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Property profile & analytics
FOR SALE
Commercial land

138 N Holland Dr Pendergrass, GA 30567

12.21 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US22-2681755
Property summary
AI-generated overview

This exceptional 7-acre lot, located at 138 N Holland Dr, Pendergrass, GA 30567 (APN: 092 005I1), presents a prime investment opportunity in the Northeast Atlanta Industrial submarket. Zoned for industrial use, this newly developed (2023) property offers 188 paved stalls for outdoor storage and boasts institutional-grade quality. The land is part of Pendergrass Park, a larger development strategically situated along the I-85 N corridor, an area experiencing significant growth and a shortage of outdoor storage facilities. The property's location provides easy access to major transportation routes. The land is priced at $707,142 per acre, offering a pro-forma cap rate of 9.84%. Ownership is held by Stockage Industrial Group. This is a rare opportunity to acquire a high-quality, ready-to-use industrial outdoor storage asset in a rapidly developing market. The property is ideal for businesses requiring secure, paved outdoor storage space. This is a build-to-suit opportunity, allowing for customization to meet specific tenant needs. The property is a strong investment with excellent potential for future appreciation.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 12.21 ac (531,868 SF)
Zoning code I
APN 092 005I1
UPID US22-2681755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
33h Tps Fund II LLC · 4 yrs held
33h Tps Fund II LLC
since 2021
Last sale
$925,000
1 recorded transaction
2021
$925,000
Zoning & alternative use
I · Pendergrass, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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