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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
3985 Flt Shls Rd Union City, GA 30291-1588
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0996246
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
9,464 SF
Lot
2.01 ac (87,599 SF)
Zoning code
AG1
APN
09F240100830881
UPID
US22-0996246
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.27M
Owner & transaction history
Miryoung Kim · 5 yrs held
Miryoung Kim
since 2021
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
AG1 · Union City, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+43.3%
Medical building
$2.9M
+35.5%
Auto repair, garage
$2.8M
+27.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,095,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,170,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$2,940,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,760,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$2,495,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,310,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $2.37M (Jan 29 2021)
Last sale anchor
$2.37M
Jan 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,494
Tax year 2023
Assessed value
$407,200
Assessed 2023
Previous assessed
$407,200
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$48,280
Assessed improvement
$358,920
Land market value
$120,700
Improvement market value
$897,300
Total market value
$1,018,000
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
3
Total area
9,464 SF
Lot
2.01 ac (87,599 SF)
Zoning code
AG1
APN
09F240100830881
UPID
US22-0996246
Jurisdiction
FULTON
Zoning & alternative use
AG1 · Union City, GA
Zoning AG1 · permitted uses
AG1 · Union City, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
3
Lot
2.01 ac
Current owner
From public records · entity-resolved
Miryoung Kim
Individual
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
$2,365,000
Miryoung Kim
Rk Family Union LLC
Warranty Deed
$1,182,500 · Bank Of Hope
May 17, 2016
$2,195,100
Rk Family Union LLC
Gpi-union City Flat Shoals LLC
Grant Deed
—
Oct 13, 2015
$500,000
Gpi-union City Flat Shoals LLC
Atlanta Healthcare Prop Consul
Warranty Deed
—
Oct 13, 2015
—
Gpi-union City Flat Shoals LLC
Atlanta Healthcare Prop Consul
Quit Claim Deed
related
$1,616,000 · Keyworth Bk
Mar 31, 2009
$900,000
Atlanta Healthcare Property Co
Srouji,rudania B
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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