USDA-Approved Cold Storage
For Sale
Contact for pricing
748 Donald Lee Hollowell Pkwy NW, Atlanta, GA 30318
Existing refrigerated facility with food-service, distribution, and refrigeration use supported by USDA and FDA approvals.
Property Size11,563 SF
Price / SF$259.45
Days on Market202
Property Features for 748 Donald Lee Hollowell Pkwy NW
General Information
Standard status
Active
Size
11,563 SF
Class
C
Property subtype
Industrial, Mixed Use, Retail
Zoning
SPI-3
Additional Details
Cold Storage
Yes
Building Details
Year Built
1949
Listing Agency:
Atlanta Leasing & Investment
(404) 348-4448
Listed By:
Dave Aynes · License #GA317811
Source:
Crexi
Added: Feb 10
Changed: Aug 31
Last Checked: Aug 31 at 12:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Leasing & Investment
Investment Insights
Based on property information with market context.
This refrigerated and cold-storage property includes an existing facility constructed in 1949. The building measures 11,563 square feet and is approved by the USDA and FDA for food service, distribution, and refrigeration operations. SPI-3 zoning supports industrial, commercial, and mixed-use development, subject to applicable requirements.
The property is located at 748 Donald Lee Hollowell Pkwy NW in Atlanta, near Echo Street West, Westside Park, and Mercedes-Benz Stadium. It also has access to the Westside BeltLine Connector, which is under construction.
The zoning framework allows development of up to 142,000 square feet with affordable housing bonuses. The stated use options include continued cold storage, food production, retail, mixed-use commercial and live/work space, and creative flex or studio operations.
The property is located at 748 Donald Lee Hollowell Pkwy NW in Atlanta, near Echo Street West, Westside Park, and Mercedes-Benz Stadium. It also has access to the Westside BeltLine Connector, which is under construction.
The zoning framework allows development of up to 142,000 square feet with affordable housing bonuses. The stated use options include continued cold storage, food production, retail, mixed-use commercial and live/work space, and creative flex or studio operations.
Key Highlights
- 11,563‑square‑foot refrigerated and cold‑storage facility
- USDA and FDA approved for food service, distribution, and refrigeration use
- SPI‑3 zoning allows industrial, commercial, and mixed‑use development
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
$156,101
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
5.20%
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%
$3,122,020
$3.1M
Cap Rate 7%
$2,230,014
$2.2M
Cap Rate 9%
$1,734,456
$1.7M
Market Conditions
NOI Build-Up for 11,563 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
$277.5K $24.00/SF
− Vacancy
−$27.8K −$2.40/SF
EGI
$249.8K $21.60/SF
− OpEx
−$93.7K −$8.10/SF
NOI
$156.1K $13.50/SF
Area
ZIP 30318
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,122,020
Cap Rate 7%
$2,230,014
Cap Rate 9%
$1,734,456
Alternative Uses
Best Use
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $156,101 @ 7.0% cap · market cap 5.20%
Second Best
Flex RnD
$2.11M
$1.85M – $2.46M
NOI $147,734 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,261 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Explore this area
Business Placement
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 Industrial 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?
Refrigerated & cold storage - Existing refrigerated facility with food-service, distribution, and refrigeration use supported by USDA and FDA approvals.
Where is this refrigerated & cold storage located?
The property is located at 748 Donald Lee Hollowell Pkwy NW Atlanta, GA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 11,563‑square‑foot refrigerated and cold‑storage facility; USDA and FDA approved for food service, distribution, and refrigeration use; SPI‑3 zoning allows industrial, commercial, and mixed‑use development
