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    Atlanta Commercial Property with Redevelopment Potential Title is generated by Realmo AI

    2667 Donald Lee Hollowell Parkway, Atlanta, GA 30318

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    Claim this Listing
    For Sale
    $999,900

    COMMERCIAL - Atlanta, GA

    Property size:
    5,600 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $178/SF
    Added:
    May 14, 2025
    Days on Market:
    361
    Last Refresh:
    May 9 at 4:06 pm

    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
    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

    We can help!

    Listing Contact
    Keith Sharp
    Keith Sharp

    Listing agent Keith Sharp License #176306

    Listing office Keller Williams Buckhead 3650 Habersham Rd NW, Atlanta, GA

    Listing date May 14, 2025

    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.

    HighLights

    • Exceptional redevelopment potential with MRC‑2 zoning, allowing for significant residential (up to 38,000 SF) and non‑residential (up to 64,000 SF) development.
    • Strategic location adjacent to the $64 million Bowen Homes Redevelopment Site.
    • Immediate income from the 2,700 SF retail building with three occupied spaces and stable tenants.
    • Proximity to Microsoft's future campus at Grove Park and the 'Hollowell Innovation District' mixed‑use lifestyle center.
    • Includes a RENOVATED 2,900 SF automotive building with a 4‑bay garage.
    • Located on Hollowell Parkway corridor poised for redevelopment.

    Overview

    This commercial property features two buildings, including a 2,700 square foot retail structure with three occupied spaces and a 2,900 square foot vacant automotive building with a 4-bay garage. Situated on a 0.596-acre parcel, the property is zoned MRC-2, allowing for mixed residential and commercial use. The zoning permits a maximum of 3.149 FAR, including up to 38,000 square feet for residential and 64,000 square feet for non-residential purposes, depending on use and parking requirements. The property is located across from the historic Collier Heights neighborhood and near redevelopment projects in Carey Park and Almond Park. It is directly adjacent to the $64 million Bowen Homes Redevelopment Site and major activity at the Jackson Parkway and Hamilton Holmes intersection. The Hollowell Parkway corridor is poised for redevelopment, with Microsoft's future campus at Grove Park incorporating the Bankhead MARTA station into the "Hollowell Innovation District" mixed-use lifestyle center. Georgia Tech is 4.9 miles away, Mercedes Benz Stadium is 5.3 miles away, West Midtown is 5 miles away, and Atlantic Station is 5.9 miles away. Lifestyle amenities include the Proctor Creek Trail (1.3 miles away), the future Atlanta RiverLands Park and Trail (2.9 miles away), and Shirley Clarke Franklin Park (2.6 miles away).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nuradio Station Radio Station K &K Tax ... Accounting Firm Sleep Station Furniture & Home Goods Devine Auto (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Azeta tire oil brake Change Auto emission — 2877 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
    • United Customs — 2774 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
    • Hot Wash On Wheels — 2980 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
    • TopCoat Automotives — 2774 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
    • Coyote Towing and 1st Reponce & Recovery Inc. — 1041 Fairburn Rd NW, Atlanta, GA 30331

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.474777
    Latitude
    33.77706

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    FAQs

    What type of property is this?
    Auto shop - Two-building commercial property with investment and redevelopment opportunities in Atlanta.
    Where is this auto shop 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: Exceptional redevelopment potential with MRC‑2 zoning, allowing for significant residential (up to 38,000 SF) and non‑residential (up to 64,000 SF) development.; Strategic location adjacent to the $64 million Bowen Homes Redevelopment Site.; Immediate income from the 2,700 SF retail building with three occupied spaces and stable tenants.
    (404) 604-3800
    We can help!
    Listing Contact
    Keith Sharp
    Keith Sharp
    Real Estate License ID: 176306
    Learn More
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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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