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    6800 Shannon Pkwy Union City, GA 30291
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    Property profile & analytics

    6800 Shannon Pkwy, Union City, GA 30291

    View on Map
    • Motels
    • 32,182 SF
    • 0.89 lot acres
    Off-Market
    Last Sale Jan 30, 2020
    $4,600,000
    Property ID
    US22-0727317
    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.
    Value Estimations
    $4,345,000
    Show details
    Cap Rate Potential
    3%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 6800 Shannon Pkwy

    Year built
    2000
    Lot size
    0.89 lot acres
    Zone code
    GC
    Property type
    Motels
    APN
    09F150800630095
    APU
    09F150800630095

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2020 — Varni Hospitality LLC Quantum Natl Bk Quit Claim Deed · related —
    Jan 31, 2020 — Shriji Hospitality INC — Deed · related $3.6M · Varni Hospitality LLC
    Nov 8, 2016 — Varni Hospitality LLC — Deed · related $2.8M · Quantum National Bank
    Sep 2, 2011 $1,330,000 Unity Hotels LLC Atlas Ga II Spe LLC Grant Deed —
    Sep 2, 2011 — Unity Hotels LLC Atlas Ga II Spe LLC Quit Claim Deed · related $1.3M · Embassy Nat'l Bk
    Apr 8, 2011 $1,100,000 Atlas Ga II Spe LLC Union City Hospitality Group L Trustees Deed —
    Nov 10, 2005 — Union City Hospitality Group LLC R & M Lodge LLC Quit Claim Deed · related —
    Oct 28, 2005 $2,800,000 Union City Hospitality Group LLC R & M Lodge LLC Grant Deed $1.6M · Branch Bk&tr
    — — Union City Hospitality Group LLC — Deed Of Trust · related $1.2M · Georgia Certified Dev Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,260,000
      ML approach
      $4,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,738,000
      Market price range: $3.48M - $8.81M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,060,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Fulton
    State
    Georgia
    Longitude
    -84.536
    Latitude
    33.5688
    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
    $38,107
    $151,000
    $1,199,060
    $1,350,060
    -
    $377,500
    $2,997,650
    $3,375,150

    Comparable in this City

    • Value Estimation
      $2,450,000
      22,625 SF

      6701 Shannon Pkwy

      MOTEL
      6701 Shannon Pkwy, Union City, GA 30291-2023
      View Details
    • Value Estimation
      $1,660,000
      31,741 SF

      6743 Shannon Pkwy

      MOTEL
      6743 Shannon Pkwy, Union City, GA 30291-2023
      View Details
    • Value Estimation
      $4,420,000
      6,720 SF

      3860 Flt Shls Rd

      MOTEL
      3860 Flt Shls Rd, Union City, GA 30291-1585
      View Details
    • Value Estimation
      $2,100,000
      21,342 SF

      7410 Oakley Rd

      MOTEL
      7410 Oakley Rd, Union City, GA 30291-2366
      View Details
    • Value Estimation
      $865,000
      15,200 SF

      7420 Oakley Rd

      MOTEL
      7420 Oakley Rd, Union City, GA 30291-2366
      View Details
    • Value Estimation
      $1,675,000
      32,382 SF

      6710 Shannon Pkwy

      MOTEL
      6710 Shannon Pkwy, Union City, GA 30291-2024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Union City Retail Investment Opportunity

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      Dollar General Investment Opportunity

      Dollar General property for sale, publicly traded company.
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      Union City Land Opportunity

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    Similar Nearby for Lease

    • $4,500 /Mo

      Retail Space in Union City

      Retail space available for lease in Union City, Georgia.
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      Retail Center Near I-85 Exit

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      View Details
    • Contact for pricing

      Retail and Office Plaza Space

      Two-story retail and office spaces available next to Super Wal-Mart.
      6740 Shannon Pkwy, Union City, GA 30291
      View Details
    • Contact for pricing

      Commercial Space in Union City

      Commercial space available for rent in Union City, Georgia.
      6525 Mall Blvd, Union City, GA 30291
      View Details
    • Contact for pricing

      Retail or Commercial Ground Lease

      Ground lease site available at Flat Shoals Road & Shannon Parkway.
      City 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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    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.

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