Two-Building Retail
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 Market514
Property Features for 2667 Donald Lee Hollowell Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Window features
Display Window(s)
Lot features
Level, Near Public Transit
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
Flooring type
Concrete
Building materials
Block
Roof type
Composition
Additional Structures
Workshop
Listing Agency:
Keller Williams Realty Buckhead
(404) 604-3800
Listed By:
Keith Sharp · License #176306
(678) 778-8774
Added: Mar 14, 2025
Changed: Aug 4
Last Checked: Aug 9 at 2:06AM
MLS# 10522297
Copyright © 2026 Georgia Multiple Listing Service. 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 5,600-square-foot commercial property comprises two block buildings on a 0.596-acre parcel. The 2,700-square-foot retail building contains three occupied spaces, while the 2,900-square-foot automotive building has been renovated and includes a four-bay garage. Concrete flooring, a composition roof, public water, and public sewer serve the site. The property was built in 1988 and includes cable availability.
Zoned MRC-2, the site permits a maximum 3.149 FAR, with allowable residential and nonresidential intensities varying by use and parking requirements. The property is located across from the Collier Heights neighborhood and adjacent to the Bowen Homes Redevelopment Site. Proctor Creek Trail is 1.3 miles away, Shirley Clarke Franklin Park is 2.6 miles away, and Mercedes-Benz Stadium is 5.3 miles away. Showings are arranged by appointment, and tenants should not be disturbed.
Zoned MRC-2, the site permits a maximum 3.149 FAR, with allowable residential and nonresidential intensities varying by use and parking requirements. The property is located across from the Collier Heights neighborhood and adjacent to the Bowen Homes Redevelopment Site. Proctor Creek Trail is 1.3 miles away, Shirley Clarke Franklin Park is 2.6 miles away, and Mercedes-Benz Stadium is 5.3 miles away. Showings are arranged by appointment, and tenants should not be disturbed.
Key Highlights
- 5,600 SF across two commercial buildings on a 0.596‑acre parcel
- 2,700 SF retail building with 3 occupied spaces
- 2,900 SF renovated automotive building with 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
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Includes occupied retail suites alongside a renovated automotive facility with garage bays.
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; 2,900 SF renovated automotive building with 4‑bay garage
