Retail Property with Four-Bay
For Sale
$999,900
2667 Donald Lee Hollowell Parkway, Atlanta, GA 30318
COMMERCIAL - Atlanta, GA
Property Size5,600 SF
Lot Size0.60 Acres
Price / SF$178.55
Days on Market453
Property Features for 2667 Donald Lee Hollowell Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MRC-2
Parking
10
Parking features
Parking Lot
Window features
Display Window(s)
Interior features
Reception Area, Restrooms
Lot features
Level, Shopping Center
Directions
West on Donald Lee Hollowell Parkway, cross James Jackson Parkway / Hamilton E Holmes, property is 200 feet from intersection on the right.
Standard status
Active
APN
14 020800150103
Size
5,600 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11104
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Listing Agency:
Keller Williams Buckhead · Keller Williams Realty
(404) 604-3800
Listed By:
Keith Sharp · License #176306
(404) 604-3897
Added: May 14, 2025
Changed: Aug 4
Last Checked: Aug 9 at 2:06AM
MLS# 7579695
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-building commercial property contains 5,600 square feet on a 0.596-acre parcel. The 2,700-square-foot retail building is divided into three occupied spaces, while the 2,900-square-foot automotive building has been renovated and includes a four-bay garage. Interior features include reception areas and restrooms, with block construction, concrete flooring, a parking lot, public water, and public sewer. Built in 1988, the property also has cable availability.
The site is zoned MRC-2, a mixed residential and commercial designation. Its Atlanta setting places it near the Collier Heights neighborhood, Carey Park, Almond Park, the Bowen Homes Redevelopment Site, and activity at Jackson Parkway and Hamilton Holmes. Showings are arranged by appointment to avoid disturbing tenants.
The site is zoned MRC-2, a mixed residential and commercial designation. Its Atlanta setting places it near the Collier Heights neighborhood, Carey Park, Almond Park, the Bowen Homes Redevelopment Site, and activity at Jackson Parkway and Hamilton Holmes. Showings are arranged by appointment to avoid disturbing tenants.
Key Highlights
- 5,600 SF across two commercial buildings on a 0.596‑acre parcel
- 2,700 SF retail building with 3 occupied spaces
- Renovated 2,900 SF automotive building with a 4‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,320
$1.6M
Cap Rate 7%
$1,125,229
$1.1M
Cap Rate 9%
$875,178
$875.2K
Market Conditions
NOI Build-Up for 5,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$123.0K $21.96/SF
− Vacancy
−$10.5K −$1.87/SF
EGI
$112.5K $20.09/SF
− OpEx
−$33.8K −$6.03/SF
NOI
$78.8K $14.07/SF
Area
ZIP 30318
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,320
Cap Rate 7%
$1,125,229
Cap Rate 9%
$875,178
Alternative Uses
Best Use
Retail
$1.13M
$984.6K – $1.31M
NOI $78,766 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,579 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
869
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Airgas
Home Improvements & Furnishings
869 visits/mo
0.3 miles
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building commercial asset combines occupied storefronts with a renovated automotive facility.
Where is this retail space located?
The property is located at 2667 Donald Lee Hollowell Parkway Atlanta, GA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 5,600 SF across two commercial buildings on a 0.596‑acre parcel; 2,700 SF retail building with 3 occupied spaces; Renovated 2,900 SF automotive building with a 4‑bay garage
