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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3950 Jonesboro Rd Union City, GA 30291-2258

    • Automotive properties
    • 30,013 SF
    • 7.72 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    $9,200,000
    Value Estimations
    $9,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0572847
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Union City Chrysler Dodge Jeep Ram Fiat Service Center / Auto Repair Shop
    • Union City Chrysler Dodge Jeep RAM Fiat / Car Dealership / Auto Repair Shop
    • Union City CDJR Parts Store / Auto Parts Store
    • Union City Fiat / Car Dealership
    • Don Jackson Ram Dodge Chrysler Jeep Fiat Parts Store / Auto Parts Store

    Property Details for 3950 Jonesboro Rd

    Year built
    1995
    Construction
    WOOD
    Lot size
    7.72 lot acres
    Property size
    30,013 SF
    Zone code
    C2
    Property type
    Automotive properties
    APN
    09F130000581652
    APU
    09F130000581652

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,345,000
      ML approach
      $9,705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,455,000
      Market price range: $3.85M - $14.8M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $8,745,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $9,860,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $9,325,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $7,915,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,320,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Fulton
    State
    Georgia
    Longitude
    -84.5198
    Latitude
    33.5628
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,022
    $592,640
    $612,720
    $1,205,360
    -
    $1,481,600
    $1,531,800
    $3,013,400

    Comparable in this City

    • Value Estimation
      $715,000
      6,270 SF

      4310 Jonesboro Rd

      VEHICLE SALES, RENTALS • 6,270 SF
      4310 Jonesboro Rd, Union City, GA 30291-2002
      View Details
    • Value Estimation
      $805,000
      12,818 SF

      6740 Oakley Industrial Blvd

      VEHICLE SALES, RENTALS • 12,818 SF
      6740 Oakley Industrial Blvd, Union City, GA 30291-5125
      View Details
    • Value Estimation
      $2,045,000
      21,422 SF

      4197 Jonesboro Rd

      VEHICLE SALES, RENTALS • 21,422 SF
      4197 Jonesboro Rd, Union City, GA 30291-2265
      View Details
    • Value Estimation
      $3,735,000
      112,220 SF

      4310 Jonesboro Rd

      VEHICLE SALES, RENTALS • 112,220 SF
      4310 Jonesboro Rd, Union City, GA 30291-2002
      View Details
    • Value Estimation by Request
      3,127 SF

      4295 Jonesboro Rd

      VEHICLE SALES, RENTALS • 3,127 SF
      4295 Jonesboro Rd, Union City, GA 30291-2267
      View Details
    • Value Estimation
      $8,770,000
      31,098 SF

      4200 Jonesboro Rd

      VEHICLE SALES, RENTALS • 31,098 SF
      4200 Jonesboro Rd, Union City, GA 30291-2266
      View Details

    Similar Nearby for Sale

    • $5,455,900

      Union City DriveTime Investment

      NNN leased DriveTime on 4.72 acres near I-85.
      4295 Jonesboro Rd, Union City, GA 30291
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      Checkers Restaurant - Union City, GA

      High-ROI Checkers Restaurant Investment
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      Elegant Home with Modern Amenities

      Sophisticated home featuring stainless steel appliances and fresh neutral paint.
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    • $110,000
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      Union City Land Opportunity

      1.94-acre property in Union City, 14 miles from Atlanta airport.
      99 N High Pt Rd W, Union City, GA 30291
      View Details
    • $450,000
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      Residential Land in South Fulton

      Land subdivided for 30 single-family homes in established community.
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      Gated Community Condo For Sale

      Two-story condo with three bedrooms and a private fenced porch.
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    Similar Nearby for Lease

    • 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
      View Details
    • $33 SF/Yr
      100,002 SF

      Shannon Square: Creative Office Space

      Union City, GA: 1,256 SF Retail/Office Suite
      4720 Jonesboro Rd, Union City, GA 30291
      View Details
    • Contact for pricing
      1,030,518 SF

      Majestic Airport Center III: Phase II

      Prime Airport Retail Space Available
      6720 Oakley Industrial Blvd, Union City, GA 30291
      View Details
    • $13 SF/Yr
      27,400 SF

      Shannon Parkway Office Plaza

      Union City Office Space: 800-57,000 SF
      6740 Shannon Pkwy, Union City, GA 30291
      View Details
    • Contact for pricing
      190,357 SF

      Union City Retail Land Opportunity

      4.37 acres, prime retail location
      City GA Flt Shl Rd Un, Union City, GA 30291
      View Details
    • $4,500 /Mo
      3,896 SF

      Union City Office with Storage

      Professional office space with unfinished basement storage in Union City.
      6547 Roosevelt Hwy, Union City, GA 30291
      View Details
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    3950 Jonesboro Rd
    Union City, GA 30291-2258
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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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