Attride License #260153

    Listing office Berkshire Hathaway HomeServices Georgia Properties

    Listing date Jul 14, 2023

    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 Berkshire Hathaway HomeServices Georgia Properties

    Overview

    Commercial Parcel Ready for Development

    This commercial parcel, representing three lots, is level and wooded. The property measures 200 feet by 600 feet and is located on the corner of Shannon Parkway and Shannon Boulevard. It is ready for development and is served by Marta. The location offers close proximity to a Super Walmart and Atlanta Metro Studios.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Union City
    County
    Fulton
    State
    Georgia
    Longitude
    -84.540672
    Latitude
    33.583305

    Nearby Similar for Sale

    • $177,000

      Union City Land Opportunity

      Two parcels totaling 6.4 acres in Union City, GA.
      0 Lower Dixie Lake Rd, Union City, GA 30291
      View Details
    • $980,000
      12,014 SF

      Dollar General Investment Opportunity

      NNN leased Dollar General with investment grade credit.
      6641 Roosevelt Hwy, Union City, GA 30291
      View Details
    • $162,627,000

      Union City Commercial Land Opportunity

      Large 542-acre commercial land parcel in Union City, Georgia.
      5455 Campbellton Fairburn Road, Union City, GA 30291
      View Details
    • $385,000

      Union City Duplex Investment Opportunity

      Cash-flowing duplex in Union City, 100% occupied, strong income.
      6504 Buffington Road, Union City, GA 30291
      View Details
    • $350,000

      Residential Land in South Fulton

      20.6 acres for single-family home development in South Fulton.
      Buffington Road #REAR, South Fulton, GA 30291
      View Details
    • $385,000

      Union City Duplex Investment Property

      Cash-flowing duplex in Union City, 100% occupied, strong income.
      6504 Buffington Road, Union City, GA 30291
      View Details
    • $5,455,900

      Union City DriveTime Investment

      NNN leased DriveTime on 4.72 acres near I-85.
      4295 Jonesboro Rd, Union City, GA 30291
      View Details
    • $980,000
      12,014 SF

      Dollar General Investment Opportunity

      Dollar General property for sale, publicly traded company.
      6641 Roosevelt Hwy, Union City, GA 30291
      View Details
    • $6,100,000
      40 SF

      Land in Union City, GA

      Land available in Union City, Fulton County, with all utilities.
      Union City, GA 30291
      View Details
    • $30,000

      I-85 Commercial Land Opportunity

      Unimproved commercial land along I-85, minutes from downtown Atlanta.
      I-85, Union City, GA 30291
      View Details
    • $30,000

      Commercial Land Along I-85

      Unimproved commercial land near downtown Atlanta with I-85 frontage.
      I 85, Union City, GA 30291
      View Details
    • $250,000
      1,300 SF

      Union City Retail Investment Opportunity

      Recently renovated retail property in rapidly growing Union City area.
      5037 Union St, Union City, GA 30291
      View Details

    FAQs

    What type of property is this?
    Commercial land - Level, wooded commercial land suitable for development near major amenities.
    Where is this commercial land located?
    The property is located at 0 Shannon PKWY SW Union City, GA.
    What is the asking price?
    The asking price for this property is $605,000.
    What are key features of this property?
    This property features: Ready for Development; Corner Lot: **200' by 600' on Shannon Parkway and Shannon Boulevard**; Commercial Parcel Representing 3 Lots
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Denine Attride
    Real Estate License ID: 260153
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!