Luxury Garage Condos For
5765 Stables Way Unit C02 Alpharetta, GA 30004
For Sale
Contact for pricing
Pending
Premium, customizable car condos with secure storage and private lounge.
Property Size1,150 SF
Days on Market770
Property Features for 5765 Stables Way Unit C02
General Information
- Standard status
- Pending
- Size
- 1,150 SF
- Property subtype
- Industrial
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Jun 15, 2024
Changed: Jul 6
Last Checked: Jul 24 at 12:10PM
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 Personal Warehouse & Red Commercial
Investment Insights
Based on property information with market context.
These garage condos, also known as car condos and man caves, provide a luxurious solution for car enthusiasts, collectors, and individuals seeking premium space for their vehicles. These units combine secure vehicle storage with the comforts of a private lounge suitable for relaxation and entertainment. The flexible designs can be customized to match practical and aesthetic needs. Climate control, power, and advanced security features are included. The property size is 1150 square feet.
Key Highlights
- Secure, climate‑controlled vehicle storage.
- Customizable design to match practical and aesthetic needs.
- Private lounge area for relaxation or entertainment.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $19.20 |
| − Vacancy | −$994 | −$0.86 |
| EGI | $21.1k | $18.34 |
| − OpEx | −$6.3k | −$5.50 |
| NOI | $14.8k | $12.84 |
1,150 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$210.9K
$184.5K – $246.0K
NOI $14,760 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$100.1K
$87.6K – $116.8K
NOI $7,006 @ 7.0% cap · market cap 1.48%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,503 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
FAQs
What type of property is this?
Parking lot & garage - Premium, customizable car condos with secure storage and private lounge.
Where is this parking lot & garage located?
The property is located at 5765 Stables Way Unit C02 Alpharetta, GA.
What is the asking price?
The asking price for this property is $472,250.
What are key features of this property?
This property features: Secure, climate‑controlled vehicle storage.; Customizable design to match practical and aesthetic needs.; Private lounge area for relaxation or entertainment.
