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Property profile & analytics
OFF-MARKET
Estimated value
$19,900,000
Grocery and convenience stores
4550 Jonesboro Rd Union City, GA 30291-2050
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1839343
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Total area
61,507 SF
Lot
8.49 ac (369,824 SF)
Zoning code
GC
APN
09F120100560318
UPID
US22-1839343
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
Current use
Occupant on record · Public records
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
-
higi Physician
-
Smart Staffing Employment Agency
-
South Fulton Dental Care Dental Office
-
Chase Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.15M
Comparable Approach
Comparable
$21.09M
Blend (final)
Blend
$19.90M
Owner & transaction history
Fse Shannon Crossing LLC · 5 yrs held
Fse Shannon Crossing LLC
since 2021
Last sale
$19.4M
2 recorded transactions
Zoning & alternative use
GC · Union City, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GC district is intended to provide locations for various types of commercial, retail, restaurants, hotels, and professional office uses. This district is designed to promote a vibrant city and other unique development opportunities that encourage development and redevelopment efforts.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
834.56 ac
Source
Realmo
Top alternative use upside
Restaurant
$33.0M
+134.3%
Neighborhood: shopping center
$20.2M
+43.3%
Medical building
$19.1M
+35.5%
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
$19,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,160,000
6.5%
$12,145,000
7%
$11,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,100,000
Current use
RESTAURANT
$33,040,000
Change: +134% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$20,210,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$19,105,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,925,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$16,225,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,005,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$19.90M
Range $17.91M – $21.89M · ±10% · vs last sale $19.40M (Aug 10 2021)
Last sale anchor
$19.40M
Aug 10 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
$324 / 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
$108,643
Tax year 2023
Assessed value
$3,849,040
Assessed 2023
Previous assessed
$3,556,520
+8.2% YoY
Effective rate
2.82%
On assessed value
Assessed land
$719,280
Assessed improvement
$3,129,760
Land market value
$1,798,200
Improvement market value
$7,824,400
Total market value
$9,622,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
4
Stories
1
Total area
61,507 SF
Lot
8.49 ac (369,824 SF)
Zoning code
GC
APN
09F120100560318
UPID
US22-1839343
Jurisdiction
FULTON
Zoning & alternative use
GC · Union City, GAZoning GC · permitted uses
GC · Union City, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GC district is intended to provide locations for various types of commercial, retail, restaurants, hotels, and professional office uses. This district is designed to promote a vibrant city and other unique development opportunities that encourage development and redevelopment efforts.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
834.56 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.1M
RESTAURANT
Est. value
$33.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.2M
MEDICAL BUILDING
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$17.9M
OFFICE BUILDING
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$15.0M
RETAIL STORES Current
RESTAURANT
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
1981
Heating
NONE
Stories
1
Buildings
4
Lot
8.49 ac
Current owner
From public records · entity-resolved
Fse Shannon Crossing LLC
Entity
Mailing address
569 ELMWOOD DR NE, ATLANTA, GA 30306-3641
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$19,400,000
Fse Shannon Crossing LLC
Frep III Shannon Crossing LLC
Limited Warranty Deed
$13,500,000 · Truist Bank
Mar 10, 2016
$15,575,000
Frep III-shannon Crossing LLC
Shannon 138 LLC
Grant Deed
related
$11,210,000 · Suntrust Bk
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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