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    6740 Shannon Pkwy Union City, GA 30291

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    For Lease
    Contact for pricing

    Union City Office Space: 800-57,000 SF

    Lot size:
    27,400 SF

    Property Features for 6740 Shannon Pkwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,400 SF
    Total Rate
    29683.33

    Building Details

    Stories
    2

    Spaces For Lease

    at 6740 Shannon Pkwy, Union City, GA 30291 Contact us
    Unit Suite 23 & 24

    $13 /Mo

    Size
    2,400 SF
    Contact us
    Unit Available Space 5

    $13 /Mo

    Size
    1,500 SF
    Contact us

    We can help!

    Listing Contact
    Craig Habif
    Craig Habif

    Listing Agency: Habif Properties LLC Listing Agent: Craig Habif

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story retail and office plaza, located at 6740 Shannon Parkway in Union City, Georgia (zip code 30291), offers a prime opportunity for businesses seeking flexible and versatile space. The property boasts a total of 27,400 square feet, with a significant 57,000 square feet currently vacant and available for lease. Multiple tenancy options are available, catering to a range of business needs. Units are divisible to a minimum of 800 square feet, allowing for smaller businesses to establish a presence, while larger contiguous spaces of up to 57,000 square feet are also available for those requiring expansive accommodations. The building's design accommodates various office styles, including executive, traditional, and creative office spaces, as well as retail uses, as evidenced by its previous tenant, a hair salon. Its strategic location offers unparalleled convenience, situated at a side entrance to a Super Wal-Mart, ensuring high visibility and accessibility for both employees and customers. This presents a unique chance to secure a prominent location within a thriving commercial area. The property's versatility, ample space options, and prime location make it an ideal choice for a variety of businesses seeking to establish or expand their operations in Union City, Georgia.
    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
    -84.5384778
    Latitude
    33.5716003

    Nearby Similar for Lease

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      3,896 SF

      Union City Office with Storage

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    • Contact for pricing
      25,500 SF

      Union City Retail Space Available

      Retail space in Union City near major retailers and airport.
      6851 Shannon Pkwy, Union City, GA 30291
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    • $33 SF/Yr
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      Shannon Square: Creative Office Space

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      Majestic Airport Center III: Phase II

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    FAQs

    What type of property is this?
    Office space - Union City Office Space: 800-57,000 SF
    Where is this office space located?
    The property is located at 6740 Shannon Pkwy Union City, GA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High visibility from Shannon Parkway.; Strong adult population of 82,250 within a 5-mile radius.; Convenient I-85 access via Jonesboro Rd/ Hwy 138 exit.
    (404) 419-3500 Call to check price and availability
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    Union City, GA 30291
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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
    6740 Shannon Pkwy Union City, GA 30291
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Craig Habif
    Craig Habif
    Real Estate License ID: 297693
    (404) 419-3500
    Learn more
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